L&T Finance Holdings (BOM:715032.PFD) LT-Debt-to-Total-Asset : 0.76 (As of Sep. 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 Sep. 2024 was 0.76.

L&T Finance Holdings's long-term debt to total assets ratio increased from Sep. 2023 (0.76) to Sep. 2024 (0.76). It may suggest that L&T Finance Holdings is progressively becoming more 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

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0.84

0.80

0.79

0.78

0.75

L&T Finance Holdings 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															0.76	-	0.75	-	0.76

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 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 )
	=	849850.1	/	1118154.5
	=	0.76

L&T Finance Holdings (BOM:715032.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 Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » L&T Finance Holdings Ltd (BOM:715032.PFD) » Definitions » LT-Debt-to-Total-Asset

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LTF:India 533519:India

Address

C.S.T. Road, Plot No. 177, Brindavan, Kalina, Santacruz (East), Mumbai, MH, IND, 400 098

Website

https://www.ltfs.com

L&T Finance Ltd is a registered non-banking financial institution operating in India. It has a lending business catering to the diverse financing needs of served and underserved customers. L&T Finance offers Personal loans, Two-Wheeler loans, Home loans, Rural Business loans, Farm loans, and SME loans.

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