Soap and Allied Industries (XMAU:SAIL.I0000) LT-Debt-to-Total-Asset : 0.01 (As of Dec. 2022)

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What is Soap and Allied Industries 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. Soap and Allied Industries's long-term debt to total assests ratio for the quarter that ended in Dec. 2022 was 0.01.

Soap and Allied Industries's long-term debt to total assets ratio declined from Dec. 2020 (0.05) to Dec. 2022 (0.01). It may suggest that Soap and Allied Industries is progressively becoming less dependent on debt to grow their business.

Soap and Allied Industries LT-Debt-to-Total-Asset Historical Data

The historical data trend for Soap and Allied Industries'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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Soap and Allied Industries LT-Debt-to-Total-Asset Chart

Soap and Allied Industries Annual Data

Trend

Dec20

Dec21

Dec22

LT-Debt-to-Total-Asset

0.05

0.01

Soap and Allied Industries Semi-Annual Data
	Dec20	Dec21	Dec22
LT-Debt-to-Total-Asset	0.05	0.05	0.01

Soap and Allied Industries LT-Debt-to-Total-Asset Calculation

Soap and Allied Industries's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2022 is calculated as

LT Debt to Total Assets (A: Dec. 2022 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2022 )	/	Total Assets (A: Dec. 2022 )
	=	9.531	/	869.484
	=	0.01

Soap and Allied Industries's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2022 is calculated as

LT Debt to Total Assets (Q: Dec. 2022 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2022 )	/	Total Assets (Q: Dec. 2022 )
	=	9.531	/	869.484
	=	0.01

Soap and Allied Industries (XMAU:SAIL.I0000) 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.

Soap and Allied Industries LT-Debt-to-Total-Asset Related Terms

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Soap and Allied Industries (XMAU:SAIL.I0000) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Soap and Allied Industries Ltd (XMAU:SAIL.I0000) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Old Moka Road, Bell Village, PO Box 900, Port Louis, MUS

Website

https://www.soapandallied.com

Soap and Allied Industries Ltd is a Mauritius-based company engaged in the manufacturing and sale of soap, detergent, and other cosmetic products. Its product portfolio includes all-purpose cleaners, beauty soap, bleach, custom-made soap, dishwashing liquid, fabric softener, floor cleaner, hand washing powder, laundry soap, luxury soap, toilet cleaner, and washing machine powder, among others. The company exports its products to Comoros, Kenya, Madagascar, Mayotte, Reunion, Seychelles, South Africa, and Zimbabwe.

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