Zaggle Prepaid Ocean Services (BOM:543985) LT-Debt-to-Total-Asset : 0.02 (As of Sep. 2024)

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What is Zaggle Prepaid Ocean Services 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. Zaggle Prepaid Ocean Services's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.02.

Zaggle Prepaid Ocean Services's long-term debt to total assets ratio declined from Sep. 2023 (0.06) to Sep. 2024 (0.02). It may suggest that Zaggle Prepaid Ocean Services is progressively becoming less dependent on debt to grow their business.

Zaggle Prepaid Ocean Services LT-Debt-to-Total-Asset Historical Data

The historical data trend for Zaggle Prepaid Ocean Services'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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Zaggle Prepaid Ocean Services LT-Debt-to-Total-Asset Chart

Zaggle Prepaid Ocean Services Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

1.37

0.66

0.58

0.29

0.04

Zaggle Prepaid Ocean Services Quarterly Data
	Mar20	Mar21	Mar22	Jun22	Sep22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial							0.06	-	0.04	-	0.02

Zaggle Prepaid Ocean Services LT-Debt-to-Total-Asset Calculation

Zaggle Prepaid Ocean Services'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 )
	=	242.3	/	6961.36
	=	0.03

Zaggle Prepaid Ocean Services'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 )
	=	150.92	/	7537.01
	=	0.02

Zaggle Prepaid Ocean Services (BOM:543985) 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.

Zaggle Prepaid Ocean Services LT-Debt-to-Total-Asset Related Terms

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Zaggle Prepaid Ocean Services Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Zaggle Prepaid Ocean Services Ltd (BOM:543985) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

ZAGGLE:India

Address

C.T.S. No. 4A, Boomerang Building, Ground Floor, B-1004, Village Saki Naka, Taluka Kurla, Andheri (East), District Mumbai Suburban, Mumbai, MH, IND, 400072

Website

https://www.zaggle.in

Zaggle Prepaid Ocean Services Ltd is into spend management, with a differentiated value proposition and diversified user base. It offers a diversified portfolio of SaaS, including tax and payroll software. The company's core product portfolio includes; Propel, a SaaS platform for channel partner rewards and incentives, employee rewards and recognition; SAVE, a SaaS-based platform for employee expense management, reimbursements and benefits; and Zoyer, an integrated data driven SaaS-based procure-to-pay and utility payment platform. The company's operating segments are based on the nature of the products and services provided and include; Propel platform revenue/gift cards which derives maximum revenue, Platform fee/SaaS fee/Service fee, and Program fee.

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