Next Mediaworks (NSE:NEXTMEDIA) LT-Debt-to-Total-Asset : 2.68 (As of Mar. 2024)

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What is Next Mediaworks 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. Next Mediaworks's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 2.68.

Next Mediaworks's long-term debt to total assets ratio increased from Mar. 2023 (1.71) to Mar. 2024 (2.68). It may suggest that Next Mediaworks is progressively becoming more dependent on debt to grow their business.

Next Mediaworks LT-Debt-to-Total-Asset Historical Data

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

Next Mediaworks Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.74

1.30

1.54

1.71

2.68

Next Mediaworks 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															1.71	-	1.89	-	2.68

Next Mediaworks LT-Debt-to-Total-Asset Calculation

Next Mediaworks'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 )
	=	2112.6	/	788.6
	=	2.68

Next Mediaworks'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 )
	=	2112.6	/	788.6
	=	2.68

Next Mediaworks (NSE:NEXTMEDIA) 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.

Next Mediaworks LT-Debt-to-Total-Asset Related Terms

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Next Mediaworks (NSE:NEXTMEDIA) Business Description

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GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Next Mediaworks Ltd (NSE:NEXTMEDIA) » Definitions » LT-Debt-to-Total-Asset

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532416:India

Address

18-20, Kasturba Gandhi Marg, Hindustan Times House, 2nd Floor, New Delhi, IND, 110001

Website

https://www.nextmediaworks.com

Next Mediaworks Ltd is an Indian based company engaged in the FM Radio broadcasting business. It operates under frequency 94.3MHz in all its cities except for the city of Ahmedabad where it operates under the frequency 95 MHz. The company has one operating segment, i.e. Media and Entertainment.

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