Slone Infosystems (NSE:SLONE) LT-Debt-to-Total-Asset : 0.00 (As of Sep. 2024)

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What is Slone Infosystems 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. Slone Infosystems's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.00.

Slone Infosystems's long-term debt to total assets ratio declined from Mar. 2023 (0.23) to Sep. 2024 (0.00). It may suggest that Slone Infosystems is progressively becoming less dependent on debt to grow their business.

Slone Infosystems LT-Debt-to-Total-Asset Historical Data

The historical data trend for Slone Infosystems'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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Slone Infosystems LT-Debt-to-Total-Asset Chart

Slone Infosystems Annual Data

Trend

Mar21

Mar22

Mar23

LT-Debt-to-Total-Asset

0.49

0.41

0.23

Slone Infosystems Semi-Annual Data
	Mar21	Mar22	Mar23	Sep23	Sep24
LT-Debt-to-Total-Asset	0.49	0.41	0.23	-	-

Slone Infosystems LT-Debt-to-Total-Asset Calculation

Slone Infosystems'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 )
	=	27.403	/	119.071
	=	0.23

Slone Infosystems'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 )
	=	0	/	1024.435
	=	0.00

Slone Infosystems (NSE:SLONE) 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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Slone Infosystems Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Slone Infosystems Ltd (NSE:SLONE) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

5th Road Khar West, Ground Floor, Mohini Heights CHS LTD, Behind Rajasthan Hotel, Khar Delivery, Mumbai, MH, IND, 400052

Website

https://www.sloneinfosystems.com

Slone Infosystems Ltd is an IT hardware solutions company based in India. The company is involved in the sale and rental of IT equipment such as laptops, desktops, servers, and workstations. Additionally, the company offers IT service solutions including managing cloud servers and servicing IT equipment for corporate clients.

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