Venus Remedies (BOM:526953) LT-Debt-to-Total-Asset : 0.06 (As of Mar. 2024)

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What is Venus Remedies 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. Venus Remedies's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.06.

Venus Remedies's long-term debt to total assets ratio declined from Mar. 2023 (0.06) to Mar. 2024 (0.06). It may suggest that Venus Remedies is progressively becoming less dependent on debt to grow their business.

Venus Remedies LT-Debt-to-Total-Asset Historical Data

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

Venus Remedies Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.11

0.08

0.07

0.06

Venus Remedies 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															0.06	-	0.06	-	0.06

Venus Remedies LT-Debt-to-Total-Asset Calculation

Venus Remedies'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 )
	=	386.8	/	6268.3
	=	0.06

Venus Remedies'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 )
	=	386.8	/	6268.3
	=	0.06

Venus Remedies (BOM:526953) 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.

Venus Remedies LT-Debt-to-Total-Asset Related Terms

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Venus Remedies (BOM:526953) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Venus Remedies Ltd (BOM:526953) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

VENUSREM:India

Address

Plot 51-52, Industrial Area, Phase 1, Panchkula, HR, IND, 134113

Website

https://www.venusremedies.com

Venus Remedies Ltd is an Indian drug manufacturer. It is engaged in manufacturing and trading pharmaceutical products. The company produces biologically active food supplements which include food supplements are natural complexes containing minerals, vitamins, dietary fibers, extracts of medicinal herbs, amino acids, and others.

Venus Remedies (BOM:526953) Headlines

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