Cholamandalam Financial Holdings (BOM:504973) LT-Debt-to-Total-Asset : 0.76 (As of Mar. 2024)

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What is Cholamandalam Financial Holdings 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. Cholamandalam Financial Holdings's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.76.

Cholamandalam Financial Holdings's long-term debt to total assets ratio increased from Mar. 2023 (0.48) to Mar. 2024 (0.76). It may suggest that Cholamandalam Financial Holdings is progressively becoming more dependent on debt to grow their business.

Cholamandalam Financial Holdings LT-Debt-to-Total-Asset Historical Data

The historical data trend for Cholamandalam Financial Holdings'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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Cholamandalam Financial Holdings LT-Debt-to-Total-Asset Chart

Cholamandalam Financial Holdings Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.51

0.45

0.48

0.76

Cholamandalam Financial Holdings 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															0.48	-	0.76	-	0.76

Cholamandalam Financial Holdings LT-Debt-to-Total-Asset Calculation

Cholamandalam Financial Holdings'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 )
	=	1340140	/	1769176.7
	=	0.76

Cholamandalam Financial Holdings'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 )
	=	1340140	/	1769176.7
	=	0.76

Cholamandalam Financial Holdings (BOM:504973) 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.

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Cholamandalam Financial Holdings (BOM:504973) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Cholamandalam Financial Holdings Ltd (BOM:504973) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

CHOLAHLDNG:India

Address

No. 234, NSC Bose Road, Dare House, Chennai, TN, IND, 600 001

Website

https://www.cholafhl.com

Cholamandalam Financial Holdings Ltd along with its subsidiaries is a diversified investment company under the Murugappa Group. It offers financial services that include general insurance, residential mortgages, auto loans, risk services, and non-banking financial services. The company's activities are located exclusively in India. It has two primary products/service segments which are Financial Services and Insurance and allied services.

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