Magnus Retail (BOM:517320) LT-Debt-to-Total-Asset : 3.76 (As of Mar. 2024)

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What is Magnus Retail 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. Magnus Retail's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 3.76.

Magnus Retail's long-term debt to total assets ratio declined from Mar. 2023 (73.51) to Mar. 2024 (3.76). It may suggest that Magnus Retail is progressively becoming less dependent on debt to grow their business.

Magnus Retail LT-Debt-to-Total-Asset Historical Data

The historical data trend for Magnus Retail'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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Magnus Retail LT-Debt-to-Total-Asset Chart

Magnus Retail Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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39.37

54.30

58.89

73.51

3.76

Magnus Retail Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															73.51	-	28.41	-	3.76

Magnus Retail LT-Debt-to-Total-Asset Calculation

Magnus Retail'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 )
	=	15.966	/	4.251
	=	3.76

Magnus Retail'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 )
	=	15.966	/	4.251
	=	3.76

Magnus Retail (BOM:517320) 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.

Magnus Retail LT-Debt-to-Total-Asset Related Terms

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Magnus Retail (BOM:517320) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Magnus Retail Ltd (BOM:517320) » Definitions » LT-Debt-to-Total-Asset

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Address

Third Avenue, Indira Nagar, No. 16, First Floor, Corporation Shopping Complex, Adyar, Chennai, TN, IND, 600 020

Website

http://www.savant-infocomm.co.in

Magnus Retail Ltd Formerly Savant Infocomm Ltd is engaged in providing service activities in Information Technology related fields, with a special focus on computer hardware, software, business process outsourcing, training in information technology-related fields, and academic training.

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