Siddhika Coatings (NSE:SIDDHIKA) LT-Debt-to-Total-Asset : 0.01 (As of Mar. 2022)

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What is Siddhika Coatings LT-Debt-to-Total-Asset?

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. Siddhika Coatings's long-term debt to total assests ratio for the quarter that ended in Mar. 2022 was 0.01.

Siddhika Coatings's long-term debt to total assets ratio declined from Mar. 2021 (0.02) to Mar. 2022 (0.01). It may suggest that Siddhika Coatings is progressively becoming less dependent on debt to grow their business.

Siddhika Coatings LT-Debt-to-Total-Asset Historical Data

The historical data trend for Siddhika Coatings's LT-Debt-to-Total-Asset can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Siddhika Coatings LT-Debt-to-Total-Asset Chart

Siddhika Coatings Annual Data

Trend

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

LT-Debt-to-Total-Asset

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0.02

0.01

0.02

0.01

Siddhika Coatings Semi-Annual Data
	Mar18	Mar19	Mar20	Sep20	Mar21	Sep21	Mar22	Mar23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial			0.02	0.02	0.01	0.01	-

Siddhika Coatings LT-Debt-to-Total-Asset Calculation

Siddhika Coatings's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Mar. 2023 is calculated as

LT Debt to Total Assets (A: Mar. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Mar. 2023 )	/	Total Assets (A: Mar. 2023 )
	=	0	/	348.932
	=	0.00

Siddhika Coatings's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2022 is calculated as

LT Debt to Total Assets (Q: Mar. 2022 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2022 )	/	Total Assets (Q: Mar. 2022 )
	=	2.825	/	283.645
	=	0.01

Siddhika Coatings (NSE:SIDDHIKA) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

Siddhika Coatings LT-Debt-to-Total-Asset Related Terms

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Siddhika Coatings (NSE:SIDDHIKA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Siddhika Coatings Ltd (NSE:SIDDHIKA) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

N/A

Address

L-9, Lower Ground Floor Kalkaj, South Delhi, New Delhi, IND, 110019

Website

https://www.siddhika.com

Siddhika Coatings Ltd is a texture paint contract company in the single-brand segment. The paints industry is mainly divided into two segments Decorative and Industrial. The decorative segment accounts for a portion of the paint industry's value, around 75%, and the industrial segment accounts for the rest 25% of the industry's value.

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