Macobs Technologies (NSE:MACOBSTECH) LT-Debt-to-Total-Asset : 0.04 (As of Mar. 2024)

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What is Macobs Technologies 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. Macobs Technologies's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.04.

Macobs Technologies's long-term debt to total assets ratio increased from Mar. 2023 (0.02) to Mar. 2024 (0.04). It may suggest that Macobs Technologies is progressively becoming more dependent on debt to grow their business.

Macobs Technologies LT-Debt-to-Total-Asset Historical Data

The historical data trend for Macobs Technologies'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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Macobs Technologies LT-Debt-to-Total-Asset Chart

Macobs Technologies Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

0.08

0.02

0.04

Macobs Technologies Semi-Annual Data
	Mar21	Mar22	Mar23	Sep23	Mar24
LT-Debt-to-Total-Asset	-	0.08	0.02	0.02	0.04

Macobs Technologies LT-Debt-to-Total-Asset Calculation

Macobs Technologies'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 )
	=	6.152	/	144.344
	=	0.04

Macobs Technologies'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 )
	=	6.152	/	144.344
	=	0.04

Macobs Technologies (NSE:MACOBSTECH) 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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Macobs Technologies Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Macobs Technologies Ltd (NSE:MACOBSTECH) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Plot No. A-305, Backside National Handloom Corporation, Vaishali Nagar, Jaipur, RJ, IND, 302021

Website

https://www.macobstech.com

Macobs Technologies Ltd operates within the male grooming industry. It offer products specifically designed for men's grooming needs, encompassing tools like specialized trimmers for sensitive areas, hygiene products tailored for male skin, and a variety of self-care items. It sells its product through e-commerce channels.

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