Transteel Seating Technologies (NSE:TRANSTEEL) LT-Debt-to-Total-Asset : 0.07 (As of Mar. 2024)

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What is Transteel Seating Technologies 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. Transteel Seating Technologies's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.07.

Transteel Seating Technologies's long-term debt to total assets ratio declined from Mar. 2023 (0.19) to Mar. 2024 (0.07). It may suggest that Transteel Seating Technologies is progressively becoming less dependent on debt to grow their business.

Transteel Seating Technologies LT-Debt-to-Total-Asset Historical Data

The historical data trend for Transteel Seating Technologies'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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Transteel Seating Technologies LT-Debt-to-Total-Asset Chart

Transteel Seating Technologies Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

0.07

0.10

0.19

0.07

Transteel Seating Technologies Semi-Annual Data
	Mar21	Mar22	Mar23	Sep23	Mar24
LT-Debt-to-Total-Asset	0.07	0.10	0.19	0.20	0.07

Transteel Seating Technologies LT-Debt-to-Total-Asset Calculation

Transteel Seating Technologies'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 )
	=	95.008	/	1422.7
	=	0.07

Transteel Seating Technologies'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 )
	=	95.008	/	1422.7
	=	0.07

Transteel Seating Technologies (NSE:TRANSTEEL) 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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Transteel Seating Technologies Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Transteel Seating Technologies Ltd (NSE:TRANSTEEL) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

No. 28, 4th Main, `b, Yeshwanthpur, Bangalore, KA, IND, 560022

Website

https://www.transteel.com

Transteel Seating Technologies Ltd is a furniture providing company in which has developed the skill and expertise in making chairs, office furniture and other residential and commercial furniture. Their products are ready to use and provide space management and are targeted to clients in Education, healthcare, hospitality, banking, insurance and Info Tech companies.

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