Aion-Tech Solutions (NSE:GOLDTECH) LT-Debt-to-Total-Asset : 0.05 (As of Mar. 2024)

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What is Aion-Tech Solutions 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. Aion-Tech Solutions's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.05.

Aion-Tech Solutions's long-term debt to total assets ratio increased from Mar. 2023 (0.04) to Mar. 2024 (0.05). It may suggest that Aion-Tech Solutions is progressively becoming more dependent on debt to grow their business.

Aion-Tech Solutions LT-Debt-to-Total-Asset Historical Data

The historical data trend for Aion-Tech Solutions'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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Aion-Tech Solutions LT-Debt-to-Total-Asset Chart

Aion-Tech Solutions Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.04

0.05

Aion-Tech Solutions 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															0.04	-	0.04	-	0.05

Aion-Tech Solutions LT-Debt-to-Total-Asset Calculation

Aion-Tech Solutions'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 )
	=	50.238	/	1052.378
	=	0.05

Aion-Tech Solutions'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 )
	=	50.238	/	1052.378
	=	0.05

Aion-Tech Solutions (NSE:GOLDTECH) 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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Aion-Tech Solutions (NSE:GOLDTECH) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » Aion-Tech Solutions Ltd (NSE:GOLDTECH) » Definitions » LT-Debt-to-Total-Asset

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531439:India

Address

My Home Hub, Block-I, 9 Floor, Hitech City, Madhapur, Hyderabad, TG, IND, 500081

Website

https://www.goldstonetech.com

Aion-Tech Solutions Ltd formerly Goldstone Technologies Ltd is engaged in the Information technology sector and Information Technology Services. The firm offers various services such as Business intelligence and analytics, Infrastructure services, Outsourcing services, and others. Its operating segments are Information Technology/Software Services and Software Licenses. The company offers services in both domestic and international markets. It generates maximum revenue from Information Technology/Software Services and Software licenses.

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