Shri Niwas Leasing And Finance (BOM:538897) LT-Debt-to-Total-Asset : 0.06 (As of Mar. 2024)

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What is Shri Niwas Leasing And 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. Shri Niwas Leasing And Finance's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.06.

Shri Niwas Leasing And Finance's long-term debt to total assets ratio increased from Mar. 2023 (0.00) to Mar. 2024 (0.06). It may suggest that Shri Niwas Leasing And Finance is progressively becoming more dependent on debt to grow their business.

Shri Niwas Leasing And Finance LT-Debt-to-Total-Asset Historical Data

The historical data trend for Shri Niwas Leasing And 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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Shri Niwas Leasing And Finance LT-Debt-to-Total-Asset Chart

Shri Niwas Leasing And Finance Annual Data

Trend

Mar15

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Mar19

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Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.06

Shri Niwas Leasing And 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															-	-	0.10	-	0.06

Shri Niwas Leasing And Finance LT-Debt-to-Total-Asset Calculation

Shri Niwas Leasing And 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 )
	=	2.085	/	35.608
	=	0.06

Shri Niwas Leasing And 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 )
	=	2.085	/	35.608
	=	0.06

Shri Niwas Leasing And Finance (BOM:538897) 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.

Shri Niwas Leasing And Finance LT-Debt-to-Total-Asset Related Terms

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Shri Niwas Leasing And Finance (BOM:538897) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Shri Niwas Leasing And Finance Ltd (BOM:538897) » Definitions » LT-Debt-to-Total-Asset

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Address

47/18, Rajendra Place Metro Station, Old Rajinder Nagar, New Delhi, IND, 110060

Website

https://www.shriniwasleasingfinance.com

Shri Niwas Leasing And Finance Ltd is an India-based non-banking financial company. The company is engaged in offering loans and advances to customers who meet the eligibility criteria for availing services of the company.

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