Hanman Fit (BOM:538731) LT-Debt-to-Total-Asset : 0.21 (As of Mar. 2024)

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What is Hanman Fit 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. Hanman Fit's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.21.

Hanman Fit's long-term debt to total assets ratio declined from Mar. 2023 (0.25) to Mar. 2024 (0.21). It may suggest that Hanman Fit is progressively becoming less dependent on debt to grow their business.

Hanman Fit LT-Debt-to-Total-Asset Historical Data

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

Hanman Fit Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.07

0.21

0.26

0.25

0.21

Hanman Fit Semi-Annual Data
	Mar14	Mar15	Sep15	Mar16	Mar17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial													0.26	-	0.25	-	0.21

Hanman Fit LT-Debt-to-Total-Asset Calculation

Hanman Fit'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 )
	=	7.025	/	34.021
	=	0.21

Hanman Fit'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 )
	=	7.025	/	34.021
	=	0.21

Hanman Fit (BOM:538731) 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.

Hanman Fit LT-Debt-to-Total-Asset Related Terms

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Hanman Fit (BOM:538731) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Hanman Fit Ltd (BOM:538731) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

JVPD Scheme Plot No. 1, N.S. Road, 702 Concorde CHS Ltd, No. 10, Near Shiv Sagar Hotel, Vile Parle (West), Mumbai, MH, IND, 400056

Website

http://www.hanman.fit

Hanman Fit Ltd is involved in the gymming business in India. The company provides diverse fitness services apart from standard gymming and fitness solutions like the Zumba program, spa, massage, aerobics, yoga, physiotherapy, and many more.

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