Ascensive Educare (BOM:543443) LT-Debt-to-Total-Asset : 0.13 (As of Mar. 2023)

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What is Ascensive Educare 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. Ascensive Educare's long-term debt to total assests ratio for the quarter that ended in Mar. 2023 was 0.13.

Ascensive Educare's long-term debt to total assets ratio declined from Mar. 2022 (0.17) to Mar. 2023 (0.13). It may suggest that Ascensive Educare is progressively becoming less dependent on debt to grow their business.

Ascensive Educare LT-Debt-to-Total-Asset Historical Data

The historical data trend for Ascensive Educare'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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Ascensive Educare LT-Debt-to-Total-Asset Chart

Ascensive Educare Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.29

0.28

0.17

0.13

0.07

Ascensive Educare Semi-Annual Data
	Mar19	Mar20	Mar21	Sep21	Mar22	Sep22	Mar23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial			-	0.17	0.17	0.13	0.07

Ascensive Educare LT-Debt-to-Total-Asset Calculation

Ascensive Educare'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 )
	=	14.606	/	217.17
	=	0.07

Ascensive Educare's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2023 is calculated as

LT Debt to Total Assets (Q: Mar. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2023 )	/	Total Assets (Q: Mar. 2023 )
	=	23.935	/	190.932
	=	0.13

Ascensive Educare (BOM:543443) 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.

Ascensive Educare LT-Debt-to-Total-Asset Related Terms

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Ascensive Educare (BOM:543443) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Ascensive Educare Ltd (BOM:543443) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

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Address

BF-32, 2nd Floor, Sector- I, Salt Lake City, Bidhannagar, Kolkata, WB, IND, 700064

Website

https://www.ascensiveeducare.com

Ascensive Educare Ltd is a responsive and innovative skill development company in Kolkata offering vocational training, and educational consulting in collaboration with Central and State Governments. The Company is exclusively engaged in the business of providing skill development training services.

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