Party Cruisers (NSE:PARTYCRUS) LT-Debt-to-Total-Asset : 0.01 (As of Mar. 2024)

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What is Party Cruisers 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. Party Cruisers's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.01.

Party Cruisers's long-term debt to total assets ratio declined from Mar. 2023 (0.01) to Mar. 2024 (0.01). It may suggest that Party Cruisers is progressively becoming less dependent on debt to grow their business.

Party Cruisers LT-Debt-to-Total-Asset Historical Data

The historical data trend for Party Cruisers'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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Party Cruisers LT-Debt-to-Total-Asset Chart

Party Cruisers Annual Data

Trend

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.01

Party Cruisers Semi-Annual Data
	Mar18	Mar19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial						-	0.01	0.01	0.01	0.01

Party Cruisers LT-Debt-to-Total-Asset Calculation

Party Cruisers'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 )
	=	3.429	/	388.133
	=	0.01

Party Cruisers'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 )
	=	3.429	/	388.133
	=	0.01

Party Cruisers (NSE:PARTYCRUS) 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.

Party Cruisers LT-Debt-to-Total-Asset Related Terms

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Party Cruisers Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Party Cruisers Ltd (NSE:PARTYCRUS) » Definitions » LT-Debt-to-Total-Asset

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Address

303/304/305 Simran Plaza, Khar 4th Road, Near Hotel Regal Enclave, Khar (West), Mumbai, MH, IND, 400 052

Website

https://www.partycruisersindia.com

Party Cruisers Ltd specializes in Wedding Management and Events Management Business. The Wedding management services range from pre-wedding, during the wedding and post-wedding events like in-house designing, designation wedding event decor and others; The Event services range from planning and marketing to production and decor and others.

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