Azure Power Global (Azure Power Global) Debt-to-Asset : 0.70 (As of Mar. 2022)

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What is Azure Power Global Debt-to-Asset?

Azure Power Global's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2022 was $217.2 Mil. Azure Power Global's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2022 was $1,523.5 Mil. Azure Power Global's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Mar. 2022 was $2,501.9 Mil. Azure Power Global's debt to asset for the quarter that ended in Mar. 2022 was 0.70.

Azure Power Global Debt-to-Asset Historical Data

The historical data trend for Azure Power Global'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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Azure Power Global Debt-to-Asset Chart

Azure Power Global Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Asset

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0.66

0.71

0.72

0.70

0.71

Azure Power Global Quarterly Data
	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Mar23
Debt-to-Asset	Get a 7-Day Free Trial															0.75	0.74	0.74	0.70	0.71

Competitive Comparison of Azure Power Global's Debt-to-Asset

For the Utilities - Renewable subindustry, Azure Power Global'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.

Azure Power Global's Debt-to-Asset Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Azure Power Global's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where Azure Power Global's Debt-to-Asset falls into.

Azure Power Global Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Azure Power Global's Debt-to-Asset for the fiscal year that ended in Mar. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(213.282	+	1429.488)	/	2316.082
	=	0.71

Azure Power Global's Debt-to-Asset for the quarter that ended in Mar. 2022 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(217.156	+	1523.515)	/	2501.903
	=	0.70

Azure Power Global (OTCPK:AZREF) 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.

Azure Power Global Debt-to-Asset Related Terms

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Azure Power Global (Azure Power Global) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Azure Power Global Ltd (OTCPK:AZREF) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Saket Place, 5th Floor, Southern Park, D-II, Saket, New Delhi, IND, 110017

Website

https://www.azurepower.com

Azure Power Global Ltd produces and sells solar power in India. It is engaged in the development, construction, ownership, operation, maintenance, and management of solar power plants and the generation of solar energy. The company generates revenue from a mix of Indian central and state government utilities and commercial entities. The Company has a single operating and reporting segment: Sale of power.