Anand Rathi Wealth (BOM:543415) LT-Debt-to-Total-Asset : 0.04 (As of Mar. 2024)

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What is Anand Rathi Wealth 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. Anand Rathi Wealth's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.04.

Anand Rathi Wealth's long-term debt to total assets ratio increased from Mar. 2023 (0.04) to Mar. 2024 (0.04). It may suggest that Anand Rathi Wealth is progressively becoming more dependent on debt to grow their business.

Anand Rathi Wealth LT-Debt-to-Total-Asset Historical Data

The historical data trend for Anand Rathi Wealth'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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Anand Rathi Wealth LT-Debt-to-Total-Asset Chart

Anand Rathi Wealth Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.12

0.09

0.05

0.04

Anand Rathi Wealth Quarterly Data
	Mar19	Mar20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial											0.04	-	0.04	-	0.04

Anand Rathi Wealth LT-Debt-to-Total-Asset Calculation

Anand Rathi Wealth'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 )
	=	348.136	/	8797.352
	=	0.04

Anand Rathi Wealth'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 )
	=	348.136	/	8797.352
	=	0.04

Anand Rathi Wealth (BOM:543415) 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.

Anand Rathi Wealth LT-Debt-to-Total-Asset Related Terms

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Anand Rathi Wealth (BOM:543415) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Anand Rathi Wealth Ltd (BOM:543415) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

ANANDRATHI:India

Address

Senapati Bapat Marg, Trade Link, 2nd and 3rd Floor, E Wing, B and C Block, Kamla Mill Compound, Lower Parel, Mumbai, MH, IND, 400 013

Website

https://www.rathi.com

Anand Rathi Wealth Ltd is a non-bank wealth solutions firm. The company offers a wide product portfolio of wealth solutions, financial product distribution, and technology solutions to its clients.

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