Apeejay Surrendra Park Hotels (NSE:PARKHOTELS) LT-Debt-to-Total-Asset : 0.04 (As of Mar. 2024)

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What is Apeejay Surrendra Park Hotels 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. Apeejay Surrendra Park Hotels's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.04.

Apeejay Surrendra Park Hotels's long-term debt to total assets ratio declined from Mar. 2022 (0.40) to Mar. 2024 (0.04). It may suggest that Apeejay Surrendra Park Hotels is progressively becoming less dependent on debt to grow their business.

Apeejay Surrendra Park Hotels LT-Debt-to-Total-Asset Historical Data

The historical data trend for Apeejay Surrendra Park Hotels'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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Apeejay Surrendra Park Hotels LT-Debt-to-Total-Asset Chart

Apeejay Surrendra Park Hotels Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

0.38

0.40

0.04

Apeejay Surrendra Park Hotels Quarterly Data
	Mar21	Mar22	Sep22	Mar23	Sep23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial			0.40	-	0.40	0.38	0.04

Apeejay Surrendra Park Hotels LT-Debt-to-Total-Asset Calculation

Apeejay Surrendra Park Hotels'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 )
	=	640.9	/	14761.2
	=	0.04

Apeejay Surrendra Park Hotels'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 )
	=	640.9	/	14761.2
	=

Apeejay Surrendra Park Hotels (NSE:PARKHOTELS) 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.

Apeejay Surrendra Park Hotels LT-Debt-to-Total-Asset Related Terms

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Apeejay Surrendra Park Hotels (NSE:PARKHOTELS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Apeejay Surrendra Park Hotels Ltd (NSE:PARKHOTELS) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

544111:India

Address

N80, Connaught Place, New Delhi, IND, 110001

Website

https://www.theparkhotels.com

Apeejay Surrendra Park Hotels Ltd is engaged in hotel business. It operate hotels under following four brands, namely "THE PARK, "THE PARK Collection", "Zone by The Park", "Zone Connect by The Park" and have recently launched economy motel brand, "Stop by Zone".

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