Gensol Engineering (BOM:542851) LT-Debt-to-Total-Asset : 0.40 (As of Mar. 2024)

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What is Gensol Engineering 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. Gensol Engineering's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.40.

Gensol Engineering's long-term debt to total assets ratio declined from Mar. 2023 (0.45) to Mar. 2024 (0.40). It may suggest that Gensol Engineering is progressively becoming less dependent on debt to grow their business.

Gensol Engineering LT-Debt-to-Total-Asset Historical Data

The historical data trend for Gensol Engineering'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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Gensol Engineering LT-Debt-to-Total-Asset Chart

Gensol Engineering Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.08

0.05

0.19

0.45

0.40

Gensol Engineering Quarterly Data
	Mar17	Mar18	Mar19	Mar20	Sep20	Mar21	Sep21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial											0.45	-	0.48	-	0.40

Gensol Engineering LT-Debt-to-Total-Asset Calculation

Gensol Engineering'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 )
	=	9368.8	/	23278
	=	0.40

Gensol Engineering'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 )
	=	9368.8	/	23278
	=	0.40

Gensol Engineering (BOM:542851) 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.

Gensol Engineering LT-Debt-to-Total-Asset Related Terms

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Gensol Engineering (BOM:542851) Business Description

Industry

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Traded in Other Exchanges

GENSOL:India

Address

Westgate Business Bay, Block - A, 15th FLoor, Makarba, Ahmedabad, GJ, IND, 380051

Website

https://www.gensol.in

Gensol Engineering Ltd is a renewable energy solutions provider focused on end to end solar engineering, procurement, and construction projects. It is engaged in providing technical due diligence, detailed engineering, quality control, construction supervision, and other consulting services for solar projects across various countries, including India.

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