Saakshi Medtech and Panels (NSE:SAAKSHI) LT-Debt-to-Total-Asset : 0.12 (As of Mar. 2024)

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What is Saakshi Medtech and Panels 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. Saakshi Medtech and Panels's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.12.

Saakshi Medtech and Panels's long-term debt to total assets ratio increased from Mar. 2022 (0.11) to Mar. 2024 (0.12). It may suggest that Saakshi Medtech and Panels is progressively becoming more dependent on debt to grow their business.

Saakshi Medtech and Panels LT-Debt-to-Total-Asset Historical Data

The historical data trend for Saakshi Medtech and Panels'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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Saakshi Medtech and Panels LT-Debt-to-Total-Asset Chart

Saakshi Medtech and Panels Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

0.16

0.14

0.11

0.08

0.12

Saakshi Medtech and Panels Semi-Annual Data
	Mar20	Mar21	Mar22	Mar23	Mar24
LT-Debt-to-Total-Asset	0.16	0.14	0.11	0.08	0.12

Saakshi Medtech and Panels LT-Debt-to-Total-Asset Calculation

Saakshi Medtech and Panels'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 )
	=	150.398	/	1306.752
	=	0.12

Saakshi Medtech and Panels'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 )
	=	150.398	/	1306.752
	=	0.12

Saakshi Medtech and Panels (NSE:SAAKSHI) 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.

Saakshi Medtech and Panels LT-Debt-to-Total-Asset Related Terms

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Saakshi Medtech and Panels Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Saakshi Medtech and Panels Ltd (NSE:SAAKSHI) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

Plot No. EL-23, J Block, MIDC Industrial Area, Bhosari, Pune, MH, IND, 411026

Website

https://www.smtpl.co

Saakshi Medtech and Panels Ltd is a diversified company engaged in manufacturing of Electrical Control Panels and Cabinets used in elevators, air compressors, renewal energy industry, oil & gas exploration industry, electrical vehicle charging stations etc, Medical X Ray System used in healthcare industry, Fabrication works for locomotives and wire harness division for their captive consumption in electrical control panels and for supply to air compressor industry. Their comprehensive solutions include design, process engineering and manufacturing including fabrication, assembly and testing facilities. It designs, programs and assembles Electrical Control Panels and Cabinets comprising of micro controller, programmable logic controllers and SCADA system.

Saakshi Medtech and Panels Headlines

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