Five-Star Business Finance (BOM:543663) LT-Debt-to-Total-Asset : 0.54 (As of Mar. 2024)

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What is Five-Star Business 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. Five-Star Business Finance's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.54.

Five-Star Business Finance's long-term debt to total assets ratio increased from Mar. 2023 (0.49) to Mar. 2024 (0.54). It may suggest that Five-Star Business Finance is progressively becoming more dependent on debt to grow their business.

Five-Star Business Finance LT-Debt-to-Total-Asset Historical Data

The historical data trend for Five-Star Business 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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Five-Star Business Finance LT-Debt-to-Total-Asset Chart

Five-Star Business Finance Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

0.40

0.41

0.21

0.49

0.54

Five-Star Business Finance Quarterly Data
	Mar20	Mar21	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial								0.49	-	0.50	-	0.54

Five-Star Business Finance LT-Debt-to-Total-Asset Calculation

Five-Star Business 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 )
	=	63158.451	/	116887.792
	=	0.54

Five-Star Business Finance'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 )
	=	63158.451	/	116887.792
	=	0.54

Five-Star Business Finance (BOM:543663) 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.

Five-Star Business Finance LT-Debt-to-Total-Asset Related Terms

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Five-Star Business Finance (BOM:543663) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Five-Star Business Finance Ltd (BOM:543663) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

FIVESTAR:India

Address

New No. 27, Old No. 4, Taylor's Road, Kilpauk, Chennai, TN, IND, 600 010

Website

https://www.fivestargroup.in

Five-Star Business Finance Ltd provides secured loans to micro-entrepreneurs and self-employed individuals for business purposes, as well as for asset creation such as home renovation or improvement, or for meeting expenses for significant economic events such as marriage, healthcare and education.

Five-Star Business Finance (BOM:543663) Headlines

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