Advait Infratech (BOM:543230) LT-Debt-to-Total-Asset : 0.05 (As of Mar. 2024)

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What is Advait Infratech 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. Advait Infratech's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.05.

Advait Infratech's long-term debt to total assets ratio declined from Mar. 2023 (0.09) to Mar. 2024 (0.05). It may suggest that Advait Infratech is progressively becoming less dependent on debt to grow their business.

Advait Infratech LT-Debt-to-Total-Asset Historical Data

The historical data trend for Advait Infratech'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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Advait Infratech LT-Debt-to-Total-Asset Chart

Advait Infratech Annual Data

Trend

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.12

0.07

0.08

0.09

0.05

Advait Infratech Semi-Annual Data
	Mar18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial							0.08	0.07	0.09	0.15	0.05

Advait Infratech LT-Debt-to-Total-Asset Calculation

Advait Infratech'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 )
	=	90.846	/	1991.389
	=	0.05

Advait Infratech'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 )
	=	90.846	/	1991.389
	=	0.05

Advait Infratech (BOM:543230) 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.

Advait Infratech LT-Debt-to-Total-Asset Related Terms

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Advait Infratech (BOM:543230) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Advait Infratech Ltd (BOM:543230) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Bopal-Ambli Road, Iscon Temple Cross Road, S.G Highway, A-801 to A-803, Sankalp Iconic Tower, Opposite Vikram Nagar, Bodakdev, Ahmedabad, GJ, IND, 380054

Website

https://www.advaitinfra.com

Advait Infratech Ltd is a supplier of the tools and equipment (Stringing Tools) for a construction of transmission line in India. It operates with various verticals such as Turnkey Telecommunication Projects, Installation of the Power Transmission, Sub Station and Telecom Products, Liasioning-marketing & providing end to end solutions for the overseas customers operating in the field Power Transmission and Sub Station, Trading of the similar products, and manufacturing through OEM of the stringing Tools. Its products and solutions offered are Optical Fibre Ground Wire and OFC cables and its solutions, Insulators for the Extra High Voltage Transmission Lines, Stringing Tools for construction of Transmission lines, Gas Insulators Sub Stations supply, Earthing Solutions.

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