Jindal Drilling & Industries (BOM:511034) LT-Debt-to-Total-Asset : 0.00 (As of Dec. 2023)

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What is Jindal Drilling & 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. Jindal Drilling & Industries's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.00.

Jindal Drilling & Industries's long-term debt to total assets ratio stayed the same from Dec. 2022 (0.00) to Dec. 2023 (0.00).

Jindal Drilling & Industries LT-Debt-to-Total-Asset Historical Data

The historical data trend for Jindal Drilling & 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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Jindal Drilling & Industries LT-Debt-to-Total-Asset Chart

Jindal Drilling & Industries Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

LT-Debt-to-Total-Asset

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0.12

0.10

0.08

0.04

Jindal Drilling & Industries Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															-	0.04	-	0.04	-

Jindal Drilling & Industries LT-Debt-to-Total-Asset Calculation

Jindal Drilling & Industries's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Mar. 2023 is calculated as

LT Debt to Total Assets (A: Mar. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Mar. 2023 )	/	Total Assets (A: Mar. 2023 )
	=	798.981	/	19245.306
	=	0.04

Jindal Drilling & Industries's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	0	/	0
	=

Jindal Drilling & Industries (BOM:511034) 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.

Jindal Drilling & Industries LT-Debt-to-Total-Asset Related Terms

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Jindal Drilling & Industries (BOM:511034) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Jindal Drilling & Industries Ltd (BOM:511034) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

JINDRILL:India

Address

5 Pusa Road, 2nd Floor, Gurgaon, HR, IND, 110 005

Website

https://www.jindal.com

Jindal Drilling & Industries Ltd is engaged in providing services to entities involved in the exploration of oil and gas. Its brands and services include Jindal Star (ERW Pipes), Power and energy, MSL (Seamless pipes) and drilling services. The company generates a majority of its revenue from drilling services within India.

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