Confidence Futuristic Energetech (BOM:539991) LT-Debt-to-Total-Asset : 0.16 (As of Mar. 2024)

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What is Confidence Futuristic Energetech 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. Confidence Futuristic Energetech's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.16.

Confidence Futuristic Energetech's long-term debt to total assets ratio declined from Mar. 2023 (0.24) to Mar. 2024 (0.16). It may suggest that Confidence Futuristic Energetech is progressively becoming less dependent on debt to grow their business.

Confidence Futuristic Energetech LT-Debt-to-Total-Asset Historical Data

The historical data trend for Confidence Futuristic Energetech'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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Confidence Futuristic Energetech LT-Debt-to-Total-Asset Chart

Confidence Futuristic Energetech Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.04

0.67

0.17

0.24

0.16

Confidence Futuristic Energetech 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															0.24	-	0.22	-	0.16

Confidence Futuristic Energetech LT-Debt-to-Total-Asset Calculation

Confidence Futuristic Energetech'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 )
	=	398.252	/	2517.634
	=	0.16

Confidence Futuristic Energetech'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 )
	=	398.252	/	2517.634
	=	0.16

Confidence Futuristic Energetech (BOM:539991) 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.

Confidence Futuristic Energetech LT-Debt-to-Total-Asset Related Terms

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Confidence Futuristic Energetech (BOM:539991) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Confidence Futuristic Energetech Ltd (BOM:539991) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

8, Wardha Road, 404, Satyam Apartment, Dhantoli, Nagpur, MH, IND, 440012

Website

https://cfel.co.in

Confidence Futuristic Energetech Ltd is engaged in offering Composite Liquefied petroleum gas Cylinders. The company has launched a blast proof, translucent, and light-weight composite cylinders under the brand name GoGas Elite. It is into selling LPG to both domestic and commercial users.

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