TCI Finance (BOM:501242) LT-Debt-to-Total-Asset : 0.27 (As of Mar. 2024)

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What is TCI 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. TCI Finance's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.27.

TCI Finance's long-term debt to total assets ratio increased from Mar. 2023 (0.18) to Mar. 2024 (0.27). It may suggest that TCI Finance is progressively becoming more dependent on debt to grow their business.

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

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

TCI Finance Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.20

0.23

0.27

0.18

0.27

TCI Finance Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.18	-	0.20	-	0.27

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

TCI 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 )
	=	74.2	/	275.5
	=

TCI Finance'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 )
	=	74.2	/	275.5
	=

TCI Finance (BOM:501242) 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.

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

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TCI Finance (BOM:501242) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » TCI Finance Ltd (BOM:501242) » Definitions » LT-Debt-to-Total-Asset

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TCIFINANCE:India

Address

Plot No. 20, Survey No. 12, 4th Floor, Kothaguda, Kondapur, Hyderabad, TG, IND, 500081

Website

https://www.tcifl.in

TCI Finance Ltd is engaged in providing financial services. It is a non-banking financial company. The company provides various services like the loan against securities, commercial vehicle finance, patents trademark and copyright, Global Intellectual Property Convention, and other financial services. It generates majority revenue in the form of interest.

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