Richfield Financial Services (BOM:539435) LT-Debt-to-Total-Asset : 0.02 (As of Sep. 2024)

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What is Richfield Financial 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. Richfield Financial Services's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.02.

Richfield Financial Services's long-term debt to total assets ratio increased from Sep. 2023 (0.00) to Sep. 2024 (0.02). It may suggest that Richfield Financial Services is progressively becoming more dependent on debt to grow their business.

Richfield Financial Services LT-Debt-to-Total-Asset Historical Data

The historical data trend for Richfield Financial 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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Richfield Financial Services LT-Debt-to-Total-Asset Chart

Richfield Financial Services Annual Data

Trend

Mar15

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Mar17

Mar18

Mar19

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Mar23

Mar24

LT-Debt-to-Total-Asset

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0.05

Richfield Financial Services 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															-	-	0.05	-	0.02

Richfield Financial Services LT-Debt-to-Total-Asset Calculation

Richfield Financial 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 )
	=	5.293	/	102.075
	=	0.05

Richfield Financial Services'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 )
	=	3.3	/	156.561
	=	0.02

Richfield Financial Services (BOM:539435) 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.

Richfield Financial Services LT-Debt-to-Total-Asset Related Terms

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Richfield Financial Services Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Richfield Financial Services Ltd (BOM:539435) » Definitions » LT-Debt-to-Total-Asset

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Address

Subash Chandra Bose Road, Door No. 53/2320-C, 1st Floor, Ashiyana Building, Opposite CKCGHS, Ponnurunni, Vytilla, KL, IND, 682019

Website

https://www.rfsl.co.in

Richfield Financial Services Ltd is engaged in carrying on the business of providing financial services. The Company is also engaged in trading of shares and securities, and short-term financing ranging from three to six months.

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