Real Touch Finance (BOM:538611) LT-Debt-to-Total-Asset : 0.00 (As of Mar. 2024)

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What is Real Touch Finance 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. Real Touch Finance's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.00.

Real Touch Finance's long-term debt to total assets ratio declined from Mar. 2023 (0.66) to Mar. 2024 (0.00). It may suggest that Real Touch Finance is progressively becoming less dependent on debt to grow their business.

Real Touch Finance LT-Debt-to-Total-Asset Historical Data

The historical data trend for Real Touch Finance'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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Real Touch Finance LT-Debt-to-Total-Asset Chart

Real Touch Finance Annual Data

Trend

Mar15

Mar16

Mar17

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Mar19

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Mar21

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Mar24

LT-Debt-to-Total-Asset

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0.66

Real Touch Finance 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															0.66	-	0.59	-	-

Real Touch Finance LT-Debt-to-Total-Asset Calculation

Real Touch Finance'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 )
	=	0	/	1925.107
	=	0.00

Real Touch Finance'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 )
	=	0	/	1925.107
	=	0.00

Real Touch Finance (BOM:538611) 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.

Real Touch Finance LT-Debt-to-Total-Asset Related Terms

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Real Touch Finance (BOM:538611) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Real Touch Finance Ltd (BOM:538611) » Definitions » LT-Debt-to-Total-Asset

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Address

No. 480, Anna Salai, 3rd Floor, Khivraj Complex - I, Nandanam, Chennai, TN, IND, 600035

Website

https://www.realtouchfinance.com

Real Touch Finance Ltd is an India-based non-banking finance company. It is engaged in the business of making both long-term and short-term investments in quoted as well as unquoted shares. It also offers short-term and long-term Loans. The company operates in India and derives primary revenue from the interest income.

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