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L&T Finance Holdings (BOM:715007.PFD) LT-Debt-to-Total-Asset : 0.75 (As of Mar. 2024)


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What is L&T Finance Holdings 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. L&T Finance Holdings's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.75.

L&T Finance Holdings's long-term debt to total assets ratio declined from Mar. 2023 (0.78) to Mar. 2024 (0.75). It may suggest that L&T Finance Holdings is progressively becoming less dependent on debt to grow their business.

L&T Finance Holdings LT-Debt-to-Total-Asset Historical Data

The historical data trend for L&T Finance Holdings'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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L&T Finance Holdings LT-Debt-to-Total-Asset Chart

L&T Finance Holdings Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
LT-Debt-to-Total-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.84 0.80 0.79 0.78 0.75

L&T Finance Holdings Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
LT-Debt-to-Total-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.78 - 0.76 - 0.75

L&T Finance Holdings LT-Debt-to-Total-Asset Calculation

L&T Finance Holdings'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 )
=766034.5/1027175.5
=0.75

L&T Finance Holdings'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 )
=766034.5/1027175.5
=0.75

* 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.

L&T Finance Holdings  (BOM:715007.PFD) 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.

L&T Finance Holdings LT-Debt-to-Total-Asset Related Terms

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L&T Finance Holdings (BOM:715007.PFD) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » L&T Finance Holdings Ltd (BOM:715007.PFD) » Definitions » LT-Debt-to-Total-Asset
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NSE:SUNDARMFIN NSE:M&MFIN BOM:524000 BOM:541770 BOM:532636 BOM:504973 BOM:543663 BOM:531595 NSE:HUDCO BOM:533398 V MA AXP PYPL BOM:500034 COF TSE:8591 DFS XPAR:EDEN NSE:CHOLAFIN
Traded in Other Exchanges
L&TFH:India 533519:India
Address
Plot No. 177, C.S.T. Road, Brindavan, Kalina, Santacruz (East), Mumbai, MH, IND, 400 098
Website
https://www.ltfs.com
L&T Finance Holdings Ltd is a registered non-banking financial institution operating in India. The company operates through five main segments namely Retail business; Wholesale business; Defocused business and others. It generates maximum revenue from the Retail business segment. Retail Finance comprises of Farmer Finance (Farm Equipment Finance and Agri Allied Finance), Rural Business Finance (Micro Finance Loans and Rural Business loans), Urban Finance (Two wheeler Finance, Consumer Loans, Retail Housing Loans and Loans against Property), SME Loans and Retail Portfolio Acquisitions.

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