Tamilnad Mercantile Bank (NSE:TMB) LT-Debt-to-Total-Asset : 0.00 (As of Dec. 2024)

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What is Tamilnad Mercantile 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. Tamilnad Mercantile Bank's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.00.

Tamilnad Mercantile Bank's long-term debt to total assets ratio declined from Dec. 2023 (0.02) to Dec. 2024 (0.00). It may suggest that Tamilnad Mercantile Bank is progressively becoming less dependent on debt to grow their business.

Tamilnad Mercantile Bank LT-Debt-to-Total-Asset Historical Data

The historical data trend for Tamilnad Mercantile 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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Tamilnad Mercantile Bank LT-Debt-to-Total-Asset Chart

Tamilnad Mercantile Bank Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

0.01

Tamilnad Mercantile Bank Quarterly Data
	Mar20	Mar21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial											0.02	0.01	0.03	0.03	-

Tamilnad Mercantile Bank LT-Debt-to-Total-Asset Calculation

Tamilnad Mercantile 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 )
	=	4995.36	/	615524.601
	=	0.01

Tamilnad Mercantile Bank's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (Q: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2024 )	/	Total Assets (Q: Dec. 2024 )
	=	0	/	0
	=

Tamilnad Mercantile Bank (NSE:TMB) 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.

Tamilnad Mercantile Bank LT-Debt-to-Total-Asset Related Terms

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Tamilnad Mercantile Bank Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Tamilnad Mercantile Bank Ltd (NSE:TMB) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

543596:India

Address

No. 57, Victoria Extension Road, Tuticorin, TN, IND, 628 002

Website

https://www.tmb.in

Tamilnad Mercantile Bank Ltd is the oldest private sector bank in India. It offers an array of banking and financial services to retail customers, micro, small, and medium enterprises (MSMEs), and more. The company has a portfolio of advances and deposits from a diversified customer base including retail customers, agricultural customers, and MSMEs. The segments of the bank are Treasury, Corporate and Wholesale banking, Retail banking, and Other banking business services. It generates the majority of its revenue from the Retail banking segment.