Superior Finlease (BOM:539835) LT-Debt-to-Total-Asset : 0.92 (As of Sep. 2024)

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What is Superior Finlease 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. Superior Finlease's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.92.

Superior Finlease's long-term debt to total assets ratio declined from Sep. 2023 (0.92) to Sep. 2024 (0.92). It may suggest that Superior Finlease is progressively becoming less dependent on debt to grow their business.

Superior Finlease LT-Debt-to-Total-Asset Historical Data

The historical data trend for Superior Finlease'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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Superior Finlease LT-Debt-to-Total-Asset Chart

Superior Finlease Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.89

0.95

0.92

0.91

0.92

Superior Finlease 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															0.92	-	0.92	-	0.92

Superior Finlease LT-Debt-to-Total-Asset Calculation

Superior Finlease'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 )
	=	449.903	/	489.551
	=	0.92

Superior Finlease'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 )
	=	453.403	/	494.162
	=	0.92

Superior Finlease (BOM:539835) 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.

Superior Finlease LT-Debt-to-Total-Asset Related Terms

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Superior Finlease Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Superior Finlease Ltd (BOM:539835) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

Ranaji Enclave, NS-92, Khasra No-33/21, Near Arjun Park Bus Stand, Najafgarh, New Delhi, IND, 110043

Website

http://www.superiorfinlease.com

Superior Finlease Ltd is an India-based company non-banking financial company. The business of the company is to finance industrial enterprises or other persons by way of lending and advancing money.

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