AZREF (Azure Power Global) Liabilities-to-Assets : 0.82 (As of Mar. 2024)

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AZREF Azure Power Global Ltd AZREF
12 GF Score
Price $1.00
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What is Azure Power Global Liabilities-to-Assets?

Azure Power Global AZREF 12 Liabilities-to-Assets is 0.82 as of Mar. 2024. GuruFocus rates AZREF with a GF Score™ of 12/100.

Liabilities-to-Assets is a solvency ratio indicating how much of the company’s assets are made of liabilities, calculated as total liabilities divided by total asset. Azure Power Global's Total Liabilities for the quarter that ended in Mar. 2024 was $1,772.4 Mil. Azure Power Global's Total Assets for the quarter that ended in Mar. 2024 was $2,167.4 Mil. Therefore, Azure Power Global's Liabilities-to-Assets Ratio for the quarter that ended in Mar. 2024 was 0.82.

Azure Power Global  (OTCPK:AZREF) Liabilities-to-Assets Explanation

Liabilities-to-Assets is a solvency ratio indicating how much of the company’s assets are made of liabilities. It can vary greatly across different industries, as they have different capital structure. A high Liabilities-to-Assets ratio (more leveraged) suggests that the company might have potential solvency problems, or even a signal of financial distress. Conversely, a low Liabilities-to-Assets ratio usually indicates a healthy financial situation. However, it may also suggest that the company is not expanding or not making good use of debt.

Azure Power Global Liabilities-to-Assets Related Terms

Azure Power Global Liabilities-to-Assets Historical Data

* Premium members only.

The historical data trend for Azure Power Global's Liabilities-to-Assets 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.

Azure Power Global Liabilities-to-Assets Chart

Azure Power Global Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Liabilities-to-Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.79 0.84 0.79 0.81 0.82

Azure Power Global Semi-Annual Data
Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Liabilities-to-Assets Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only 0.79 0.84 0.79 0.81 0.82

AZREF vs SAFX, VGAS, STEM: Liabilities-to-Assets Comparison

For the Utilities - Renewable subindustry, Azure Power Global's Liabilities-to-Assets, along with its competitors' market caps and Liabilities-to-Assets 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 Liabilities-to-Assets vs Utilities - Independent Power Producers Industry

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

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


AZREF
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Azure Power Global Ltd AZREF
Liabilities-to-Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Azure Power Global Liabilities-to-Assets Calculation

Liabilities-to-Assets ratio measures the portion of the total liabilities to the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.

Liabilities-to-Assets ratio is calculated by dividing total liabilities by total asset.

Azure Power Global's Liabilities-to-Assets Ratio for the fiscal year that ended in Mar. 2024 is calculated as:

Liabilities-to-Assets (A: Mar. 2024 )=Total Liabilities/Total Assets
=1772.447/2167.357
=0.82

Azure Power Global's Liabilities-to-Assets Ratio for the quarter that ended in Mar. 2024 is calculated as

Liabilities-to-Assets (Q: Mar. 2024 )=Total Liabilities/Total Assets
=1772.447/2167.357
=0.82

* 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.

Frequently Asked Questions Learn more about Liabilities-to-Assets →
What does a Liabilities-to-Assets of 0.82 mean?
Azure Power Global (AZREF) has a Liabilities-to-Assets of 0.82 as of Mar. 2024. Liabilities-to-Assets equals total liabilities divided by total assets. It measures financial leverage. View historical data on Azure Power Global and its competitors.
Is Azure Power Global's Liabilities-to-Assets too high?
Azure Power Global's current Liabilities-to-Assets is 0.82. Overall, Azure Power Global has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Azure Power Global's Liabilities-to-Assets compare to SAFX and VGAS?
Azure Power Global's Liabilities-to-Assets of 0.82 can be compared against companies in the Utilities - Independent Power Producers industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Liabilities-to-Assets for an Utilities - Independent Power Producers company?
A good Liabilities-to-Assets depends on the Utilities - Independent Power Producers industry context. However, Liabilities-to-Assets should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Liabilities-to-Assets mean?
A high Liabilities-to-Assets can signal that a stock is expensive relative to its fundamentals. Liabilities-to-Assets equals total liabilities divided by total assets. It measures financial leverage. View historical data on Azure Power Global and its competitors. Azure Power Global's current Liabilities-to-Assets is 0.82. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Azure Power Global stock overvalued right now?
Azure Power Global (AZREF) has a current Liabilities-to-Assets of 0.82. The current Liabilities-to-Assets is 0.82. Azure Power Global's overall GF Score™ is 12/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Liabilities-to-Assets calculated?
Liabilities-to-Assets is calculated from a company's financial statements. For Azure Power Global (AZREF), the current Liabilities-to-Assets is 0.82 as of Mar. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Azure Power Global Business Description

Address Phase II, 8th Floor, Tower A, DLF Infinity, Cyber City, Gurugram, HR, IND, 122002
Azure Power Global Ltd is a utility-scale renewable energy project developer and operator. It is engaged in the development, construction, ownership, operation, maintenance, and management of renewable energy assets based on long-term contracts (Power Purchase Agreements or PPA) with Indian Government energy distribution companies, as well as other Indian non-governmental energy distribution companies and commercial customers.
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Liabilities-to-Assets is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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