Rite Zone Chemcon India (NSE:RITEZONE) Debt-to-Asset : 0.05 (As of Sep. 2023)

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What is Rite Zone Chemcon India Debt-to-Asset?

Rite Zone Chemcon India's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ₹1.5 Mil. Rite Zone Chemcon India's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ₹7.2 Mil. Rite Zone Chemcon India's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Sep. 2023 was ₹185.3 Mil. Rite Zone Chemcon India's debt to asset for the quarter that ended in Sep. 2023 was 0.05.

Rite Zone Chemcon India Debt-to-Asset Historical Data

The historical data trend for Rite Zone Chemcon India'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.

Rite Zone Chemcon India Debt-to-Asset Chart

Rite Zone Chemcon India Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Debt-to-Asset

0.39

0.49

0.10

0.05

Rite Zone Chemcon India Semi-Annual Data
	Mar20	Mar21	Mar22	Sep22	Mar23	Sep23
Debt-to-Asset	Get a 7-Day Free Trial			0.49	0.10	0.08	0.05	0.05

Competitive Comparison of Rite Zone Chemcon India's Debt-to-Asset

For the Specialty Chemicals subindustry, Rite Zone Chemcon India'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.

Rite Zone Chemcon India's Debt-to-Asset Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Rite Zone Chemcon India's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where Rite Zone Chemcon India's Debt-to-Asset falls into.

Rite Zone Chemcon India Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Rite Zone Chemcon India's Debt-to-Asset for the fiscal year that ended in Mar. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(1.287	+	8.063)	/	191.933
	=	0.05

Rite Zone Chemcon India's Debt-to-Asset for the quarter that ended in Sep. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(1.515	+	7.179)	/	185.294
	=	0.05

Rite Zone Chemcon India (NSE:RITEZONE) 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.

Rite Zone Chemcon India Debt-to-Asset Related Terms

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Rite Zone Chemcon India (NSE:RITEZONE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Rite Zone Chemcon India Ltd (NSE:RITEZONE) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Row House 11, Beverly Park, Row House co-operative housing society Ltd, Mira Road, Thane, MH, IND, 401107

Website

http://www.ritezone.in

Rite Zone Chemcon India Ltd deals in a range of construction chemicals and concrete products. The company offers complete construction solutions by supplying a complete range of various chemical products related to civil construction, infrastructure, building and structure including pre-construction or post construction as well as supplying all types of concrete required for construction and infrastructure developments.

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