Veritaas Advertising (NSE:VERITAAS) LT-Debt-to-Total-Asset : 0.05 (As of Sep. 2024)

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

Veritaas Advertising's long-term debt to total assets ratio declined from Mar. 2023 (0.08) to Sep. 2024 (0.05). It may suggest that Veritaas Advertising is progressively becoming less dependent on debt to grow their business.

Veritaas Advertising LT-Debt-to-Total-Asset Historical Data

The historical data trend for Veritaas Advertising'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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Veritaas Advertising LT-Debt-to-Total-Asset Chart

Veritaas Advertising Annual Data

Trend

Mar21

Mar22

Mar23

LT-Debt-to-Total-Asset

0.04

0.08

Veritaas Advertising Semi-Annual Data
	Mar21	Mar22	Mar23	Sep23	Sep24
LT-Debt-to-Total-Asset	-	0.04	0.08	-	0.05

Veritaas Advertising LT-Debt-to-Total-Asset Calculation

Veritaas Advertising'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 )
	=	4.407	/	53.058
	=	0.08

Veritaas Advertising'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 )
	=	8.699	/	193.793
	=	0.04

Veritaas Advertising (NSE:VERITAAS) 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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Veritaas Advertising Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Veritaas Advertising Ltd (NSE:VERITAAS) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Gariahat South Road, 38/2A, Dhakuria, Rash Behari Avenue, Kolkata, WB, IND, 700029

Website

https://www.veritaasadvertising.com

Veritaas Advertising Ltd is an integrated advertising agency offering 360-degree services across multiple platforms. It operate/advertise in police booths and outdoor hoardings and offer marketing and advertising services through the following platforms OOH, Transit Media and Events. It provide high-end ecosystem and end-to-end advertising solutions platform for advertising media services consisting of Brand Strategy, Events, Outdoor (OOH) Media services which covers advertisement modes such as police booth hoardings, Newspapers insertions, Brochures, and display of Outdoor Hoardings, etc.

Veritaas Advertising Headlines

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