Thomas Cook India (NSE:THOMASCOOK) LT-Debt-to-Total-Asset : 0.04 (As of Mar. 2024)

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What is Thomas Cook 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. Thomas Cook India's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.04.

Thomas Cook India's long-term debt to total assets ratio declined from Mar. 2023 (0.04) to Mar. 2024 (0.04). It may suggest that Thomas Cook India is progressively becoming less dependent on debt to grow their business.

Thomas Cook India LT-Debt-to-Total-Asset Historical Data

The historical data trend for Thomas Cook 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.

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Thomas Cook India LT-Debt-to-Total-Asset Chart

Thomas Cook India Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.07

0.05

0.04

Thomas Cook India 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															0.04	-	0.04	-	0.04

Thomas Cook India LT-Debt-to-Total-Asset Calculation

Thomas Cook 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 )
	=	2548.8	/	64167.1
	=	0.04

Thomas Cook India'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 )
	=	2548.8	/	64167.1
	=	0.04

Thomas Cook India (NSE:THOMASCOOK) 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.

Thomas Cook India LT-Debt-to-Total-Asset Related Terms

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Thomas Cook India (NSE:THOMASCOOK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Thomas Cook India Ltd (NSE:THOMASCOOK) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

500413:India

Address

N.M. Joshi Marg, 11th Floor, Marathon Futurex, Lower Parel (East), Mumbai, MH, IND, 400013

Website

https://www.thomascook.in

Thomas Cook India Ltd is a travel and tourism company domiciled in India. The company's segment includes Financial Services; Travel and related services; Leisure Hospitality and Resorts business and Digiphoto imaging services. It generates maximum revenue from the Travel and related services segment. Travel and related services include tour operations, travel management, visa services and travel insurance and related services.

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