Rudra Gas Enterprise (BOM:544121) LT-Debt-to-Total-Asset : 0.04 (As of Sep. 2024)

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What is Rudra Gas Enterprise 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. Rudra Gas Enterprise's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.04.

Rudra Gas Enterprise's long-term debt to total assets ratio increased from Sep. 2023 (0.00) to Sep. 2024 (0.04). It may suggest that Rudra Gas Enterprise is progressively becoming more dependent on debt to grow their business.

Rudra Gas Enterprise LT-Debt-to-Total-Asset Historical Data

The historical data trend for Rudra Gas Enterprise'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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Rudra Gas Enterprise LT-Debt-to-Total-Asset Chart

Rudra Gas Enterprise Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

0.26

0.18

0.12

0.06

Rudra Gas Enterprise Semi-Annual Data
	Mar21	Mar22	Mar23	Sep23	Mar24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial			0.18	0.12	-	0.06	0.04

Rudra Gas Enterprise LT-Debt-to-Total-Asset Calculation

Rudra Gas Enterprise'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 )
	=	36.102	/	576.819
	=	0.06

Rudra Gas Enterprise'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 )
	=	25.337	/	628.84
	=	0.04

Rudra Gas Enterprise (BOM:544121) 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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Rudra Gas Enterprise Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Rudra Gas Enterprise Ltd (BOM:544121) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Science City Road, B-702, The Capital Building, Opposite Hetarth Party Plot, Sola, Ahmedabad, GJ, IND, 380060

Website

https://www.rudragasenterprise.com

Rudra Gas Enterprise Ltd is engaged in various facets of the infrastructure sector. It is mainly engaged in gas distribution network projects, fiber cable networks, and renting of construction machinery and vehicles, and provides end-to-end solutions for the city gas distribution sector. City gas distribution business comprises of laying of pipelines for the distribution of the city gas network and construction of associated facilities like CNG (Compressed Natural Gas) stations, erection, installation, testing, and commissioning of the underground pipelines, maintenance, and repair facilities and cater domestic household use; commercial use such as manufacturing industry, power generation, hotels, hospitals, restaurant and offices; and transport sector use in vehicles.

Rudra Gas Enterprise Headlines

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