Innokaiz India (BOM:543905) LT-Debt-to-Total-Asset : 0.15 (As of Sep. 2023)

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What is Innokaiz India 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. Innokaiz India's long-term debt to total assests ratio for the quarter that ended in Sep. 2023 was 0.15.

Innokaiz India's long-term debt to total assets ratio increased from Mar. 2022 (0.02) to Sep. 2023 (0.15). It may suggest that Innokaiz India is progressively becoming more dependent on debt to grow their business.

Innokaiz India LT-Debt-to-Total-Asset Historical Data

The historical data trend for Innokaiz India'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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Innokaiz India LT-Debt-to-Total-Asset Chart

Innokaiz India Annual Data

Trend

Mar20

Mar21

Mar22

LT-Debt-to-Total-Asset

0.03

0.02

Innokaiz India Semi-Annual Data
	Mar20	Mar21	Mar22	Sep22	Sep23
LT-Debt-to-Total-Asset	0.03	0.02	0.02	-	0.15

Innokaiz India LT-Debt-to-Total-Asset Calculation

Innokaiz India's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Mar. 2022 is calculated as

LT Debt to Total Assets (A: Mar. 2022 )	=	Long-Term Debt & Capital Lease Obligation (A: Mar. 2022 )	/	Total Assets (A: Mar. 2022 )
	=	7.425	/	497.247
	=	0.01

Innokaiz India's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2023 is calculated as

LT Debt to Total Assets (Q: Sep. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2023 )	/	Total Assets (Q: Sep. 2023 )
	=	134.312	/	915.286
	=	0.15

Innokaiz India (BOM:543905) 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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Innokaiz India (BOM:543905) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Innokaiz India Ltd (BOM:543905) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Josier Street, Flat No. 1, 4th Floor, Door No. 43, Old No. 22, Real Enclave, Nungambakkam, Chennai, TN, IND, 600034

Website

https://www.innokaizindia.com

Innokaiz India Ltd is a corporate services and solutions provider Company. The company offers a comprehensive range of services covering Advertising and Marketing Solutions including Digital Marketing, Corporate Travel Arrangements, Gifting Solutions, Event Management, etc. Geographically It operates only in India. It has also ventured into new business verticals i.e., E-Commerce Business.

Innokaiz India (BOM:543905) Headlines

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