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Solitaire Machine Tools (BOM:522152) Debt-to-Asset : 0.07 (As of Mar. 2024)


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What is Solitaire Machine Tools Debt-to-Asset?

Solitaire Machine Tools's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹4.2 Mil. Solitaire Machine Tools's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹16.2 Mil. Solitaire Machine Tools's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Mar. 2024 was ₹277.1 Mil. Solitaire Machine Tools's debt to asset for the quarter that ended in Mar. 2024 was 0.07.


Solitaire Machine Tools Debt-to-Asset Historical Data

The historical data trend for Solitaire Machine Tools's Debt-to-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.

* Premium members only.

Solitaire Machine Tools Debt-to-Asset Chart

Solitaire Machine Tools Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Debt-to-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - 0.02 0.03 0.07

Solitaire Machine Tools Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Debt-to-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.03 - - - 0.07

Competitive Comparison of Solitaire Machine Tools's Debt-to-Asset

For the Tools & Accessories subindustry, Solitaire Machine Tools's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Solitaire Machine Tools's Debt-to-Asset Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Solitaire Machine Tools's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where Solitaire Machine Tools's Debt-to-Asset falls into.



Solitaire Machine Tools Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Solitaire Machine Tools's Debt-to-Asset for the fiscal year that ended in Mar. 2024 is calculated as

Debt-to-Asset=Total Debt / Total Assets
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Total Assets
=(4.151 + 16.197) / 277.065
=0.07

Solitaire Machine Tools's Debt-to-Asset for the quarter that ended in Mar. 2024 is calculated as

Debt-to-Asset=Total Debt / Total Assets
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Total Assets
=(4.151 + 16.197) / 277.065
=0.07

* 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.


Solitaire Machine Tools  (BOM:522152) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.


Solitaire Machine Tools Debt-to-Asset Related Terms

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Solitaire Machine Tools (BOM:522152) Business Description

Traded in Other Exchanges
N/A
Address
A-24/25, Krishna Industrial Estate, Gorwa, Vadodara, GJ, IND, 390016
Solitaire Machine Tools Ltd manufactures precision centerless grinders. The company has one reportable segment namely Centerless Grinding Machine & Spares parts & Accessories. The firm also offers CNC products, including precision servo infeed attachments, servo drives for regulating wheels, two-axis CNC grinding wheel dressers, and diamond roll dressers for grinding wheels, as well as two, three, four, and five-axis CNC grinder controls. The company also provides remanufacturing and CNC retrofitting services for grinders. Its centerless grinders are used in the industry like an automobile, automobile ancillaries, textiles machinery, steel industry, and bearing industry.

Solitaire Machine Tools (BOM:522152) Headlines

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