IFB Industries (BOM:505726) LT-Debt-to-Total-Asset : 0.04 (As of Sep. 2024)

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What is IFB Industries 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. IFB Industries's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.04.

IFB Industries's long-term debt to total assets ratio declined from Sep. 2023 (0.07) to Sep. 2024 (0.04). It may suggest that IFB Industries is progressively becoming less dependent on debt to grow their business.

IFB Industries LT-Debt-to-Total-Asset Historical Data

The historical data trend for IFB Industries'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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IFB Industries LT-Debt-to-Total-Asset Chart

IFB Industries Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.18

0.11

0.09

0.04

IFB Industries 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															0.07	-	0.04	-	0.04

IFB Industries LT-Debt-to-Total-Asset Calculation

IFB Industries'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 )
	=	865.5	/	21797.9
	=	0.04

IFB Industries'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 )
	=	888.9	/	23341.7
	=	0.04

IFB Industries (BOM:505726) 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.

IFB Industries LT-Debt-to-Total-Asset Related Terms

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IFB Industries Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » IFB Industries Ltd (BOM:505726) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

IFBIND:India

Address

Plot No. IND-5, Sector - 1, East Kolkata Township, Kolkata, WB, IND, 700107

Website

https://www.ifbindustries.com

IFB Industries Ltd is an India-based company engaged in the business of fine-blanked components and home appliances. The operating divisions of the group are Engineering, Home Appliances division, Motor, Steel, and Others. It derives a majority of the revenue from the Home Appliances Division which includes products such as washing machines, clothes dryers, dishwashers, microwave ovens, air conditioners, chimneys, refrigerators, modular kitchens, and built-in ovens and built-in hobs. Geographically, the group has a business presence in India and other countries, of which a majority of the revenue is derived from India.

IFB Industries Headlines

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