Taj GVK Hotels & Resorts (BOM:532390) LT-Debt-to-Total-Asset : 0.08 (As of Mar. 2024)

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What is Taj GVK Hotels & Resorts 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. Taj GVK Hotels & Resorts's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.08.

Taj GVK Hotels & Resorts's long-term debt to total assets ratio declined from Mar. 2023 (0.14) to Mar. 2024 (0.08). It may suggest that Taj GVK Hotels & Resorts is progressively becoming less dependent on debt to grow their business.

Taj GVK Hotels & Resorts LT-Debt-to-Total-Asset Historical Data

The historical data trend for Taj GVK Hotels & Resorts'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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Taj GVK Hotels & Resorts LT-Debt-to-Total-Asset Chart

Taj GVK Hotels & Resorts Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.25

0.22

0.14

0.08

Taj GVK Hotels & Resorts 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															0.14	-	0.12	-	0.08

Taj GVK Hotels & Resorts LT-Debt-to-Total-Asset Calculation

Taj GVK Hotels & Resorts'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 )
	=	684.9	/	8175.5
	=	0.08

Taj GVK Hotels & Resorts'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 )
	=	684.9	/	8175.5
	=	0.08

Taj GVK Hotels & Resorts (BOM:532390) 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.

Taj GVK Hotels & Resorts LT-Debt-to-Total-Asset Related Terms

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Taj GVK Hotels & Resorts (BOM:532390) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Taj GVK Hotels & Resorts Ltd (BOM:532390) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

TAJGVK:India

Address

Taj Krishna, Road No. 1, Banjara Hills, Hyderabad, TG, IND, 500 034

Website

https://www.tajgvk.in

Taj GVK Hotels & Resorts Ltd is an Indian-based company, which is engaged in the business of owning, operating and managing hotels, palaces, and resorts with the brand name TAJ. The business activities of the group include operations of rooms, restaurants, bars, and banquets. It operates a range of hotels under the Taj brand which are Taj Krishna, Taj Banjara, Taj Deccan, Vivanta by Taj, Taj Chandigarh, Taj Club House, and Taj Santacruz.

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