Rajnish Wellness (BOM:541601) LT-Debt-to-Total-Asset : 0.04 (As of Mar. 2024)

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What is Rajnish Wellness 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. Rajnish Wellness's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.04.

Rajnish Wellness's long-term debt to total assets ratio declined from Mar. 2023 (0.10) to Mar. 2024 (0.04). It may suggest that Rajnish Wellness is progressively becoming less dependent on debt to grow their business.

Rajnish Wellness LT-Debt-to-Total-Asset Historical Data

The historical data trend for Rajnish Wellness'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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Rajnish Wellness LT-Debt-to-Total-Asset Chart

Rajnish Wellness Annual Data

Trend

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.17

0.25

0.26

0.10

0.04

Rajnish Wellness Quarterly Data
	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.10	-	-	-	0.04

Rajnish Wellness LT-Debt-to-Total-Asset Calculation

Rajnish Wellness'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 )
	=	37.461	/	1062.649
	=	0.04

Rajnish Wellness'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 )
	=	37.461	/	1062.649
	=	0.04

Rajnish Wellness (BOM:541601) 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.

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Rajnish Wellness (BOM:541601) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Rajnish Wellness Ltd (BOM:541601) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Govt. Industrial Estate, Plot No. 24, ABCD, Charkop, Kandivali West, Mumbai, MH, IND, 400067

Website

https://www.rajnishwellness.com

Rajnish Wellness Ltd is engaged in the business of branding and marketing sexual wellness and ayurvedic personal care products. It markets its product under its own flagship brand Playwin. their products include Hair oil for dandruff & hair fall. mithohar liquid for controlling diabetes, lotions for skin itching problems, Etc.

Rajnish Wellness (BOM:541601) Headlines

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