Indergiri Finance (BOM:531505) LT-Debt-to-Total-Asset : 0.45 (As of Mar. 2024)

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What is Indergiri 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. Indergiri Finance's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.45.

Indergiri Finance's long-term debt to total assets ratio increased from Dec. 2022 (0.00) to Mar. 2024 (0.45). It may suggest that Indergiri Finance is progressively becoming more dependent on debt to grow their business.

Indergiri Finance LT-Debt-to-Total-Asset Historical Data

The historical data trend for Indergiri 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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Indergiri Finance LT-Debt-to-Total-Asset Chart

Indergiri Finance Annual Data

Trend

Mar15

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Mar24

LT-Debt-to-Total-Asset

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0.45

Indergiri Finance Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															-	-	0.10	0.40	0.45

Indergiri Finance LT-Debt-to-Total-Asset Calculation

Indergiri 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 )
	=	37.222	/	83.624
	=	0.45

Indergiri 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 )
	=	37.222	/	83.624
	=	0.45

Indergiri Finance (BOM:531505) 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.

Indergiri Finance LT-Debt-to-Total-Asset Related Terms

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Indergiri Finance (BOM:531505) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Indergiri Finance Ltd (BOM:531505) » Definitions » LT-Debt-to-Total-Asset

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Address

Andheri Kurla Road, Unit No. 806, B Wing 8th Floor, Kanakia Wall Street, Chakala, Andheri East, Mumbai, MH, IND, 400093

Website

https://www.indergiri.com

Indergiri Finance Ltd is a non-banking finance company (NBFC). It is engaged in fund base business activities of leasing, hire purchase, lending, and investment besides non-fund based business activities like merchant banking, syndication, and arrangement of finance etc. The company operates mainly in the business segment of fund based financing activity. All activities of the business are carried out within India.

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