Cospower Engineering (BOM:543172) LT-Debt-to-Total-Asset : 0.32 (As of Mar. 2024)

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What is Cospower Engineering 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. Cospower Engineering's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.32.

Cospower Engineering's long-term debt to total assets ratio declined from Mar. 2023 (0.39) to Mar. 2024 (0.32). It may suggest that Cospower Engineering is progressively becoming less dependent on debt to grow their business.

Cospower Engineering LT-Debt-to-Total-Asset Historical Data

The historical data trend for Cospower Engineering'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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Cospower Engineering LT-Debt-to-Total-Asset Chart

Cospower Engineering Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.11

0.26

0.39

0.32

Cospower Engineering Semi-Annual Data
	Mar17	Mar18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial								0.26	0.38	0.39	0.41	0.32

Cospower Engineering LT-Debt-to-Total-Asset Calculation

Cospower Engineering'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 )
	=	110.929	/	348.393
	=	0.32

Cospower Engineering'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 )
	=	110.929	/	348.393
	=	0.32

Cospower Engineering (BOM:543172) 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.

Cospower Engineering LT-Debt-to-Total-Asset Related Terms

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Cospower Engineering (BOM:543172) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Cospower Engineering Ltd (BOM:543172) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Chincholi Bunder Road, 403, Chandra-Raj Building, Behind Vivanta Hospital, Malad (West), Mumbai, MH, IND, 400064

Website

https://www.cel.net.in

Cospower Engineering Ltd is engaged in the business of manufacturing of electrical panels, harmonic filters and substations, and equipment mounting structures. It provides turnkey services which involve supply, installation, commissioning, testing, and comprehensive maintenance of electric products. The company has extended its product range to other power-related products that are needed to complete the electrical system. It offers under one roof a complete package of electrical systems and solutions. Its business comprises of manufacturing and supplying of re-active power compensation systems, harmonic filters, and other engineering goods.

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