Quicktouch Technologies (NSE:QUICKTOUCH) LT-Debt-to-Total-Asset : 0.03 (As of Mar. 2024)

View and export this data going back to 2023. Start your Free Trial

What is Quicktouch 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. Quicktouch Technologies's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.03.

Quicktouch Technologies's long-term debt to total assets ratio declined from Mar. 2022 (0.03) to Mar. 2024 (0.03). It may suggest that Quicktouch Technologies is progressively becoming less dependent on debt to grow their business.

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

The historical data trend for Quicktouch 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.

* Premium members only.

Quicktouch Technologies LT-Debt-to-Total-Asset Chart

Quicktouch Technologies Annual Data

Trend

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

Get a 7-Day Free Trial

0.14

0.17

0.03

Quicktouch Technologies Semi-Annual Data
	Mar18	Mar19	Mar20	Mar21	Mar22	Mar23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial			0.14	0.17	0.03	0.03	0.03

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

Quicktouch 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 )
	=	29.812	/	1165.05
	=	0.03

Quicktouch 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 )
	=	29.812	/	1165.05
	=	0.03

Quicktouch Technologies (NSE:QUICKTOUCH) 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.

Quicktouch Technologies LT-Debt-to-Total-Asset Related Terms

Thank you for viewing the detailed overview of Quicktouch Technologies's LT-Debt-to-Total-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

Quicktouch Technologies Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Quicktouch Technologies Ltd (NSE:QUICKTOUCH) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Netaji Subhash Place, Office No. 203, 2nd Floor, D-Mall, Pitampura, Delhi, IND, 110034

Website

https://www.quicktouch.co.in

Quicktouch Technologies Ltd is an information technology company. The company is in the business of Software IT solutions and Consulting Services, IT Product/Software Development and Software Commercial Training, and Web designing. The company offers Experience Designing, Software Engineering, Content Engineering, Digital Accelerators, Data & Analytics, Data Management & Cloud Adoption.

Quicktouch Technologies Headlines

No Headlines