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Micropro Software Solutions (NSE:MICROPRO) LT-Debt-to-Total-Asset : 0.06 (As of Mar. 2023)


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What is Micropro Software Solutions 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. Micropro Software Solutions's long-term debt to total assests ratio for the quarter that ended in Mar. 2023 was 0.06.

Micropro Software Solutions's long-term debt to total assets ratio declined from Mar. 2021 (0.08) to Mar. 2023 (0.06). It may suggest that Micropro Software Solutions is progressively becoming less dependent on debt to grow their business.

Micropro Software Solutions LT-Debt-to-Total-Asset Historical Data

The historical data trend for Micropro Software Solutions'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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Micropro Software Solutions LT-Debt-to-Total-Asset Chart

Micropro Software Solutions Annual Data
Trend Mar21 Mar22 Mar23
LT-Debt-to-Total-Asset
0.08 0.13 0.06

Micropro Software Solutions Semi-Annual Data
Mar21 Mar22 Mar23
LT-Debt-to-Total-Asset 0.08 0.13 0.06

Micropro Software Solutions LT-Debt-to-Total-Asset Calculation

Micropro Software Solutions'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 )
=14.797/255.957
=0.06

Micropro Software Solutions'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 )
=14.797/255.957
=0.06

* 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.

Micropro Software Solutions  (NSE:MICROPRO) 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.

Micropro Software Solutions LT-Debt-to-Total-Asset Related Terms

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Micropro Software Solutions (NSE:MICROPRO) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » Micropro Software Solutions Ltd (NSE:MICROPRO) » Definitions » LT-Debt-to-Total-Asset
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Address
Gayatri Nagar Road, Plot NO. 28, 102 Wing A, 7th Floor, VIPL IT Park Building, Nagpur, MH, IND, 440022
Website
https://www.microproindia.com
Micropro Software Solutions Ltd is engaged in the business of providing software development, maintenance services as well as trading of hardware and software products. The company provides consulting along with technical services and IT solutions to its clients across different industries. The services offered by the company include IT Infrastructure Management, Manpower Services, Network and Security Services among others. It also offers software products such as HospyCare, OpenSys-Logix, OpenSys MicroBooks and others.

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