Rane Holdings (NSE:RANEHOLDIN) LT-Debt-to-Total-Asset : 0.09 (As of Sep. 2024)

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What is Rane Holdings 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. Rane Holdings's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.09.

Rane Holdings's long-term debt to total assets ratio declined from Sep. 2023 (0.14) to Sep. 2024 (0.09). It may suggest that Rane Holdings is progressively becoming less dependent on debt to grow their business.

Rane Holdings LT-Debt-to-Total-Asset Historical Data

The historical data trend for Rane Holdings'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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Rane Holdings LT-Debt-to-Total-Asset Chart

Rane Holdings Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.12

0.14

0.13

Rane Holdings Quarterly Data
	Dec19	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															0.14	-	0.13	-	0.09

Rane Holdings LT-Debt-to-Total-Asset Calculation

Rane Holdings'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 )
	=	3301.2	/	26464.1
	=	0.12

Rane Holdings'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 )
	=	3246.5	/	34409.7
	=	0.09

Rane Holdings (NSE:RANEHOLDIN) 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.

Rane Holdings LT-Debt-to-Total-Asset Related Terms

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Rane Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Rane Holdings Ltd (NSE:RANEHOLDIN) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

505800:India

Address

Maithri 132, Cathedral Road, Chennai, TN, IND, 600 086

Website

https://www.ranegroup.com

Rane Holdings Ltd is engaged in the manufacturing and marketing of automotive components for the transportation industry. It also provides consultancy and other services to the Group. The group supplies to various sections of the automobile industry including passenger vehicles, commercial vehicles, farm tractors, two-wheelers, three-wheelers, railways, and stationary engines. Steering and suspension systems, Friction material components, Valve train components, Occupant safety systems, Aluminium diecast components, and others are the products offered by the company. It derives revenue from India and the Rest of the world, of which key revenue is generated with in India.

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