NVL (Novelis) LT-Debt-to-Total-Asset: 0.33 (As of Mar. 2024)

What is Novelis LT-Debt-to-Total-Asset?

Novelis NVL LT-Debt-to-Total-Asset is 0.33 as of Mar. 2024.

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. Novelis's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.33.

Novelis's long-term debt to total assets ratio declined from Mar. 2023 (0.34) to Mar. 2024 (0.33). It may suggest that Novelis is progressively becoming less dependent on debt to grow their business.

Novelis (NYSE:NVL) 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.

Novelis LT-Debt-to-Total-Asset Related Terms

Novelis LT-Debt-to-Total-Asset Historical Data

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The historical data trend for Novelis'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.

Novelis LT-Debt-to-Total-Asset Chart

Novelis Annual Data

Trend

Mar08

Mar09

Mar10

Mar11

Mar12

Mar13

Mar14

Mar15

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.52

0.48

0.34

0.33

Novelis Quarterly Data
	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.34	0.33	0.34	0.34	0.33

Novelis LT-Debt-to-Total-Asset Calculation

Novelis'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 )
	=	4866	/	14628
	=	0.33

Novelis'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 )
	=	4866	/	14628
	=	0.33

Frequently Asked Questions Learn more about LT-Debt-to-Total-Asset →

What does a LT-Debt-to-Total-Asset of 0.33 mean?

Novelis (NVL) has a LT-Debt-to-Total-Asset of 0.33 as of Mar. 2024. Long-term Debt to Total Asset ratio is the ratio of total long-term debt to total assets. View historical data on Novelis and its competitors.

Is Novelis' LT-Debt-to-Total-Asset too high?

Novelis' current LT-Debt-to-Total-Asset is 0.33.

How does Novelis' LT-Debt-to-Total-Asset compare to ?

Novelis' LT-Debt-to-Total-Asset of 0.33 can be compared against companies in the Metals & Mining industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good LT-Debt-to-Total-Asset for a Metals & Mining company?

A good LT-Debt-to-Total-Asset depends on the Metals & Mining industry context. However, LT-Debt-to-Total-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high LT-Debt-to-Total-Asset mean?

A high LT-Debt-to-Total-Asset can signal that a stock is expensive relative to its fundamentals. Long-term Debt to Total Asset ratio is the ratio of total long-term debt to total assets. View historical data on Novelis and its competitors. Novelis's current LT-Debt-to-Total-Asset is 0.33. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Novelis stock overvalued right now?

Novelis (NVL) has a current LT-Debt-to-Total-Asset of 0.33. The current LT-Debt-to-Total-Asset is 0.33. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is LT-Debt-to-Total-Asset calculated?

LT-Debt-to-Total-Asset is calculated from a company's financial statements. For Novelis (NVL), the current LT-Debt-to-Total-Asset is 0.33 as of Mar. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Novelis Business Description

Industry Basic Materials Metals & Mining

Comparable Companies

Address 3560 Lenox Road, Suite 2000, Atlanta, GA, USA, 30326

Website http://www.novelis.com

Novelis Inc is aluminum rolled product producer, with operations on four continents. It acquires and recycles aluminum and processes it into semifinished coils in various tempers, gauges, and widths. Company has four geographical segment North America, Europe, Asia, and South America. Each segment manufactures aluminum sheet and light gauge products and recycles aluminum, while Asia and Europe segments also produce aerospace and industries.