Joindre Capital Services (BOM:531861) LT-Debt-to-Total-Asset : 0.07 (As of Sep. 2024)

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What is Joindre Capital Services 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. Joindre Capital Services's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.07.

Joindre Capital Services's long-term debt to total assets ratio increased from Sep. 2023 (0.01) to Sep. 2024 (0.07). It may suggest that Joindre Capital Services is progressively becoming more dependent on debt to grow their business.

Joindre Capital Services LT-Debt-to-Total-Asset Historical Data

The historical data trend for Joindre Capital Services'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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Joindre Capital Services LT-Debt-to-Total-Asset Chart

Joindre Capital Services Annual Data

Trend

Mar15

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Mar24

LT-Debt-to-Total-Asset

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0.01

Joindre Capital Services 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															0.01	-	-	-	0.07

Joindre Capital Services LT-Debt-to-Total-Asset Calculation

Joindre Capital Services'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 )
	=	6.226	/	1738.061
	=	0.00

Joindre Capital Services'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 )
	=	131.865	/	1881.329
	=	0.07

Joindre Capital Services (BOM:531861) 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.

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Joindre Capital Services Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Joindre Capital Services Ltd (BOM:531861) » Definitions » LT-Debt-to-Total-Asset

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Address

Homi Modi Street, 9/15 Bansilal Building, Office No. 29-32, 3rd Floor, Fort, Mumbai, MH, IND, 400023

Website

https://www.joindre.com

Joindre Capital Services Ltd is engaged in the capital market business sector. The company provides various services like retail investment, institutional broking, mutual fund, derivatives, initial public offerings, internet trading, research, and others. The company has one business segment that is stock broking business and allied activities.

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