Ahasolar Technologies (BOM:543941) LT-Debt-to-Total-Asset : 0.00 (As of Mar. 2024)

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What is Ahasolar Technologies 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. Ahasolar Technologies's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.00.

Ahasolar Technologies's long-term debt to total assets ratio declined from Mar. 2022 (0.25) to Mar. 2024 (0.00). It may suggest that Ahasolar Technologies is progressively becoming less dependent on debt to grow their business.

Ahasolar Technologies LT-Debt-to-Total-Asset Historical Data

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

Ahasolar Technologies Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

0.17

0.28

0.25

Ahasolar Technologies Semi-Annual Data
	Mar20	Mar21	Mar22	Mar23	Mar24
LT-Debt-to-Total-Asset	0.17	0.28	0.25	-	-

Ahasolar Technologies LT-Debt-to-Total-Asset Calculation

Ahasolar Technologies'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 )
	=	0	/	174.28
	=	0.00

Ahasolar Technologies'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 )
	=	0	/	174.28
	=	0.00

Ahasolar Technologies (BOM:543941) 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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Ahasolar Technologies (BOM:543941) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Ahasolar Technologies Ltd (BOM:543941) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Sattadhar Cross Road, Office No. 207, Kalasagar Shopping Hub, Opposite Saibaba Temple, Ghatlodiya, Ahmedabad, GJ, IND, 380061

Website

https://www.ahasolar.in

Ahasolar Technologies Ltd is engaged in the business of Cleantech enabling Energy Transition through Digital Transformation and henceforth empowering stakeholders to adopt renewable energy. Its primary focus in renewable energy has been in the solar industry and to cater to it the company developed an AI-based intelligent Solar Digital Platform. It has developed Software as a Service (SaaS) products for solar companies to streamline the processes, design PV, do project management, and monitor generation along with an integrated Marketplace to connect the demand & supply digitally. The company's core businesses are Solar Software Services, Solar Marketplace, and Solar Advisory and Consultancy services.

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