Vedant Asset (BOM:543623) LT-Debt-to-Total-Asset : 0.00 (As of Sep. 2023)

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What is Vedant Asset 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. Vedant Asset's long-term debt to total assests ratio for the quarter that ended in Sep. 2023 was 0.00.

Vedant Asset's long-term debt to total assets ratio increased from Sep. 2022 (0.00) to Sep. 2023 (0.00). It may suggest that Vedant Asset is progressively becoming more dependent on debt to grow their business.

Vedant Asset LT-Debt-to-Total-Asset Historical Data

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

Vedant Asset Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

LT-Debt-to-Total-Asset

0.89

Vedant Asset Semi-Annual Data
	Mar20	Mar21	Mar22	Sep22	Mar23	Sep23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial			-	-	-	-	-

Vedant Asset LT-Debt-to-Total-Asset Calculation

Vedant Asset'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 )
	=	0.2	/	54.275
	=	0.00

Vedant Asset's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2023 is calculated as

LT Debt to Total Assets (Q: Sep. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2023 )	/	Total Assets (Q: Sep. 2023 )
	=	0.2	/	55.556
	=	0.00

Vedant Asset (BOM:543623) 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.

Vedant Asset LT-Debt-to-Total-Asset Related Terms

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Vedant Asset (BOM:543623) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Vedant Asset Ltd (BOM:543623) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

3 rd Floor, Gayways House, Pee Pee Compound, Ranchi, JH, IND, 834001

Website

https://www.vedantasset.com

Vedant Asset Ltd is engaged in a Financial Investment Super Market for private and rural investors. The core business is to earn revenue from brokerage and commission by managing funds of investors with various mutual fund houses and providing Banking Correspondence Services in association with various banks.

Vedant Asset (BOM:543623) Headlines

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