Tourism Finance of India (NSE:TFCILTD) LT-Debt-to-Total-Asset : 0.46 (As of Sep. 2024)

View and export this data going back to 2000. Start your Free Trial

What is Tourism Finance of India 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. Tourism Finance of India's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.46.

Tourism Finance of India's long-term debt to total assets ratio declined from Sep. 2023 (0.52) to Sep. 2024 (0.46). It may suggest that Tourism Finance of India is progressively becoming less dependent on debt to grow their business.

Tourism Finance of India LT-Debt-to-Total-Asset Historical Data

The historical data trend for Tourism Finance of India'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.

* Premium members only.

Tourism Finance of India LT-Debt-to-Total-Asset Chart

Tourism Finance of India Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

Get a 7-Day Free Trial

0.54

0.42

0.30

0.37

0.40

Tourism Finance of India 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															0.52	-	0.40	-	0.46

Tourism Finance of India LT-Debt-to-Total-Asset Calculation

Tourism Finance of India'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 )
	=	8434.168	/	21058.904
	=	0.40

Tourism Finance of India'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 )
	=	10347.694	/	22403.401
	=	0.46

Tourism Finance of India (NSE:TFCILTD) 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.

Tourism Finance of India LT-Debt-to-Total-Asset Related Terms

Thank you for viewing the detailed overview of Tourism Finance of India's LT-Debt-to-Total-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

Tourism Finance of India Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Tourism Finance Corp of India Ltd (NSE:TFCILTD) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

526650:India

Address

4th Floor, Tower 1, NBCC Plaza, Pushp Vihar, Sector-V, Saket, New Delhi, IND, 110 017

Website

https://www.tfciltd.com

Tourism Finance Corp of India Ltd is engaged in the provision of financial services. It provides financial assistance by way of rupee term loans, subscriptions to equity/debentures, and corporate loans mainly to hotel projects, amusement parks, ropeways, multiplexes, restaurants, and others. The company products and services include tourism project financing, other financings, and tourism advisory services. Its only operating segment being Financing and Investment Activities. Geographically, the company derives a majority of revenue from India.

Tourism Finance of India Headlines

No Headlines