GlobalSpace Technologies (BOM:540654) LT-Debt-to-Total-Asset : 0.02 (As of Mar. 2024)

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What is GlobalSpace Technologies 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. GlobalSpace Technologies's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.02.

GlobalSpace Technologies's long-term debt to total assets ratio declined from Sep. 2022 (0.22) to Mar. 2024 (0.02). It may suggest that GlobalSpace Technologies is progressively becoming less dependent on debt to grow their business.

GlobalSpace Technologies LT-Debt-to-Total-Asset Historical Data

The historical data trend for GlobalSpace Technologies'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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GlobalSpace Technologies LT-Debt-to-Total-Asset Chart

GlobalSpace Technologies Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.09

0.07

0.20

0.17

0.02

GlobalSpace Technologies Quarterly Data
	Sep18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.22	-	0.17	-	0.02

GlobalSpace Technologies LT-Debt-to-Total-Asset Calculation

GlobalSpace Technologies'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 )
	=	13.122	/	704.602
	=	0.02

GlobalSpace Technologies'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 )
	=	13.122	/	704.602
	=	0.02

GlobalSpace Technologies (BOM:540654) 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.

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GlobalSpace Technologies (BOM:540654) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » GlobalSpace Technologies Ltd (BOM:540654) » Definitions » LT-Debt-to-Total-Asset

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Address

Office No. 605, A-1, B-Wing, Rupa Solitaire Building, 6th Floor, Sec-1, Millennium Business Park, MIDC, Mahape, Navi Mumbai, MH, IND, 400710

Website

https://www.globalspace.in

GlobalSpace Technologies Ltd is a software product company and an enterprise mobility solutions provider. The company provides technology-enabled business enhancement solutions. It serves pharma; BSFI; Education and other enterprises, Mobiles development, Website development, ERP software development, etc. The company generates revenue from the sale of products including accessories, Software, Professional fees, and others.

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