Kundan Edifice (NSE:KEL) LT-Debt-to-Total-Asset : 0.18 (As of Mar. 2023)

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What is Kundan Edifice 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. Kundan Edifice's long-term debt to total assests ratio for the quarter that ended in Mar. 2023 was 0.18.

Kundan Edifice's long-term debt to total assets ratio declined from Mar. 2021 (0.33) to Mar. 2023 (0.18). It may suggest that Kundan Edifice is progressively becoming less dependent on debt to grow their business.

Kundan Edifice LT-Debt-to-Total-Asset Historical Data

The historical data trend for Kundan Edifice'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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Kundan Edifice LT-Debt-to-Total-Asset Chart

Kundan Edifice Annual Data

Trend

Mar21

Mar22

LT-Debt-to-Total-Asset

0.33

0.26

Kundan Edifice Semi-Annual Data
	Mar21	Mar22	Mar23
LT-Debt-to-Total-Asset	0.33	0.26	0.18

Kundan Edifice LT-Debt-to-Total-Asset Calculation

Kundan Edifice's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Mar. 2022 is calculated as

LT Debt to Total Assets (A: Mar. 2022 )	=	Long-Term Debt & Capital Lease Obligation (A: Mar. 2022 )	/	Total Assets (A: Mar. 2022 )
	=	49.257	/	192.814
	=	0.26

Kundan Edifice'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 )
	=	54.629	/	296.584
	=	0.18

Kundan Edifice (NSE:KEL) 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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Kundan Edifice (NSE:KEL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Kundan Edifice Ltd (NSE:KEL) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

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Address

Gala A/ B, Ganesh Industrial Estate, behind Burma Shell Petrol Pump, Vasai East, Palghar, MH, IND, 401208

Website

https://www.kundanedifice.com

Kundan Edifice Ltd is a Company engaged in manufacturing, assembly and sale of light emitting diode (LED) strip lights. They provide lighting solutions to some of the key electrical and electronic manufacturing brands in India. The Company has one reportable segment which is business of Manufacture & Selling LED Strip Lights.

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