KPI Green Energy (BOM:542323) LT-Debt-to-Total-Asset : 0.26 (As of Mar. 2024)

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What is KPI Green Energy 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. KPI Green Energy's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.26.

KPI Green Energy's long-term debt to total assets ratio declined from Mar. 2023 (0.45) to Mar. 2024 (0.26). It may suggest that KPI Green Energy is progressively becoming less dependent on debt to grow their business.

KPI Green Energy LT-Debt-to-Total-Asset Historical Data

The historical data trend for KPI Green Energy'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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KPI Green Energy LT-Debt-to-Total-Asset Chart

KPI Green Energy Annual Data

Trend

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.36

0.60

0.51

0.45

0.26

KPI Green Energy Quarterly Data
	Sep18	Mar19	Sep19	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															0.45	-	0.44	-	0.26

KPI Green Energy LT-Debt-to-Total-Asset Calculation

KPI Green Energy'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 )
	=	6216.588	/	24359.343
	=	0.26

KPI Green Energy'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 )
	=	6216.588	/	24359.343
	=	0.26

KPI Green Energy (BOM:542323) 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.

KPI Green Energy LT-Debt-to-Total-Asset Related Terms

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KPI Green Energy (BOM:542323) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » KPI Green Energy Ltd (BOM:542323) » Definitions » LT-Debt-to-Total-Asset

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KPIGREEN:India

Address

Canal Road, Bhatar Road, KP House, Opposite Ishwar Farm Junction BRTS, Near Bliss IVF Circle, Surat, GJ, IND, 395017

Website

https://www.kpigreenenergy.com

KPI Green Energy Ltd Ltd is a solar power generating company. The company develops, builds, owns, operates, and maintains solar power plants as an Independent Power Producer (IPP) and as a service provider to Captive Power Producers (CPP) under the brand name Solarism. Its operating segment includes the Sale of Power and Solar power plants; and the Sale of Plots. The company generates maximum revenue from the Sale of Power and power plants segment. Geographically, it operates only in India.

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