Mufin Green Finance (BOM:542774) LT-Debt-to-Total-Asset : 0.69 (As of Sep. 2024)

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What is Mufin Green 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. Mufin Green Finance's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.69.

Mufin Green Finance's long-term debt to total assets ratio increased from Sep. 2023 (0.68) to Sep. 2024 (0.69). It may suggest that Mufin Green Finance is progressively becoming more dependent on debt to grow their business.

Mufin Green Finance LT-Debt-to-Total-Asset Historical Data

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

Mufin Green Finance Annual Data

Trend

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.23

0.30

Mufin Green 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															0.68	-	0.30	-	0.69

Mufin Green Finance LT-Debt-to-Total-Asset Calculation

Mufin Green 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 )
	=	2754.282	/	9255.832
	=	0.30

Mufin Green 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 )
	=	6777.296	/	9844.06
	=	0.69

Mufin Green Finance (BOM:542774) 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.

Mufin Green Finance LT-Debt-to-Total-Asset Related Terms

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Mufin Green Finance Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Mufin Green Finance Ltd (BOM:542774) » Definitions » LT-Debt-to-Total-Asset

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MUFIN:India

Address

201, 2nd Floor, Best Sky Tower, Netaji Subhash Place, New Delhi, IND, 110034

Website

https://www.mufingreenfinance.com

Mufin Green Finance Ltd is an Indian non-banking finance company. The company provides financial services. The company has only one line of business that is Financing and Investment Activities. It derives revenue mainly from interest income.

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