Resourceful Automobile (BOM:544236) LT-Debt-to-Total-Asset : 0.67 (As of Mar. 2023)

View and export this data going back to 2024. Start your Free Trial

What is Resourceful Automobile 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. Resourceful Automobile's long-term debt to total assests ratio for the quarter that ended in Mar. 2023 was 0.67.

Resourceful Automobile's long-term debt to total assets ratio increased from Mar. 2021 (0.28) to Mar. 2023 (0.67). It may suggest that Resourceful Automobile is progressively becoming more dependent on debt to grow their business.

Resourceful Automobile LT-Debt-to-Total-Asset Historical Data

The historical data trend for Resourceful Automobile'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.

* Premium members only.

Resourceful Automobile LT-Debt-to-Total-Asset Chart

Resourceful Automobile Annual Data

Trend

Mar21

Mar22

Mar23

LT-Debt-to-Total-Asset

0.28

0.52

0.67

Resourceful Automobile Semi-Annual Data
	Mar21	Mar22	Mar23
LT-Debt-to-Total-Asset	0.28	0.52	0.67

Resourceful Automobile LT-Debt-to-Total-Asset Calculation

Resourceful Automobile's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Mar. 2023 is calculated as

LT Debt to Total Assets (A: Mar. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Mar. 2023 )	/	Total Assets (A: Mar. 2023 )
	=	66.82	/	100.049
	=	0.67

Resourceful Automobile's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2023 is calculated as

LT Debt to Total Assets (Q: Mar. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2023 )	/	Total Assets (Q: Mar. 2023 )
	=	66.82	/	100.049
	=	0.67

Resourceful Automobile (BOM:544236) 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.

Resourceful Automobile LT-Debt-to-Total-Asset Related Terms

Thank you for viewing the detailed overview of Resourceful Automobile's LT-Debt-to-Total-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

Resourceful Automobile Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Resourceful Automobile Ltd (BOM:544236) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

KH No. 107/10 Main Road, K-24, Upper Ground, Raja puri, West Delhi, New Delhi, IND, 110059

Website

https://www.sawhneyauto.com

Resourceful Automobile Ltd is engaged in the dealership of two-wheeler bike of Yamaha, operating under the showroom name Sawhney Automobile. It is also involved in the sales and servicing of motorcycles and scooters.

Resourceful Automobile Headlines

No Headlines