Dhani Services (BOM:532960) LT-Debt-to-Total-Asset : 0.15 (As of Mar. 2024)

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What is Dhani Services 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. Dhani Services's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.15.

Dhani Services's long-term debt to total assets ratio increased from Mar. 2023 (0.15) to Mar. 2024 (0.15). It may suggest that Dhani Services is progressively becoming more dependent on debt to grow their business.

Dhani Services LT-Debt-to-Total-Asset Historical Data

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

Dhani Services Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.29

0.19

0.12

0.15

Dhani Services 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															0.15	-	0.17	-	0.15

Dhani Services LT-Debt-to-Total-Asset Calculation

Dhani Services'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 )
	=	6965.856	/	45231.244
	=	0.15

Dhani Services'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 )
	=	6965.856	/	45231.244
	=	0.15

Dhani Services (BOM:532960) 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.

Dhani Services LT-Debt-to-Total-Asset Related Terms

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Dhani Services (BOM:532960) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Dhani Services Ltd (BOM:532960) » Definitions » LT-Debt-to-Total-Asset

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DHANI:India

Address

4th Floor, S. B. Marg, One International Centre, Tower 1, Elphinstone (West), Mumbai, MH, IND, 400013

Website

https://www.dhanistocks.com

Dhani Services Ltd is a capital market company providing securities and derivative broking services. It is registered with SEBI as a Stock Broker, a Depository Participant, a Research Analyst, and a Merchant Banker in Category I. The company's products include Equity Trading, Derivative Trading, Commodity Trading, Currency Trading, and IPO. It is also engaged in Credit Line, Online Pharmacy, Payments services.

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