Trust Fintech (NSE:TRUST) LT-Debt-to-Total-Asset : 0.00 (As of Sep. 2023)

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What is Trust Fintech 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. Trust Fintech's long-term debt to total assests ratio for the quarter that ended in Sep. 2023 was 0.00.

Trust Fintech's long-term debt to total assets ratio declined from Mar. 2022 (0.07) to Sep. 2023 (0.00). It may suggest that Trust Fintech is progressively becoming less dependent on debt to grow their business.

Trust Fintech LT-Debt-to-Total-Asset Historical Data

The historical data trend for Trust Fintech'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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Trust Fintech LT-Debt-to-Total-Asset Chart

Trust Fintech Annual Data

Trend

Mar21

Mar22

Mar23

LT-Debt-to-Total-Asset

0.07

Trust Fintech Semi-Annual Data
	Mar21	Mar22	Mar23	Sep23
LT-Debt-to-Total-Asset	-	0.07	-	-

Trust Fintech LT-Debt-to-Total-Asset Calculation

Trust Fintech'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 )
	=	0	/	311.889
	=	0.00

Trust Fintech'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	/	398.943
	=	0.00

Trust Fintech (NSE:TRUST) 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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Trust Fintech Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

Gayatri Nagar Parsodi, Plot No. 11/4, I.T. Park, Nagpur, MH, IND, 440022

Website

https://www.softtrust.com

Trust Fintech Ltd is engaged in software development services and software solutions. The company delivers Software Solutions and Services across Banking, ERP Implementation, Customized Software Development, SAP B1, and Offshore IT Services. Its products are TrustBankCBS, MicroFinS, Loan Origination, GST Software, ERP Products, Fintech API, Digital Interface, Mobility Apps, BFSI Statutory Reports (ADF), Universal Digital Reconciliation, and others.

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