Harsha Engineers International (NSE:HARSHA) LT-Debt-to-Total-Asset : 0.01 (As of Sep. 2024)

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What is Harsha Engineers International 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. Harsha Engineers International's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.01.

Harsha Engineers International's long-term debt to total assets ratio increased from Sep. 2023 (0.01) to Sep. 2024 (0.01). It may suggest that Harsha Engineers International is progressively becoming more dependent on debt to grow their business.

Harsha Engineers International LT-Debt-to-Total-Asset Historical Data

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

Harsha Engineers International Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

0.14

0.11

0.12

0.01

Harsha Engineers International Quarterly Data
	Mar20	Mar21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial										0.01	-	-	-	0.01

Harsha Engineers International LT-Debt-to-Total-Asset Calculation

Harsha Engineers International'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 )
	=	62.6	/	15666
	=	0.00

Harsha Engineers International'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 )
	=	234.6	/	16232.3
	=	0.01

Harsha Engineers International (NSE:HARSHA) 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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Harsha Engineers International Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

543600:India

Address

NH – 8A,Sarkhej-Bavla Highway, Changodar, Ahmedabad, GJ, IND, 382213

Website

https://www.harshaengineers.com

Harsha Engineers International Ltd is a manufacturer of precision bearing cages. The company supplies its products to customers covering five continents such as North America, Europe, Asia, South America, and Africa. It comprises two segments: Engineering business, under which the company manufactures bearing cages (in brass, steel, and polyamide materials), complex and specialized precision stamped components, welded assemblies and brass castings and cages & bronze bushings: and Solar EPC business, under which the company provide complete comprehensive turnkey solutions to all solar photovoltaic requirements and provides operations and maintenance services in the solar sector.

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