Veritaas Advertising (NSE:VERITAAS) Debt-to-Asset : 0.13 (As of Sep. 2024)

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What is Veritaas Advertising Debt-to-Asset?

Veritaas Advertising's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was ₹17.13 Mil. Veritaas Advertising's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was ₹8.70 Mil. Veritaas Advertising's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Sep. 2024 was ₹193.79 Mil. Veritaas Advertising's debt to asset for the quarter that ended in Sep. 2024 was 0.13.

Veritaas Advertising Debt-to-Asset Historical Data

The historical data trend for Veritaas Advertising'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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Veritaas Advertising Debt-to-Asset Chart

Veritaas Advertising Annual Data

Trend

Mar21

Mar22

Mar23

Debt-to-Asset

0.28

0.25

Veritaas Advertising Semi-Annual Data
	Mar21	Mar22	Mar23	Sep23	Sep24
Debt-to-Asset	-	0.28	0.25	-	0.13

Competitive Comparison of Veritaas Advertising's Debt-to-Asset

For the Advertising Agencies subindustry, Veritaas Advertising'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.

Veritaas Advertising's Debt-to-Asset Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Veritaas Advertising's Debt-to-Asset distribution charts can be found below:

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

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Veritaas Advertising Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Veritaas Advertising'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
	=	(8.995	+	4.407)	/	53.058
	=	0.25

Veritaas Advertising's Debt-to-Asset for the quarter that ended in Sep. 2024 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(17.134	+	8.699)	/	193.793
	=	0.13

Veritaas Advertising (NSE:VERITAAS) 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.

Veritaas Advertising Debt-to-Asset Related Terms

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Veritaas Advertising Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Veritaas Advertising Ltd (NSE:VERITAAS) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Gariahat South Road, 38/2A, Dhakuria, Rash Behari Avenue, Kolkata, WB, IND, 700029

Website

https://www.veritaasadvertising.com

Veritaas Advertising Ltd is an integrated advertising agency offering 360-degree services across multiple platforms. It operate/advertise in police booths and outdoor hoardings and offer marketing and advertising services through the following platforms OOH, Transit Media and Events. It provide high-end ecosystem and end-to-end advertising solutions platform for advertising media services consisting of Brand Strategy, Events, Outdoor (OOH) Media services which covers advertisement modes such as police booth hoardings, Newspapers insertions, Brochures, and display of Outdoor Hoardings, etc.

Veritaas Advertising Headlines

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