Magellanic Cloud (BOM:538891) LT-Debt-to-Total-Asset : 0.25 (As of Mar. 2024)

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What is Magellanic Cloud 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. Magellanic Cloud's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.25.

Magellanic Cloud's long-term debt to total assets ratio increased from Mar. 2023 (0.20) to Mar. 2024 (0.25). It may suggest that Magellanic Cloud is progressively becoming more dependent on debt to grow their business.

Magellanic Cloud LT-Debt-to-Total-Asset Historical Data

The historical data trend for Magellanic Cloud'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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Magellanic Cloud LT-Debt-to-Total-Asset Chart

Magellanic Cloud Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.15

0.48

0.34

0.20

0.25

Magellanic Cloud Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.20	-	0.24	-	0.25

Magellanic Cloud LT-Debt-to-Total-Asset Calculation

Magellanic Cloud's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (A: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Mar. 2024 )	/	Total Assets (A: Mar. 2024 )
	=	2001.002	/	7998.36
	=	0.25

Magellanic Cloud's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (Q: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2024 )	/	Total Assets (Q: Mar. 2024 )
	=	2001.002	/	7998.36
	=	0.25

Magellanic Cloud (BOM:538891) 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.

Magellanic Cloud LT-Debt-to-Total-Asset Related Terms

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Magellanic Cloud (BOM:538891) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Magellanic Cloud Ltd (BOM:538891) » Definitions » LT-Debt-to-Total-Asset

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Address

Dallas Center, 83/1, Plot No. A1, 6th & 7th Floor, Hyderabad Knowledge City, Rai Durg, Madhapur, Hyderabad, TG, IND, 500032

Website

https://magellanic-cloud.com

Magellanic Cloud Ltd is a provider of IT services. It is engaged in software development, consulting, digital transformation, and DevOps. The company has also ventured into FMCG products. It operates through two segments, namely, IT Consulting Services and FMCG Product Division. The company earns the majority of its revenue from FMCG Product Division.

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