IFCI (NSE:IFCI) LT-Debt-to-Total-Asset : 0.28 (As of Mar. 2024)

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What is IFCI 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. IFCI's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.28.

IFCI's long-term debt to total assets ratio declined from Mar. 2023 (0.36) to Mar. 2024 (0.28). It may suggest that IFCI is progressively becoming less dependent on debt to grow their business.

IFCI LT-Debt-to-Total-Asset Historical Data

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

IFCI Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.56

0.55

0.46

0.36

0.28

IFCI 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															0.36	-	0.35	-	0.28

IFCI LT-Debt-to-Total-Asset Calculation

IFCI'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 )
	=	53669.8	/	189175.7
	=	0.28

IFCI'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 )
	=	53669.8	/	189175.7
	=	0.28

IFCI (NSE:IFCI) 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.

IFCI LT-Debt-to-Total-Asset Related Terms

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IFCI (NSE:IFCI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » IFCI Ltd (NSE:IFCI) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

500106:India

Address

IFCI Towers, 61 Nehru Place, New Delhi, IND, 110 019

Website

https://www.ifciltd.com

IFCI Ltd is a financial services company, which provides funding for industrial companies in India. The financing activities cover various kinds of projects such as airports, roads, telecom, power, real estate, manufacturing, services sector and such other allied industries. Lending operations comprise the vast majority of the company's business, and majority of the company's revenue consists of interest income on loans IFCI makes. The Company has played a decisive role in setting up various reputed market intermediaries like stock exchanges, entrepreneurship development organizations, consultancy organizations, educational and skill development institutions across the country.

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