INOX Green Energy Services (BOM:543667) LT-Debt-to-Total-Asset : 0.04 (As of Mar. 2024)

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What is INOX Green Energy Services 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. INOX Green Energy Services's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.04.

INOX Green Energy Services's long-term debt to total assets ratio increased from Dec. 2022 (0.00) to Mar. 2024 (0.04). It may suggest that INOX Green Energy Services is progressively becoming more dependent on debt to grow their business.

INOX Green Energy Services LT-Debt-to-Total-Asset Historical Data

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

INOX Green Energy Services Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

0.15

0.19

0.15

0.12

0.04

INOX Green Energy Services Quarterly Data
	Mar20	Mar21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial						-	0.12	0.04	-	0.04

INOX Green Energy Services LT-Debt-to-Total-Asset Calculation

INOX Green Energy Services'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 )
	=	796.1	/	20825.2
	=	0.04

INOX Green Energy Services'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 )
	=	796.1	/	20825.2
	=	0.04

INOX Green Energy Services (BOM:543667) 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.

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INOX Green Energy Services (BOM:543667) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » INOX Green Energy Services Ltd (BOM:543667) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

INOXGREEN:India

Address

Inox Towers, Plot No. 17, Sector-16A, Noida, UP, IND, 201 301

Website

https://www.inoxgreen.com

INOX Green Energy Services Ltd is a wind power operation and maintenance (O&M) service providers within India. It is engaged in the business of providing long-term O&M services for wind projects, specifically the provision of O&M services for wind turbine generators and the common infrastructure facilities.

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