Axis Bank (BOM:532215) LT-Debt-to-Total-Asset : 0.15 (As of Mar. 2024)

View and export this data going back to 1998. Start your Free Trial

What is Axis Bank 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. Axis Bank's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.15.

Axis Bank's long-term debt to total assets ratio increased from Mar. 2023 (0.15) to Mar. 2024 (0.15). It may suggest that Axis Bank is progressively becoming more dependent on debt to grow their business.

Axis Bank LT-Debt-to-Total-Asset Historical Data

The historical data trend for Axis Bank'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.

* Premium members only.

Axis Bank LT-Debt-to-Total-Asset Chart

Axis Bank Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

Get a 7-Day Free Trial

0.16

0.13

0.15

Axis Bank 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															0.15	0.15	0.15	0.16	0.15

Axis Bank LT-Debt-to-Total-Asset Calculation

Axis Bank'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 )
	=	2281995.5	/	15182385.3
	=	0.15

Axis Bank'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 )
	=	2281995.5	/	15182385.3
	=	0.15

Axis Bank (BOM:532215) 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.

Axis Bank LT-Debt-to-Total-Asset Related Terms

Thank you for viewing the detailed overview of Axis Bank's LT-Debt-to-Total-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

Axis Bank (BOM:532215) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Axis Bank Ltd (BOM:532215) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

AXISBANK:India AXBl:UK AXB:UK UZC:Germany

Address

Pandurang Budhkar Marg, Axis House, C-2, Wadia International Centre, Worli, Mumbai, MH, IND, 400 025

Website

https://www.axisbank.com

Axis Bank Ltd is a full-service bank operating mostly in India. The bank operates under four segments: treasury, corporate/wholesale banking, retail banking, and other banking. Treasury operations include security investments and derivative trading. Corporate/wholesale banking solutions include mid/large corporate relationships, corporate advisory, project appraisals, and syndication. Retail banking solutions include lending to individual/small businesses, savings accounts, debit and credit cards, ATMs and mobile banking, personal loans. Other banking operations include third-party product distribution and other banking transactions. A plurality of the bank's loan and advances comes from its corporate customers, while a plurality of its fee income comes from its retail customers.

Axis Bank (BOM:532215) Headlines

No Headlines