Richa Info Systems (NSE:RICHASMN) LT-Debt-to-Total-Asset : 0.26 (As of Mar. 2023)

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What is Richa Info Systems 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. Richa Info Systems's long-term debt to total assests ratio for the quarter that ended in Mar. 2023 was 0.26.

Richa Info Systems's long-term debt to total assets ratio declined from Mar. 2022 (0.29) to Mar. 2023 (0.26). It may suggest that Richa Info Systems is progressively becoming less dependent on debt to grow their business.

Richa Info Systems LT-Debt-to-Total-Asset Historical Data

The historical data trend for Richa Info Systems'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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Richa Info Systems LT-Debt-to-Total-Asset Chart

Richa Info Systems Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

LT-Debt-to-Total-Asset

0.34

0.18

0.22

0.29

0.26

Richa Info Systems Semi-Annual Data
	Mar19	Mar20	Mar21	Sep21	Mar22	Sep22	Mar23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial			0.22	-	0.29	0.32	0.26

Richa Info Systems LT-Debt-to-Total-Asset Calculation

Richa Info Systems'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 )
	=	84.93	/	323.636
	=	0.26

Richa Info Systems'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 )
	=	84.93	/	323.636
	=	0.26

Richa Info Systems (NSE:RICHASMN) 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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Richa Info Systems (NSE:RICHASMN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Richa Info Systems Ltd (NSE:RICHASMN) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Opposite Copper Stone, Thaltej-Shilaj Road, Corporate House No. 17, Times Corporate Park, Thaltej, Ahmedabad, GJ, IND, 380059

Website

https://www.richainfosys.com

Richa Info Systems Ltd is engaged in the business of assembling innovative products and systems. It is an innovative company in the field of Education Technology, Collaborative Conferencing and Professional Displays, Security and Surveillance, and Interactive Flat Panels. The majority of revenue is derived from the Interactive Flat panel.

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