Karnavati Finance (BOM:538928) LT-Debt-to-Total-Asset : 0.49 (As of Sep. 2024)

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What is Karnavati 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. Karnavati Finance's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.49.

Karnavati Finance's long-term debt to total assets ratio declined from Sep. 2023 (0.54) to Sep. 2024 (0.49). It may suggest that Karnavati Finance is progressively becoming less dependent on debt to grow their business.

Karnavati Finance LT-Debt-to-Total-Asset Historical Data

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

Karnavati Finance Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.46

0.29

0.08

0.47

0.54

Karnavati Finance 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															0.54	-	0.54	-	0.49

Karnavati Finance LT-Debt-to-Total-Asset Calculation

Karnavati 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 )
	=	155.461	/	287.311
	=	0.54

Karnavati Finance'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 )
	=	116.677	/	240.242
	=	0.49

Karnavati Finance (BOM:538928) 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.

Karnavati Finance LT-Debt-to-Total-Asset Related Terms

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Karnavati Finance Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Karnavati Finance Ltd (BOM:538928) » Definitions » LT-Debt-to-Total-Asset

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Address

30H Parsi Panchayat Road, Vraj, 2nd Floor, Simran Centre, Mogra Village, Andheri (East), Mumbai, MH, IND, 400053

Website

https://www.karnavatifinancelimited.com

Karnavati Finance Ltd is a non-banking financial company. The company provides lending, financing and wealth management solutions. It offers customized solutions in areas of personal and business loans, corporate finance, mortgages, capital market-based lending, project loans, structured finance, wealth management and digital lending, debt capital markets and syndication. The company generates revenue in the form of Interest Income.

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