Blue Dart Express (BOM:526612) LT-Debt-to-Total-Asset : 0.17 (As of Mar. 2024)

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What is Blue Dart Express 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. Blue Dart Express's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.17.

Blue Dart Express's long-term debt to total assets ratio declined from Mar. 2023 (0.28) to Mar. 2024 (0.17). It may suggest that Blue Dart Express is progressively becoming less dependent on debt to grow their business.

Blue Dart Express LT-Debt-to-Total-Asset Historical Data

The historical data trend for Blue Dart Express'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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Blue Dart Express LT-Debt-to-Total-Asset Chart

Blue Dart Express Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.45

0.34

0.24

0.28

0.17

Blue Dart Express 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															0.28	-	0.27	-	0.17

Blue Dart Express LT-Debt-to-Total-Asset Calculation

Blue Dart Express'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 )
	=	6004.8	/	34609
	=	0.17

Blue Dart Express'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 )
	=	6004.8	/	34609
	=	0.17

Blue Dart Express (BOM:526612) 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.

Blue Dart Express LT-Debt-to-Total-Asset Related Terms

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Blue Dart Express (BOM:526612) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Blue Dart Express Ltd (BOM:526612) » Definitions » LT-Debt-to-Total-Asset

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BLUEDART:India

Address

Sahar Airport Road, Blue Dart Centre, Andheri (East), Mumbai, MH, IND, 400 099

Website

https://www.bluedart.com

Blue Dart Express Ltd is a courier and package delivery company which focuses on express delivery using air and ground transportation in India. The company is headquartered in India, and generates all revenue domestically. Blue Dart Express operates through a single segment, and provides integrated air and ground transportation to distribute packages to various destinations within India. The company also operates and maintains aircraft for the purpose of package delivery.

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