Geojit Financial Services (NSE:GEOJITFSL) LT-Debt-to-Total-Asset : 0.20 (As of Mar. 2024)

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

Geojit Financial Services's long-term debt to total assets ratio increased from Dec. 2022 (0.00) to Mar. 2024 (0.20). It may suggest that Geojit Financial Services is progressively becoming more dependent on debt to grow their business.

Geojit Financial Services LT-Debt-to-Total-Asset Historical Data

The historical data trend for Geojit Financial Services'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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Geojit Financial Services LT-Debt-to-Total-Asset Chart

Geojit Financial Services Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.02

0.01

0.02

0.20

Geojit Financial Services Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															-	0.02	0.12	-	0.20

Geojit Financial Services LT-Debt-to-Total-Asset Calculation

Geojit Financial Services'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 )
	=	3976.61	/	20202.915
	=	0.20

Geojit Financial Services'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 )
	=	3976.61	/	20202.915
	=	0.20

Geojit Financial Services (NSE:GEOJITFSL) 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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Geojit Financial Services (NSE:GEOJITFSL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Geojit Financial Services Ltd (NSE:GEOJITFSL) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

532285:India

Address

34/659-P, Civil Line Road, 11th Floor, Padivattom, Kochi, KL, IND, 682024

Website

https://www.geojit.com

Geojit Financial Services Ltd is an investment services company. The company's operating segment includes Financial Services and Software services. Financial services segment consists of brokerage services, depository services, financial products distribution services, portfolio management services, and other allied activities. The Software services segment consists of income from the development and maintenance of software. It generates maximum revenue from the Financial Services segment. The geographical segments of the group are India and other countries.

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