Waa Solar (BOM:541445) LT-Debt-to-Total-Asset : 0.18 (As of Sep. 2024)

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What is Waa Solar 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. Waa Solar's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.18.

Waa Solar's long-term debt to total assets ratio declined from Sep. 2023 (0.22) to Sep. 2024 (0.18). It may suggest that Waa Solar is progressively becoming less dependent on debt to grow their business.

Waa Solar LT-Debt-to-Total-Asset Historical Data

The historical data trend for Waa Solar'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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Waa Solar LT-Debt-to-Total-Asset Chart

Waa Solar Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.38

0.35

0.30

0.24

0.20

Waa Solar Semi-Annual Data
	Mar13	Mar14	Mar15	Mar16	Mar17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial														0.28	0.24	0.22	0.20	0.18

Waa Solar LT-Debt-to-Total-Asset Calculation

Waa Solar'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 )
	=	469.225	/	2345.786
	=	0.20

Waa Solar'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 )
	=	454.687	/	2516.671
	=	0.18

Waa Solar (BOM:541445) 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.

Waa Solar LT-Debt-to-Total-Asset Related Terms

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Waa Solar Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Waa Solar Ltd (BOM:541445) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

Madhav House, Near Panchratna Building, Subhanpura, Vadodara, GJ, IND, 390023

Website

https://www.waasolar.org

Waa Solar Ltd is an Indian firm engaged in electric power generation, transmission, and distribution. The company is focused on the development of renewable energy in terms of Solar Power Generation through Ground Mounted Projects and also by undertaking Solar Rooftop Projects. Some of the projects of the company are the 10.25 MW Solar PV Power Project, 100 KW Solar PV Power Project, 10.42 MW Solar PV Power Project, and many more. It generates substantial revenue from the sale of solar power products.

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