Indosolar (BOM:533257) LT-Debt-to-Total-Asset : 0.68 (As of Mar. 2024)

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What is Indosolar 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. Indosolar's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.68.

Indosolar's long-term debt to total assets ratio increased from Mar. 2023 (0.16) to Mar. 2024 (0.68). It may suggest that Indosolar is progressively becoming more dependent on debt to grow their business.

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

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

Indosolar Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.02

0.05

0.16

0.68

Indosolar Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.16	-	0.04	-	0.68

Indosolar LT-Debt-to-Total-Asset Calculation

Indosolar'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 )
	=	1014.885	/	1501.263
	=

Indosolar'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 )
	=	1014.885	/	1501.263
	=

Indosolar (BOM:533257) 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.

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

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Indosolar (BOM:533257) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Indosolar Ltd (BOM:533257) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

3C/1, Ecotech - II, Udyog Vihar, Greater Noida, UP, IND, 201306

Website

http://www.indosolar.co.in

Indosolar Ltd is engaged in the manufacturing of solar photovoltaic cells. The business operates in one business segment that is the Manufacture of Solar Cells and Modules. Its product line consists of multi-crystalline and mono-crystalline cells, various types of modules, and various solar solutions. The company's solution consists of residential rooftop systems for home consumers, solar street lighting solutions, engineering, design, and construction for grid-connected commercial and industrial solutions, and turnkey utility-scale installation services. The finished goods generate maximum revenue for the company.

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