Redtape (BOM:543957) LT-Debt-to-Total-Asset : 0.20 (As of Mar. 2024)

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What is Redtape 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. Redtape's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.20.

Redtape's long-term debt to total assets ratio increased from Mar. 2023 (0.00) to Mar. 2024 (0.20). It may suggest that Redtape is progressively becoming more dependent on debt to grow their business.

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

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

Redtape Annual Data

Trend

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

0.20

Redtape Quarterly Data
	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial				-	-	0.18	-	0.20

Redtape LT-Debt-to-Total-Asset Calculation

Redtape'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 )
	=	3160	/	15883.7
	=	0.20

Redtape'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 )
	=	3160	/	15883.7
	=	0.20

Redtape (BOM:543957) 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.

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

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Redtape (BOM:543957) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Redtape Ltd (BOM:543957) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

REDTAPE:India

Address

Plot No. 8, Sector 90, Gautam Buddha Nagar, Noida, UP, IND, 201301

Website

https://www.redtape.com

Redtape Ltd Is the finest brand of Footwear and Clothing for Men, Women and Kids. Its clothing and accessories categories with product offerings comprising casual and semi-formal apparel including shirts, t-shirts, trousers, denim, sweaters, jackets and accessories such as belts, socks, handkerchiefs and wallets. The brand also caters to fashion-conscious women and kids with a wide array of products.

Redtape (BOM:543957) Headlines

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