Kotak Mahindra Bank (NSE:KOTAKBANK) LT-Debt-to-Total-Asset : 0.10 (As of Sep. 2024)

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What is Kotak Mahindra 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. Kotak Mahindra Bank's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.10.

Kotak Mahindra Bank's long-term debt to total assets ratio increased from Sep. 2023 (0.09) to Sep. 2024 (0.10). It may suggest that Kotak Mahindra Bank is progressively becoming more dependent on debt to grow their business.

Kotak Mahindra Bank LT-Debt-to-Total-Asset Historical Data

The historical data trend for Kotak Mahindra 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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Kotak Mahindra Bank LT-Debt-to-Total-Asset Chart

Kotak Mahindra Bank Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.15

0.10

0.08

0.10

Kotak Mahindra Bank 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															0.09	-	0.10	-	0.10

Kotak Mahindra Bank LT-Debt-to-Total-Asset Calculation

Kotak Mahindra 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 )
	=	751056.062	/	7676669.59
	=	0.10

Kotak Mahindra Bank'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 )
	=	770709.5	/	8049812.3
	=	0.10

Kotak Mahindra Bank (NSE:KOTAKBANK) 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.

Kotak Mahindra Bank LT-Debt-to-Total-Asset Related Terms

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Kotak Mahindra Bank Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Kotak Mahindra Bank Ltd (NSE:KOTAKBANK) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

500247:India

Address

27BKC, C-27, G-Block, Bandra Kurla Complex, Bandra (East), Mumbai, MH, IND, 400051

Website

https://www.kotak.com

Kotak Mahindra Bank Ltd is an Indian banking and finance group offering personal finance solutions, transaction banking, operating lending verticals, managing IPOs, and providing working capital loans. The company's operating segment includes Treasury, (Balance Sheet Management Unit)BMU and Corporate Centre, Retail Banking, Corporate/Wholesale Banking, Vehicle Financing, Other Lending Activities, Broking, Advisory and Transactional Services, Asset Management, and Insurance. It generates the highest revenue from the Retail Banking segment. Some of its services include savings accounts, safe deposit locker, recurring deposits, sweep-in facility, debit and credit cards, home loans, life insurance, portfolio management services, and others.

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