Ironwood Education (BOM:508918) LT-Debt-to-Total-Asset : 0.53 (As of Mar. 2024)

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What is Ironwood Education 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. Ironwood Education's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.53.

Ironwood Education's long-term debt to total assets ratio increased from Mar. 2023 (0.44) to Mar. 2024 (0.53). It may suggest that Ironwood Education is progressively becoming more dependent on debt to grow their business.

Ironwood Education LT-Debt-to-Total-Asset Historical Data

The historical data trend for Ironwood Education'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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Ironwood Education LT-Debt-to-Total-Asset Chart

Ironwood Education Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.17

0.24

0.31

0.44

0.53

Ironwood Education 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															0.44	-	0.36	-	0.53

Ironwood Education LT-Debt-to-Total-Asset Calculation

Ironwood Education'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 )
	=	97.328	/	182.893
	=	0.53

Ironwood Education'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 )
	=	97.328	/	182.893
	=	0.53

Ironwood Education (BOM:508918) 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.

Ironwood Education LT-Debt-to-Total-Asset Related Terms

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Ironwood Education (BOM:508918) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Ironwood Education Ltd (BOM:508918) » Definitions » LT-Debt-to-Total-Asset

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Address

KHIL House, 70-C Nehru Road, 1st Floor, Adjacent to Domestic Airport, Vile Parle (East), Mumbai, MH, IND, 400099

Website

https://www.ironwoodworld.com

Ironwood Education Ltd is a vocational education provider across India and the Middle East. The company is operating the EMDI Institute of media and communication. The company offers industry-relevant postgraduate diploma in Global sports management courses under the brand Ironwood Sports Management Global Academy; a specialized course in wedding planning; and digital marketing and E-commerce. The company has carried out business operations only in the segment of Vocational Education.

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