Bajaj Finance (BOM:500034) LT-Debt-to-Total-Asset : 0.61 (As of Sep. 2024)

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What is Bajaj Finance 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. Bajaj Finance's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.61.

Bajaj Finance's long-term debt to total assets ratio declined from Sep. 2023 (0.63) to Sep. 2024 (0.61). It may suggest that Bajaj Finance is progressively becoming less dependent on debt to grow their business.

Bajaj Finance LT-Debt-to-Total-Asset Historical Data

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

Bajaj Finance Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.66

0.62

0.63

0.60

0.58

Bajaj Finance Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.63	-	0.58	-	0.61

Bajaj Finance LT-Debt-to-Total-Asset Calculation

Bajaj Finance'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 )
	=	2184371.1	/	3757416.2
	=	0.58

Bajaj Finance's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2024 is calculated as

LT Debt to Total Assets (Q: Sep. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2024 )	/	Total Assets (Q: Sep. 2024 )
	=	2580872.8	/	4206557.6
	=	0.61

Bajaj Finance (BOM:500034) 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.

Bajaj Finance LT-Debt-to-Total-Asset Related Terms

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Bajaj Finance Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Bajaj Finance Ltd (BOM:500034) » Definitions » LT-Debt-to-Total-Asset

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BAJFINANCE:India

Address

Off Pune-Ahmednagar Road, 4th Floor, Bajaj Finserv Corporate Office, Viman Nagar, Pune, MH, IND, 411 014

Website

https://www.aboutbajajfinserv.com

Bajaj Finance Ltd is the holding company for various financial services businesses under the Bajaj Group, which operates in India. The company is a NBFC in India offering payments, partnerships, services, and lending solutions to customers. The company's model is focused on the acquisition of customers and offering multiple loans and services on a cross-sell basis to meet their financial service needs. The company provides discretionary spending across consumer electronics, furniture, and digital products in India. The company's strategies and structure are closely aligned with the commercial banks in India. All of its revenue is generated from India.

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