Arunis Abode (BOM:526935) LT-Debt-to-Total-Asset : 0.09 (As of Mar. 2024)

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What is Arunis Abode 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. Arunis Abode's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.09.

Arunis Abode's long-term debt to total assets ratio declined from Mar. 2023 (0.10) to Mar. 2024 (0.09). It may suggest that Arunis Abode is progressively becoming less dependent on debt to grow their business.

Arunis Abode LT-Debt-to-Total-Asset Historical Data

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

Arunis Abode Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.03

0.10

0.09

Arunis Abode 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															0.10	-	0.09	-	0.09

Arunis Abode LT-Debt-to-Total-Asset Calculation

Arunis Abode'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 )
	=	7.146	/	79.874
	=	0.09

Arunis Abode'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 )
	=	7.146	/	79.874
	=	0.09

Arunis Abode (BOM:526935) 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.

Arunis Abode LT-Debt-to-Total-Asset Related Terms

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Arunis Abode (BOM:526935) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Arunis Abode Ltd (BOM:526935) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

JN. Off S.V. Road & Kora Kendra Road, Office no. 501. F.P. No. 765, TPS 111, Borivali (West), Mumbai, MH, IND, 400092

Website

https://www.arunis.co

Arunis Abode Ltd, formerly known as M.B. Parikh Finstocks Ltd, is engaged in the real estate business. The company is engaged in developing, redeveloping, furnishing, and maintaining real estate properties, including townships, commercial premises, hotels, resorts, hospitals, educational institutes, markets, offices, flats, etc. The company's projects include the redevelopment of Jay Dharma Krupa CHSL. Previously, the company was engaged in the trading of shares.

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