Modis Navnirman (BOM:543539) LT-Debt-to-Total-Asset : 0.05 (As of Sep. 2024)

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What is Modis Navnirman 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. Modis Navnirman's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.05.

Modis Navnirman's long-term debt to total assets ratio declined from Sep. 2023 (0.20) to Sep. 2024 (0.05). It may suggest that Modis Navnirman is progressively becoming less dependent on debt to grow their business.

Modis Navnirman LT-Debt-to-Total-Asset Historical Data

The historical data trend for Modis Navnirman'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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Modis Navnirman LT-Debt-to-Total-Asset Chart

Modis Navnirman Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

0.25

0.07

0.63

0.13

0.05

Modis Navnirman Semi-Annual Data
	Mar20	Mar21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial			0.05	0.13	0.20	0.05	0.05

Modis Navnirman LT-Debt-to-Total-Asset Calculation

Modis Navnirman'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 )
	=	57.865	/	1126.899
	=	0.05

Modis Navnirman'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 )
	=	60.8	/	1338.05
	=	0.05

Modis Navnirman (BOM:543539) 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.

Modis Navnirman LT-Debt-to-Total-Asset Related Terms

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Modis Navnirman Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Modis Navnirman Ltd (BOM:543539) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

M G Road, Shop No. 1, Rashmi Heights, Opposite Kamla Nagar, Kandivali (West), Mumbai, MH, IND, 400067

Website

https://www.modisnirman.com

Modis Navnirman Ltd is engaged in the real estate sector. It focuses on the mid-market and affordable housing categories as its target segment within the residential housing market. The company's projects are located in the western suburbs of Mumbai specifically in and around the areas of Borivali, Kandivali, Malad and Goregaon. The company projects are Rashmi Enclave, Badshah Residency, Rashmi Jewel, Rashmi Terrace and others.

Modis Navnirman Headlines

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