Vinyas Innovative Technologies (NSE:VINYAS) LT-Debt-to-Total-Asset : 0.09 (As of Mar. 2023)

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What is Vinyas Innovative 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. Vinyas Innovative Technologies's long-term debt to total assests ratio for the quarter that ended in Mar. 2023 was 0.09.

Vinyas Innovative Technologies's long-term debt to total assets ratio increased from Mar. 2021 (0.07) to Mar. 2023 (0.09). It may suggest that Vinyas Innovative Technologies is progressively becoming more dependent on debt to grow their business.

Vinyas Innovative Technologies LT-Debt-to-Total-Asset Historical Data

The historical data trend for Vinyas Innovative 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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Vinyas Innovative Technologies LT-Debt-to-Total-Asset Chart

Vinyas Innovative Technologies Annual Data

Trend

Mar21

Mar22

Mar23

LT-Debt-to-Total-Asset

0.07

0.10

0.09

Vinyas Innovative Technologies Semi-Annual Data
	Mar21	Mar22	Mar23
LT-Debt-to-Total-Asset	0.07	0.10	0.09

Vinyas Innovative Technologies LT-Debt-to-Total-Asset Calculation

Vinyas Innovative Technologies'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 )
	=	191.993	/	2159.864
	=	0.09

Vinyas Innovative Technologies's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2023 is calculated as

LT Debt to Total Assets (Q: Mar. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2023 )	/	Total Assets (Q: Mar. 2023 )
	=	191.993	/	2159.864
	=	0.09

Vinyas Innovative Technologies (NSE:VINYAS) 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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Vinyas Innovative Technologies (NSE:VINYAS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Vinyas Innovative Technologies Ltd (NSE:VINYAS) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

Plot No. 19, Survey No. 26 & 273-P, 3rd Phase, Koorgalli Industrial Area, Ilawala Hobali, Mysore, KA, IND, 570018

Website

https://www.vinyasit.com

Vinyas Innovative Technologies Ltd is a provider of design, engineering and electronics manufacturing services catering to global Original Equipment Manufacturers and Original Design Manufacturers in the Electronic Industry. As an integrated electronic manufacturing services provider, the Company offers a broad range of products and services across multiple industry segments. With wide industry knowledge, cutting-edge technologies & state-of-the-art infrastructure, Vinyas supports its Global partners from conceptualizing the design, engineering, and manufacturing to turnkey requirements for mission-critical applications.

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