Indostar Capital Finance (BOM:541336) LT-Debt-to-Total-Asset : 0.55 (As of Sep. 2024)

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What is Indostar Capital 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. Indostar Capital Finance's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.55.

Indostar Capital Finance's long-term debt to total assets ratio declined from Sep. 2023 (0.62) to Sep. 2024 (0.55). It may suggest that Indostar Capital Finance is progressively becoming less dependent on debt to grow their business.

Indostar Capital Finance LT-Debt-to-Total-Asset Historical Data

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

Indostar Capital Finance Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.45

0.29

0.31

0.40

0.41

Indostar Capital 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															0.62	-	0.41	-	0.55

Indostar Capital Finance LT-Debt-to-Total-Asset Calculation

Indostar Capital 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 )
	=	45532.799	/	111206.988
	=	0.41

Indostar Capital 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 )
	=	71891.7	/	130270.2
	=	0.55

Indostar Capital Finance (BOM:541336) 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.

Indostar Capital Finance LT-Debt-to-Total-Asset Related Terms

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Indostar Capital Finance Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Indostar Capital Finance Ltd (BOM:541336) » Definitions » LT-Debt-to-Total-Asset

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INDOSTAR:India

Address

Opposite P & G Plaza, Cardinal Gracious Road, Silver Utopia, Third Floor, Unit No 301-A, Chakala, Andheri (E), Mumbai, MH, IND, 400099

Website

https://www.indostarcapital.com

Indostar Capital Finance Ltd is a non-banking finance company that operates in various segments, including Large Corporate, SME, Commercial vehicle, and Housing Finance. The majority of its revenue comes from the Commercial vehicles segment, which mainly consists of financing for both used and new vehicles.

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