The Orissa Minerals Development Co (BOM:590086) LT-Debt-to-Total-Asset : 0.02 (As of Sep. 2024)

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What is The Orissa Minerals Development Co 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. The Orissa Minerals Development Co's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.02.

The Orissa Minerals Development Co's long-term debt to total assets ratio increased from Sep. 2023 (0.02) to Sep. 2024 (0.02). It may suggest that The Orissa Minerals Development Co is progressively becoming more dependent on debt to grow their business.

The Orissa Minerals Development Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for The Orissa Minerals Development Co'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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The Orissa Minerals Development Co LT-Debt-to-Total-Asset Chart

The Orissa Minerals Development Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.51

0.67

0.29

0.02

The Orissa Minerals Development Co 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															0.02	-	0.02	-	0.02

The Orissa Minerals Development Co LT-Debt-to-Total-Asset Calculation

The Orissa Minerals Development Co'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 )
	=	70.448	/	3417.325
	=	0.02

The Orissa Minerals Development Co'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 )
	=	70.448	/	3505.17
	=	0.02

The Orissa Minerals Development Co (BOM:590086) 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.

The Orissa Minerals Development Co LT-Debt-to-Total-Asset Related Terms

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The Orissa Minerals Development Co Business Description

Industry

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ORISSAMINE:India

Address

C/O-SAIL Office, Plot 271, Bidyut Marg, Ground Floor, Unit - IV, Shastri Nagar, Bhubaneswar, OR, IND, 751 001

Website

https://www.birdgroup.co.in

The Orissa Minerals Development Co Ltd is an iron ore mining company in India. It operating segment include Iron Ore; Manganese and Sponge Iron.

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