Teerth Gopicon (NSE:TGL) LT-Debt-to-Total-Asset : 0.05 (As of Sep. 2024)

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What is Teerth Gopicon 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. Teerth Gopicon's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.05.

Teerth Gopicon's long-term debt to total assets ratio declined from Sep. 2023 (0.05) to Sep. 2024 (0.05). It may suggest that Teerth Gopicon is progressively becoming less dependent on debt to grow their business.

Teerth Gopicon LT-Debt-to-Total-Asset Historical Data

The historical data trend for Teerth Gopicon'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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Teerth Gopicon LT-Debt-to-Total-Asset Chart

Teerth Gopicon Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

0.30

0.32

0.08

0.05

Teerth Gopicon Semi-Annual Data
	Mar21	Mar22	Mar23	Sep23	Mar24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial			0.32	0.08	0.05	0.05	0.05

Teerth Gopicon LT-Debt-to-Total-Asset Calculation

Teerth Gopicon'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 )
	=	72.9	/	1362.3
	=	0.05

Teerth Gopicon'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 )
	=	80.9	/	1749.2
	=	0.05

Teerth Gopicon (NSE:TGL) 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.

Teerth Gopicon LT-Debt-to-Total-Asset Related Terms

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Teerth Gopicon Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Teerth Gopicon Ltd (NSE:TGL) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

204 Amar Metro, Near BalniketanSangh Pagnis Paga, Pagnispaga, Indore, MP, IND, 452007

Website

https://www.teerthgopicon.com

Teerth Gopicon Ltd is engaged in engineering construction and development, mainly focusing on roads, sewerage, and water distribution projects in Madhya Pradesh. The company provides civil engineering projects such as building construction work, water supply, pipeline, sewerage network, sewerage treatment plant, nalla tapping work, reuse network, overhead tanks, GSR, Road work, Rejuvenation of Lake, etc. Its projects are MVS Sanaudha Saga, Ladies Hostel Karai, DB Project MP, and others.