Niks Technology (BOM:543282) Debt-to-Asset : 0.13 (As of Sep. 2023)

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What is Niks Technology Debt-to-Asset?

Niks Technology's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ₹5.05 Mil. Niks Technology's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ₹0.00 Mil. Niks Technology's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Sep. 2023 was ₹38.72 Mil. Niks Technology's debt to asset for the quarter that ended in Sep. 2023 was 0.13.

Niks Technology Debt-to-Asset Historical Data

The historical data trend for Niks Technology's Debt-to-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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Niks Technology Debt-to-Asset Chart

Niks Technology Annual Data

Trend

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Asset

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0.50

0.10

Niks Technology Semi-Annual Data
	Mar18	Mar19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Debt-to-Asset	Get a 7-Day Free Trial					-	-	-	-	0.13

Competitive Comparison of Niks Technology's Debt-to-Asset

For the Information Technology Services subindustry, Niks Technology's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Niks Technology's Debt-to-Asset Distribution in the Software Industry

For the Software industry and Technology sector, Niks Technology's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where Niks Technology's Debt-to-Asset falls into.

Niks Technology Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Niks Technology's Debt-to-Asset for the fiscal year that ended in Mar. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(0	+	0)	/	29.896
	=	0.00

Niks Technology's Debt-to-Asset for the quarter that ended in Sep. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(5.054	+	0)	/	38.722
	=	0.13

Niks Technology (BOM:543282) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

Niks Technology Debt-to-Asset Related Terms

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Niks Technology (BOM:543282) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Niks Technology Ltd (BOM:543282) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Old Bypass Main Road, Flat No. 501, Shiv Laxmi Plaza, Opposite Rajendra Nagar Terminal, Kankarbagh, Patna, BR, IND, 800020

Website

https://www.nikstech.com

Niks Technology Ltd is an information technology solution service provider company. It offers a range of services such as cyber security, digital marketing, software development, website development, mobile app development, android app development, and classroom training and certification courses to students through offline and online routes.

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