ITI (BOM:523610) LT-Debt-to-Total-Asset : 0.01 (As of Sep. 2024)

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What is ITI 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. ITI's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.01.

ITI's long-term debt to total assets ratio declined from Sep. 2023 (0.02) to Sep. 2024 (0.01). It may suggest that ITI is progressively becoming less dependent on debt to grow their business.

ITI LT-Debt-to-Total-Asset Historical Data

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

ITI Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.02

0.03

0.02

0.01

ITI 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															0.02	-	0.01	-	0.01

ITI LT-Debt-to-Total-Asset Calculation

ITI'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 )
	=	1204.299	/	95980.536
	=	0.01

ITI'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 )
	=	1202.3	/	100876.9
	=	0.01

ITI (BOM:523610) 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.

ITI LT-Debt-to-Total-Asset Related Terms

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ITI Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » ITI Ltd (BOM:523610) » Definitions » LT-Debt-to-Total-Asset

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ITI:India

Address

ITI Bhavan, Doorvani Nagar, Bangalore, KA, IND, 560016

Website

https://www.itiltd.in

ITI Ltd is an India based company, engages in the business of manufacturing, trading, and servicing of telecommunication equipment. Its products include global system for mobile communications (GSM)/code division multiple access (CDMA), defense products and diversified products. It offers a range of telecom products and solutions, including switching, transmission, access, and subscriber premises equipment. Geographically the company distributes its products primarily in India only.

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