Rockingdeals Circular Economy (NSE:ROCKINGDCE) LT-Debt-to-Total-Asset : 0.00 (As of Mar. 2024)

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What is Rockingdeals Circular Economy 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. Rockingdeals Circular Economy's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.00.

Rockingdeals Circular Economy's long-term debt to total assets ratio declined from Mar. 2022 (0.05) to Mar. 2024 (0.00). It may suggest that Rockingdeals Circular Economy is progressively becoming less dependent on debt to grow their business.

Rockingdeals Circular Economy LT-Debt-to-Total-Asset Historical Data

The historical data trend for Rockingdeals Circular Economy'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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Rockingdeals Circular Economy LT-Debt-to-Total-Asset Chart

Rockingdeals Circular Economy Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

0.04

0.05

0.03

Rockingdeals Circular Economy Semi-Annual Data
	Mar21	Mar22	Mar23	Mar24
LT-Debt-to-Total-Asset	0.04	0.05	0.03	-

Rockingdeals Circular Economy LT-Debt-to-Total-Asset Calculation

Rockingdeals Circular Economy'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 )
	=	0.607	/	401.367
	=	0.00

Rockingdeals Circular Economy'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 )
	=	0.607	/	401.367
	=	0.00

Rockingdeals Circular Economy (NSE:ROCKINGDCE) 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.

Rockingdeals Circular Economy LT-Debt-to-Total-Asset Related Terms

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Rockingdeals Circular Economy Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Rockingdeals Circular Economy Ltd (NSE:ROCKINGDCE) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Mile Stone, 12/3, NH 44, Mathura Road, Sector 37, Near Sarai Metro Station, Sarai Khawaja Village, Faridabad, HR, IND, 121003

Website

https://www.rockingdeals.in

Rockingdeals Circular Economy Ltd is engaged in bulk trading of excess inventory, open-boxed inventory, re-commerce products and refurbished products. These products range in several categories such as small home appliances, apparel, kitchenware and household, speaker & mobile accessories, large appliances, footwear, etc. These products are generally of various brands such as Samsung, Thomson, MI, LG, symphony, ZARA, Nike, Reebok, Campus, Sony, JBL, Boat, Gizmore, One Plus, etc.

Rockingdeals Circular Economy Headlines

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