Salasar Techno Engineering (NSE:SALASAR) LT-Debt-to-Total-Asset : 0.04 (As of Mar. 2024)

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What is Salasar Techno Engineering 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. Salasar Techno Engineering's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.04.

Salasar Techno Engineering's long-term debt to total assets ratio declined from Mar. 2023 (0.05) to Mar. 2024 (0.04). It may suggest that Salasar Techno Engineering is progressively becoming less dependent on debt to grow their business.

Salasar Techno Engineering LT-Debt-to-Total-Asset Historical Data

The historical data trend for Salasar Techno Engineering'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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Salasar Techno Engineering LT-Debt-to-Total-Asset Chart

Salasar Techno Engineering Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.01

0.06

0.05

0.04

Salasar Techno Engineering 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															0.05	-	0.05	-	0.04

Salasar Techno Engineering LT-Debt-to-Total-Asset Calculation

Salasar Techno Engineering'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 )
	=	407.354	/	11508.885
	=	0.04

Salasar Techno Engineering'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 )
	=	407.354	/	11508.885
	=	0.04

Salasar Techno Engineering (NSE:SALASAR) 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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Salasar Techno Engineering (NSE:SALASAR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Salasar Techno Engineering Ltd (NSE:SALASAR) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

540642:India

Address

E-20, South Extension I, New Delhi, IND, 110049

Website

https://www.salasartechno.com

Salasar Techno Engineering Ltd is engaged in the manufacturing of galvanized M.S. steel structures and related activities. It is engaged in the manufacturing and fabrication of steel structures for Telecom Towers, Transmission Towers, Utilities Poles, High Mast Poles, Stadium Lighting Poles, Flag Poles, and Smart City Poles Substations Structures, Railway Electrification (OHE), and Solar Module Mounting Structures. The Firm has two reportable segments namely, Steel structure, which derives majority of revenue and comprises manufacturing and sale of Galvanized and Non-galvanized Steel Structures including Telecom Towers, Transmission Line Towers, and Solar Panels; and EPC projects, which comprise survey, supply of materials, design, erection, testing and commissioning on a trunkey basis.

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