3i Infotech (BOM:532628) LT-Debt-to-Total-Asset : 0.04 (As of Mar. 2024)

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What is 3i Infotech 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. 3i Infotech's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.04.

3i Infotech's long-term debt to total assets ratio declined from Mar. 2023 (0.05) to Mar. 2024 (0.04). It may suggest that 3i Infotech is progressively becoming less dependent on debt to grow their business.

3i Infotech LT-Debt-to-Total-Asset Historical Data

The historical data trend for 3i Infotech'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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3i Infotech LT-Debt-to-Total-Asset Chart

3i Infotech Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.26

0.08

0.11

0.05

0.04

3i Infotech 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

3i Infotech LT-Debt-to-Total-Asset Calculation

3i Infotech'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 )
	=	275.6	/	6639.9
	=	0.04

3i Infotech'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 )
	=	275.6	/	6639.9
	=	0.04

3i Infotech (BOM:532628) 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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3i Infotech (BOM:532628) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » 3i Infotech Ltd (BOM:532628) » Definitions » LT-Debt-to-Total-Asset

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3IINFOLTD:India

Address

International Infotech Park, Tower No. 5, 3rd to 6th Floors, Vashi, Navi Mumbai, MH, IND, 400703

Website

https://www.3i-infotech.com

3i Infotech Ltd is an information technology company. It provides a set of Internet protocol (IP)-based software solutions with a range of IT services. The firm operates through two segments: IT Solutions and Transaction Services. The IT Solutions segment includes the sale of IT products developed by the company and provides IT services to various companies on an outsourcing business model. It includes packaged applications for the banking, insurance, capital markets, asset and wealth management (BFSI) space, and an enterprise resource planning (ERP) suite. The Transaction Services segment covers the management of back-office operations for BFSI clients. Through transaction service offerings, the firm provides clients with services, such as human resources and payroll management services.

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