Techera Engineering (India) (NSE:TECHERA) LT-Debt-to-Total-Asset : 0.15 (As of Mar. 2024)

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What is Techera Engineering (India) 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. Techera Engineering (India)'s long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.15.

Techera Engineering (India)'s long-term debt to total assets ratio declined from Mar. 2022 (0.27) to Mar. 2024 (0.15). It may suggest that Techera Engineering (India) is progressively becoming less dependent on debt to grow their business.

Techera Engineering (India) LT-Debt-to-Total-Asset Historical Data

The historical data trend for Techera Engineering (India)'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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Techera Engineering (India) LT-Debt-to-Total-Asset Chart

Techera Engineering (India) Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

0.32

0.27

0.14

0.15

Techera Engineering (India) Semi-Annual Data
	Mar21	Mar22	Mar23	Mar24
LT-Debt-to-Total-Asset	0.32	0.27	0.14	0.15

Techera Engineering (India) LT-Debt-to-Total-Asset Calculation

Techera Engineering (India)'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 )
	=	55.384	/	372.387
	=	0.15

Techera Engineering (India)'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 )
	=	55.384	/	372.387
	=	0.15

Techera Engineering (India) (NSE:TECHERA) 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.

Techera Engineering (India) LT-Debt-to-Total-Asset Related Terms

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Techera Engineering (India) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Techera Engineering (India) Ltd (NSE:TECHERA) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

N/A

Address

Gat No. 565, Behind Namo Marble & Timbers At Post Velu, Taluka Bho, Pune, MH, IND, 412205

Website

https://www.techera.co.in

Techera Engineering (India) Ltd is engages in the design, manufacture, and supply of precision tooling, components for the aerospace and defense industries, and automation system solutions. Its product portfolio includes assembly toolings, jigs, fixtures, maintenance, repair, and overhaul (MRO) toolings, ground support equipment, and precision machined components.

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