Enbee Trade & Finance (BOM:512441) LT-Debt-to-Total-Asset : 0.49 (As of Mar. 2024)

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What is Enbee Trade & 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. Enbee Trade & Finance's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.49.

Enbee Trade & Finance's long-term debt to total assets ratio declined from Mar. 2023 (0.68) to Mar. 2024 (0.49). It may suggest that Enbee Trade & Finance is progressively becoming less dependent on debt to grow their business.

Enbee Trade & Finance LT-Debt-to-Total-Asset Historical Data

The historical data trend for Enbee Trade & 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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Enbee Trade & Finance LT-Debt-to-Total-Asset Chart

Enbee Trade & Finance Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.01

0.48

0.68

0.49

Enbee Trade & 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															0.68	-	0.26	-	0.49

Enbee Trade & Finance LT-Debt-to-Total-Asset Calculation

Enbee Trade & 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 )
	=	313.102	/	641.369
	=	0.49

Enbee Trade & 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 )
	=	313.102	/	641.369
	=	0.49

Enbee Trade & Finance (BOM:512441) 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.

Enbee Trade & Finance LT-Debt-to-Total-Asset Related Terms

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Enbee Trade & Finance (BOM:512441) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Enbee Trade & Finance Ltd (BOM:512441) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

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Address

N. M. Joshi Marg, B4/C5, Gods Gift CHS Ltd, Lower Parel, Mumbai, MH, IND, 400013

Website

https://www.enbeetrade.com

Enbee Trade & Finance Ltd is a Non Banking Finance Company. The company is engaged in business of trading, dealing in vehicles parts and accessories of vehicles; business of financing or lending to builders and their persons on securities. The Company's operations are carried out in India.

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