Nitiraj Engineers (NSE:NITIRAJ) LT-Debt-to-Total-Asset : 0.00 (As of Sep. 2024)

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

Nitiraj Engineers's long-term debt to total assets ratio increased from Sep. 2023 (0.00) to Sep. 2024 (0.00). It may suggest that Nitiraj Engineers is progressively becoming more dependent on debt to grow their business.

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

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

Nitiraj Engineers Annual Data

Trend

Mar15

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Mar17

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Mar24

LT-Debt-to-Total-Asset

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0.01

Nitiraj Engineers Quarterly Data
	Sep19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															-	-	-	-	-

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

Nitiraj 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 )
	=	1.171	/	905.181
	=	0.00

Nitiraj Engineers'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 )
	=	1.097	/	870.188
	=	0.00

Nitiraj Engineers (NSE:NITIRAJ) 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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Nitiraj Engineers Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Nitiraj Engineers Ltd (NSE:NITIRAJ) » Definitions » LT-Debt-to-Total-Asset

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Address

Plot NO J25, J26,MIDC Awadhan, Dhule, MH, IND, 424006

Website

https://www.nitiraj.net

Nitiraj Engineers Ltd offers measure and counting devices in India. It operates in five broad segments i.e., Electronic Weighing Scales and Systems, Electronic Currency Counting Machines, and Digital Fare Meters, Home and Hotel Automation, and Mechanical Scales. The company generates maximum revenue from the Electronic Weighing Scales and Systems segment. Its diverse product portfolio caters to various sectors such as industrial, commercial, jewellery, healthcare, household, automobile, and home and hotel. Geographically it derives a majority of its revenue from India.

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