Avantel (BOM:532406) LT-Debt-to-Total-Asset : 0.03 (As of Mar. 2024)

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What is Avantel 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. Avantel's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.03.

Avantel's long-term debt to total assets ratio increased from Dec. 2022 (0.00) to Mar. 2024 (0.03). It may suggest that Avantel is progressively becoming more dependent on debt to grow their business.

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

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

Avantel Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.05

0.04

0.03

0.02

0.03

Avantel Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															-	0.02	0.01	-	0.03

Avantel LT-Debt-to-Total-Asset Calculation

Avantel'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 )
	=	60.016	/	2158.454
	=	0.03

Avantel'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 )
	=	60.016	/	2158.454
	=	0.03

Avantel (BOM:532406) 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.

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

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Avantel (BOM:532406) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Avantel Ltd (BOM:532406) » Definitions » LT-Debt-to-Total-Asset

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Address

Survey No’s. 66 & 67, Jubilee Enclave, Plot No. 68 & 69, Jubilee Heights, 4th floor, Madhapur, Hyderabad, TG, IND, 500081

Website

https://www.avantel.in

Avantel Ltd is engaged in the business of manufacturing telecom products and provides related customer support services. It caters to both domestic and international markets. It specializes in integrating technologies related to the wireless front end, satellite communication, embedded systems, signal processing, network management, and software development. It offers wireless, Satcom products, wireless products, software solutions, and services. It caters to defense, railway, and marine industries.

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