Ras Resorts & Apart Hotels (BOM:507966) LT-Debt-to-Total-Asset : 0.03 (As of Sep. 2024)

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What is Ras Resorts & Apart Hotels 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. Ras Resorts & Apart Hotels's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.03.

Ras Resorts & Apart Hotels's long-term debt to total assets ratio declined from Sep. 2023 (0.03) to Sep. 2024 (0.03). It may suggest that Ras Resorts & Apart Hotels is progressively becoming less dependent on debt to grow their business.

Ras Resorts & Apart Hotels LT-Debt-to-Total-Asset Historical Data

The historical data trend for Ras Resorts & Apart Hotels'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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Ras Resorts & Apart Hotels LT-Debt-to-Total-Asset Chart

Ras Resorts & Apart Hotels Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.02

0.05

0.06

0.05

0.04

Ras Resorts & Apart Hotels Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.03	-	0.04	-	0.03

Ras Resorts & Apart Hotels LT-Debt-to-Total-Asset Calculation

Ras Resorts & Apart Hotels'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 )
	=	11.607	/	313.553
	=	0.04

Ras Resorts & Apart Hotels's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2024 is calculated as

LT Debt to Total Assets (Q: Sep. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2024 )	/	Total Assets (Q: Sep. 2024 )
	=	10.006	/	324.806
	=	0.03

Ras Resorts & Apart Hotels (BOM:507966) 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.

Ras Resorts & Apart Hotels LT-Debt-to-Total-Asset Related Terms

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Ras Resorts & Apart Hotels Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Ras Resorts & Apart Hotels Ltd (BOM:507966) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

99/C, Rosewood Chambers, Tulsiwadi, Tardeo, Mumbai, MH, IND, 400 034

Website

https://www.rrahl.com

Ras Resorts & Apart Hotels Ltd operates a hotel and real estate business. It is engaged in the business of owning and operating a hotel and resort. The company's operating segment includes Hoteliering and Real Estate, Out of which the majority of revenue is generated from the hoteliering segment. Geographically, the firm operates in India. Its resort facilities include a Children's Playground, Conference halls, Sandal Cola Lawns, Adult and Baby Pools, and health club/wellness Centre facilities.

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