Indiabulls Housing Finance (BOM:535789) LT-Debt-to-Total-Asset : 0.66 (As of Mar. 2024)

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What is Indiabulls Housing 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. Indiabulls Housing Finance's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.66.

Indiabulls Housing Finance's long-term debt to total assets ratio declined from Mar. 2023 (0.70) to Mar. 2024 (0.66). It may suggest that Indiabulls Housing Finance is progressively becoming less dependent on debt to grow their business.

Indiabulls Housing Finance LT-Debt-to-Total-Asset Historical Data

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

Indiabulls Housing Finance Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.78

0.74

0.70

0.66

Indiabulls Housing Finance 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															0.70	-	0.66	-	0.66

Indiabulls Housing Finance LT-Debt-to-Total-Asset Calculation

Indiabulls Housing 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 )
	=	484934.2	/	730664
	=	0.66

Indiabulls Housing 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 )
	=	484934.2	/	730664
	=	0.66

Indiabulls Housing Finance (BOM:535789) 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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Indiabulls Housing Finance (BOM:535789) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Indiabulls Housing Finance Ltd (BOM:535789) » Definitions » LT-Debt-to-Total-Asset

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890192:India IBULHSGFIN:India

Address

Senapati Bapat Marg, Elphinstone Road, 18th Floor, One Internaonal Centre, Tower 1, Mumbai, MH, IND, 400 013

Website

https://www.indiabullshomeloans.com

Indiabulls Housing Finance Ltd operates as a private housing finance company in India. The company has businesses spread across housing finance, real estate, and wealth management. Indiabulls offers home loans for resident Indians as well as non-residents. The company is focused on home loans in the affordable housing segment. The company's strategy focuses on educating the customer through convenient, scalable services. Indiabulls also works on effective technology deployment in order to streamline its operations with a focus on payment collection.

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