Bajaj Finserv (BOM:532978) LT-Debt-to-Total-Asset : 0.43 (As of Mar. 2024)

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What is Bajaj Finserv 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. Bajaj Finserv's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.43.

Bajaj Finserv's long-term debt to total assets ratio increased from Mar. 2023 (0.38) to Mar. 2024 (0.43). It may suggest that Bajaj Finserv is progressively becoming more dependent on debt to grow their business.

Bajaj Finserv LT-Debt-to-Total-Asset Historical Data

The historical data trend for Bajaj Finserv'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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Bajaj Finserv LT-Debt-to-Total-Asset Chart

Bajaj Finserv Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.41

0.33

0.36

0.38

0.43

Bajaj Finserv 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															0.38	-	0.42	-	0.43

Bajaj Finserv LT-Debt-to-Total-Asset Calculation

Bajaj Finserv'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 )
	=	2287817	/	5379296.3
	=	0.43

Bajaj Finserv'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 )
	=	2287817	/	5379296.3
	=	0.43

Bajaj Finserv (BOM:532978) 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.

Bajaj Finserv LT-Debt-to-Total-Asset Related Terms

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Bajaj Finserv (BOM:532978) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Bajaj Finserv Ltd (BOM:532978) » Definitions » LT-Debt-to-Total-Asset

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BAJAJFINSV:India

Address

Off Pune-Ahmednagar Road, 6th Floor, Bajaj Finserv Corporate Office, Viman Nagar, Pune, MH, IND, 411 014

Website

https://www.bajajfinserv.in

Bajaj Finserv Ltd is a non-banking financial services company headquartered in India that engages in lending activities. It services six lending verticals: consumer, small and midsize enterprises, commercial, rural, deposits, and partnerships and services. Bajaj's consumer and rural lending consists of funding solutions for consumer durables, such as vehicles and furniture to personal loans. The commercial lending activities consist of funding for plant and machinery assets and term loans to SMEs. Its mortgage lending activities consist of loans for residential and commercial properties and developer financing, among others. The company operates in India, with most of its revenue coming from Premium and other operating income from the insurance business.

Bajaj Finserv (BOM:532978) Headlines

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