Ranjeet Mechatronics (BOM:541945) LT-Debt-to-Total-Asset : 0.03 (As of Sep. 2024)

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What is Ranjeet Mechatronics 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. Ranjeet Mechatronics's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.03.

Ranjeet Mechatronics's long-term debt to total assets ratio declined from Sep. 2023 (0.13) to Sep. 2024 (0.03). It may suggest that Ranjeet Mechatronics is progressively becoming less dependent on debt to grow their business.

Ranjeet Mechatronics LT-Debt-to-Total-Asset Historical Data

The historical data trend for Ranjeet Mechatronics'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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Ranjeet Mechatronics LT-Debt-to-Total-Asset Chart

Ranjeet Mechatronics Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.11

0.13

0.08

0.12

Ranjeet Mechatronics Semi-Annual Data
	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													0.08	0.12	0.13	-	0.03

Ranjeet Mechatronics LT-Debt-to-Total-Asset Calculation

Ranjeet Mechatronics'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 )
	=	0	/	328.139
	=	0.00

Ranjeet Mechatronics'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 )
	=	9.341	/	337.773
	=	0.03

Ranjeet Mechatronics (BOM:541945) 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.

Ranjeet Mechatronics LT-Debt-to-Total-Asset Related Terms

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Ranjeet Mechatronics Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Ranjeet Mechatronics Ltd (BOM:541945) » Definitions » LT-Debt-to-Total-Asset

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Address

Anand Nagar Cross Road, Prahlad Nagar Road, Block A, Office No. 407/408, 4th Floor, Dev Aurum, Ahmedabad, GJ, IND, 380 015

Website

https://www.ranjeet.co.in

Ranjeet Mechatronics Ltd is a company providing specialized firefighting solutions as a system integrator. Products and services offered by the company include pump, motor, engine, valves, fire fighting accessories and equipment, and others.

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