Sancode Technologies (BOM:543897) LT-Debt-to-Total-Asset : 0.16 (As of Mar. 2024)

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What is Sancode Technologies 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. Sancode Technologies's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.16.

Sancode Technologies's long-term debt to total assets ratio increased from Mar. 2023 (0.00) to Mar. 2024 (0.16). It may suggest that Sancode Technologies is progressively becoming more dependent on debt to grow their business.

Sancode Technologies LT-Debt-to-Total-Asset Historical Data

The historical data trend for Sancode Technologies'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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Sancode Technologies LT-Debt-to-Total-Asset Chart

Sancode Technologies Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

0.20

0.02

0.16

Sancode Technologies Semi-Annual Data
	Mar20	Mar21	Mar22	Sep22	Mar23	Sep23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial			0.02	0.01	-	0.01	0.16

Sancode Technologies LT-Debt-to-Total-Asset Calculation

Sancode Technologies'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 )
	=	13.814	/	86.704
	=	0.16

Sancode Technologies'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 )
	=	13.814	/	86.704
	=	0.16

Sancode Technologies (BOM:543897) 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.

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Sancode Technologies (BOM:543897) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Sancode Technologies Ltd (BOM:543897) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

B.M. Road, Opposite Elphinstone Station, 107, Prime Plaza, J.V. Patel Compound, Mumbai, MH, IND, 400013

Website

https://www.sancodetech.com

Sancode Technologies Ltd provides management consultancy services and ancillary services to startups and other entities. The firm's entire business falls under one segment namely Management consultancy services. It engages in software and product Digital transformation. Workflow automation., Artificial intelligence (AI), and Machine learning (ML). Robotic Process Automation (RPA) and Data Analytics, Metaverse, Web3 applications, and System Integration. development offering an API-enabled platform and solutions that enable organizations to adopt powerful technology applications addressing their strategic business needs rapidly.

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