Jindal Leasefin (BOM:539947) LT-Debt-to-Total-Asset : 0.16 (As of Sep. 2024)

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What is Jindal Leasefin 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. Jindal Leasefin's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.16.

Jindal Leasefin's long-term debt to total assets ratio increased from Sep. 2023 (0.00) to Sep. 2024 (0.16). It may suggest that Jindal Leasefin is progressively becoming more dependent on debt to grow their business.

Jindal Leasefin LT-Debt-to-Total-Asset Historical Data

The historical data trend for Jindal Leasefin'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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Jindal Leasefin LT-Debt-to-Total-Asset Chart

Jindal Leasefin Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.05

Jindal Leasefin 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															-	-	0.05	-	0.16

Jindal Leasefin LT-Debt-to-Total-Asset Calculation

Jindal Leasefin'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 )
	=	4.619	/	93.791
	=	0.05

Jindal Leasefin'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 )
	=	20.157	/	123.511
	=

Jindal Leasefin (BOM:539947) 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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Jindal Leasefin Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Jindal Leasefin Ltd (BOM:539947) » Definitions » LT-Debt-to-Total-Asset

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Address

110, Babar Road, Opposite World Trade Centre, New Delhi, IND, 110001

Website

https://www.jindalleasefin.in

Jindal Leasefin Ltd is a non-banking financial company having diversified interests in the financial services sector. The segment consists of equipment leasing/hire purchase finance, loan and investment companies.

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