Vinsys IT Services India (NSE:VINSYS) LT-Debt-to-Total-Asset : 0.11 (As of Mar. 2024)

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What is Vinsys IT Services 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. Vinsys IT Services India's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.11.

Vinsys IT Services India's long-term debt to total assets ratio declined from Mar. 2023 (0.25) to Mar. 2024 (0.11). It may suggest that Vinsys IT Services India is progressively becoming less dependent on debt to grow their business.

Vinsys IT Services India LT-Debt-to-Total-Asset Historical Data

The historical data trend for Vinsys IT Services 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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Vinsys IT Services India LT-Debt-to-Total-Asset Chart

Vinsys IT Services India Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

0.14

0.21

0.25

0.11

Vinsys IT Services India Semi-Annual Data
	Mar21	Mar22	Sep22	Mar23	Sep23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial			0.21	-	0.25	0.19	0.11

Vinsys IT Services India LT-Debt-to-Total-Asset Calculation

Vinsys IT Services 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 )
	=	156.625	/	1379.564
	=	0.11

Vinsys IT Services 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 )
	=	156.625	/	1379.564
	=	0.11

Vinsys IT Services India (NSE:VINSYS) 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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Vinsys IT Services India Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Vinsys IT Services India Ltd (NSE:VINSYS) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

S. No. 28/11- 12, Shivaji Niketan, C.T.S. No. 458A, Tejas Housing Society, Near Mantri Park Behind Kothrud Bus Stand, Kothrud, Pune, MH, IND, 411038

Website

https://www.vinsys.com

Vinsys IT Services India Ltd is engaged in the IT business. The core competencies of the company include Training and Certifications, Digital Learning, IT Services, Business Academy, and technology training. The company is dedicated to becoming an accredited training service provider to meet the growing demand for training and workforce development. The company specializes in corporate training and consulting across a broad range of domains. The company caters to professionals across all industries and domains and offers assistance to organizations in formulating their learning and development strategies.

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