TAC Infosec (NSE:TAC) LT-Debt-to-Total-Asset : 0.01 (As of Sep. 2023)

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What is TAC Infosec 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. TAC Infosec's long-term debt to total assests ratio for the quarter that ended in Sep. 2023 was 0.01.

TAC Infosec's long-term debt to total assets ratio declined from Mar. 2022 (0.07) to Sep. 2023 (0.01). It may suggest that TAC Infosec is progressively becoming less dependent on debt to grow their business.

TAC Infosec LT-Debt-to-Total-Asset Historical Data

The historical data trend for TAC Infosec'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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TAC Infosec LT-Debt-to-Total-Asset Chart

TAC Infosec Annual Data

Trend

Mar21

Mar22

Mar23

LT-Debt-to-Total-Asset

0.04

0.07

0.02

TAC Infosec Semi-Annual Data
	Mar21	Mar22	Mar23	Sep23
LT-Debt-to-Total-Asset	0.04	0.07	0.02	0.01

TAC Infosec LT-Debt-to-Total-Asset Calculation

TAC Infosec'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 )
	=	1.619	/	97.765
	=	0.02

TAC Infosec's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2023 is calculated as

LT Debt to Total Assets (Q: Sep. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2023 )	/	Total Assets (Q: Sep. 2023 )
	=	0.79	/	121.302
	=	0.01

TAC Infosec (NSE:TAC) 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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TAC Infosec Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » TAC Infosec Ltd (NSE:TAC) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

CST Road, 91 Springboard, Kagalwala House, 01st Floor, C Block, 175, CST Road, Kalina, Santacruz East, Mumbai, MH, IND, 400098

Website

https://www.tacsecurity.com

TAC Infosec Ltd is engaged in the business of providing risk-based vulnerability management and assessment solutions, cybersecurity quantification, and services of Penetration testing to organizations of any scale, size, and business through the SaaS model. It offers security software products and solutions both in India and internationally. and its end customers are Banks and Financial Institutions, government regulatory bodies and departments, and large-scale enterprises (including business offices) like HDFC, Bandhan Bank, BSE, etc. Its flagship software product is ESOF (Enterprise Security in One Framework) which is a vulnerability management platform consisting of various product portfolios namely ESOF Appsec, ESOF VMP, ESOF VACA, ESOF PCI ASV, and ESOF CRQ.