Rite Zone Chemcon India (NSE:RITEZONE) LT-Debt-to-Total-Asset : 0.04 (As of Sep. 2023)

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What is Rite Zone Chemcon India 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. Rite Zone Chemcon India's long-term debt to total assests ratio for the quarter that ended in Sep. 2023 was 0.04.

Rite Zone Chemcon India's long-term debt to total assets ratio declined from Sep. 2022 (0.07) to Sep. 2023 (0.04). It may suggest that Rite Zone Chemcon India is progressively becoming less dependent on debt to grow their business.

Rite Zone Chemcon India LT-Debt-to-Total-Asset Historical Data

The historical data trend for Rite Zone Chemcon India'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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Rite Zone Chemcon India LT-Debt-to-Total-Asset Chart

Rite Zone Chemcon India Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

LT-Debt-to-Total-Asset

0.36

0.48

0.08

0.04

Rite Zone Chemcon India Semi-Annual Data
	Mar20	Mar21	Mar22	Sep22	Mar23	Sep23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial			0.48	0.08	0.07	0.04	0.04

Rite Zone Chemcon India LT-Debt-to-Total-Asset Calculation

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

LT Debt to Total Assets (A: Mar. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Mar. 2023 )	/	Total Assets (A: Mar. 2023 )
	=	8.063	/	191.933
	=	0.04

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

LT Debt to Total Assets (Q: Sep. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2023 )	/	Total Assets (Q: Sep. 2023 )
	=	7.179	/	185.294
	=	0.04

Rite Zone Chemcon India (NSE:RITEZONE) 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.

Rite Zone Chemcon India LT-Debt-to-Total-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 » LT-Debt-to-Total-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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