Ind Bank Housing (BOM:523465) LT-Debt-to-Total-Asset : 14.77 (As of Sep. 2024)

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What is Ind Bank Housing 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. Ind Bank Housing's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 14.77.

Ind Bank Housing's long-term debt to total assets ratio increased from Sep. 2023 (14.05) to Sep. 2024 (14.77). It may suggest that Ind Bank Housing is progressively becoming more dependent on debt to grow their business.

Ind Bank Housing LT-Debt-to-Total-Asset Historical Data

The historical data trend for Ind Bank Housing'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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Ind Bank Housing LT-Debt-to-Total-Asset Chart

Ind Bank Housing Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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11.97

12.25

12.54

12.57

14.43

Ind Bank Housing 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															14.05	-	14.43	-	14.77

Ind Bank Housing LT-Debt-to-Total-Asset Calculation

Ind Bank Housing'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 )
	=	1290	/	89.41
	=

Ind Bank Housing'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 )
	=	1290	/	87.313
	=

Ind Bank Housing (BOM:523465) 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.

Ind Bank Housing LT-Debt-to-Total-Asset Related Terms

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Ind Bank Housing Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Ind Bank Housing Ltd (BOM:523465) » Definitions » LT-Debt-to-Total-Asset

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Address

480, Anna Salai, 3rd Floor, Nandanam, Khivraj Complex - I, Chennai, TN, IND, 600035

Website

https://www.indbankhousing.com

Ind Bank Housing Ltd is an India-based company. It is engaged in Housing finance. The company's source of revenue is from the interest receipts.

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