Sungarner Energies (NSE:SEL) LT-Debt-to-Total-Asset : 0.01 (As of Mar. 2024)

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What is Sungarner Energies 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. Sungarner Energies's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.01.

Sungarner Energies's long-term debt to total assets ratio declined from Mar. 2022 (0.10) to Mar. 2024 (0.01). It may suggest that Sungarner Energies is progressively becoming less dependent on debt to grow their business.

Sungarner Energies LT-Debt-to-Total-Asset Historical Data

The historical data trend for Sungarner Energies'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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Sungarner Energies LT-Debt-to-Total-Asset Chart

Sungarner Energies Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

0.08

0.11

0.10

0.02

0.01

Sungarner Energies Semi-Annual Data
	Mar20	Mar21	Mar22	Mar23	Mar24
LT-Debt-to-Total-Asset	0.08	0.11	0.10	0.02	0.01

Sungarner Energies LT-Debt-to-Total-Asset Calculation

Sungarner Energies'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 )
	=	1.265	/	185.086
	=	0.01

Sungarner Energies'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 )
	=	1.265	/	185.086
	=	0.01

Sungarner Energies (NSE:SEL) 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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Sungarner Energies Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Sungarner Energies Ltd (NSE:SEL) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

Plot No. 113, Udyog Kendra-II, Sector Ecotech –III, Gautam Budh Nagar, Greater Noida, UP, IND, 201306

Website

https://www.sungarner.com

Sungarner Energies Ltd offers a wide range of power solutions. It is engaged in the manufacturing, design, and engineering of Power Equipments and Appliances such as Online UPS, Solar Inverters, EV Chargers, Storage Solutions (Lead Acid and Lithium-ion), Solar Equipment, and Installation and Commissioning of Solar Power Plants. The company provides these products and services to corporate houses/Channel Partners all over India and Abroad.

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