Indian Overseas Bank (NSE:IOB) LT-Debt-to-Total-Asset : 0.09 (As of Mar. 2024)

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What is Indian Overseas Bank 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. Indian Overseas Bank's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.09.

Indian Overseas Bank's long-term debt to total assets ratio increased from Mar. 2023 (0.07) to Mar. 2024 (0.09). It may suggest that Indian Overseas Bank is progressively becoming more dependent on debt to grow their business.

Indian Overseas Bank LT-Debt-to-Total-Asset Historical Data

The historical data trend for Indian Overseas Bank'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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Indian Overseas Bank LT-Debt-to-Total-Asset Chart

Indian Overseas Bank Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.02

0.01

0.07

0.09

Indian Overseas Bank 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															0.07	0.06	0.09	0.09	0.09

Indian Overseas Bank LT-Debt-to-Total-Asset Calculation

Indian Overseas Bank'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 )
	=	303871.7	/	3518693.2
	=	0.09

Indian Overseas Bank'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 )
	=	303871.7	/	3518693.2
	=	0.09

Indian Overseas Bank (NSE:IOB) 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.

Indian Overseas Bank LT-Debt-to-Total-Asset Related Terms

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Indian Overseas Bank (NSE:IOB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Indian Overseas Bank (NSE:IOB) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

532388:India

Address

No. 763, Anna Salai, Chennai, TN, IND, 600 002

Website

https://www.iob.in

Indian Overseas Bank is engaged in banking sector. The bank is based in India and has branches in several Asian countries. The majority of revenue is earned domestically. Its segments are corporate/wholesale banking, treasury, retail banking and other banking operations. The corporate/wholesale banking provides working capital finance, term loans and loans for the information technology sector. The Treasury segment offers asset management services, credit cards, settlement services, and locker facilities while the retail banking segment provides current accounts, term deposits, retail loans, mortgages, insurance, and Internet banking.

Indian Overseas Bank (NSE:IOB) Headlines

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