Diffusion Engineers (NSE:DIFFNKG) LT-Debt-to-Total-Asset : 0.00 (As of Mar. 2024)

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What is Diffusion Engineers 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. Diffusion Engineers's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.00.

Diffusion Engineers's long-term debt to total assets ratio declined from Mar. 2022 (0.02) to Mar. 2024 (0.00). It may suggest that Diffusion Engineers is progressively becoming less dependent on debt to grow their business.

Diffusion Engineers LT-Debt-to-Total-Asset Historical Data

The historical data trend for Diffusion Engineers'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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Diffusion Engineers LT-Debt-to-Total-Asset Chart

Diffusion Engineers Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

0.04

0.02

0.01

Diffusion Engineers Semi-Annual Data
	Mar21	Mar22	Mar23	Mar24
LT-Debt-to-Total-Asset	0.04	0.02	0.01	-

Diffusion Engineers LT-Debt-to-Total-Asset Calculation

Diffusion Engineers'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 )
	=	0	/	2755.85
	=	0.00

Diffusion Engineers'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 )
	=	0	/	2755.85
	=	0.00

Diffusion Engineers (NSE:DIFFNKG) 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.

Diffusion Engineers LT-Debt-to-Total-Asset Related Terms

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Diffusion Engineers Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Diffusion Engineers Ltd (NSE:DIFFNKG) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

544264:India

Address

Nagpur Industrial Area, T-5 & 6, MIDC, Hingna, Nagpur, MH, IND, 440016

Website

https://www.diffusionengineers.com

Diffusion Engineers Ltd is engaged in the business of manufacturing welding consumables, wear plates and wear parts and heavy engineering machinery for core industries. Additionally, it is also involved in the trading of anti-wear powders and welding and cutting machinery. The company provides a super conditioning process at its manufacturing facilities, a surface treatment solution for machine components that enhances wear resistance, eliminates stress and improves their repairability ultimately extending their lifespan.

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