My Mudra Fincorp (NSE:MYMUDRA) Debt-to-Asset : 0.32 (As of Mar. 2024)

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What is My Mudra Fincorp Debt-to-Asset?

My Mudra Fincorp's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹66.1 Mil. My Mudra Fincorp's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹30.3 Mil. My Mudra Fincorp's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Mar. 2024 was ₹302.8 Mil. My Mudra Fincorp's debt to asset for the quarter that ended in Mar. 2024 was 0.32.

My Mudra Fincorp Debt-to-Asset Historical Data

The historical data trend for My Mudra Fincorp's Debt-to-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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My Mudra Fincorp Debt-to-Asset Chart

My Mudra Fincorp Annual Data

Trend

Mar22

Mar23

Mar24

Debt-to-Asset

0.36

0.25

0.32

My Mudra Fincorp Semi-Annual Data
	Mar22	Mar23	Mar24
Debt-to-Asset	0.36	0.25	0.32

Competitive Comparison of My Mudra Fincorp's Debt-to-Asset

For the Specialty Business Services subindustry, My Mudra Fincorp's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

My Mudra Fincorp's Debt-to-Asset Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, My Mudra Fincorp's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where My Mudra Fincorp's Debt-to-Asset falls into.

My Mudra Fincorp Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

My Mudra Fincorp's Debt-to-Asset for the fiscal year that ended in Mar. 2024 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(66.13	+	30.311)	/	302.782
	=	0.32

My Mudra Fincorp's Debt-to-Asset for the quarter that ended in Mar. 2024 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(66.13	+	30.311)	/	302.782
	=	0.32

My Mudra Fincorp (NSE:MYMUDRA) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

My Mudra Fincorp Debt-to-Asset Related Terms

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My Mudra Fincorp Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » My Mudra Fincorp Ltd (NSE:MYMUDRA) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

w.e.a. Karol Bagh, 17A/45, 3rd Floor, Central Delhi, New Delhi, IND, 110005

Website

https://www.mymudra.com

My Mudra Fincorp Ltd functions as a Channel Partner (DSA) for Banks and NBFCs operating in India. Its business model integrates tele-calling, advertising, direct marketing, referrals, networking, and a combined physical and digital (physital) marketing approach to acquire customers for the banks and NBFC's. The company provides its customers with the ability to research and compare a wide range of lending and insurance products offered by its lending and insurer partners, enhancing choice and transparency.

My Mudra Fincorp Headlines

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