Sundaram Finance (Sundaram Finance) LT-Debt-to-Total-Asset : 0.69 (As of Mar. 2024)

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What is Sundaram Finance 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. Sundaram Finance's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.69.

Sundaram Finance's long-term debt to total assets ratio increased from Mar. 2023 (0.64) to Mar. 2024 (0.69). It may suggest that Sundaram Finance is progressively becoming more dependent on debt to grow their business.

Sundaram Finance LT-Debt-to-Total-Asset Historical Data

The historical data trend for Sundaram Finance'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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Sundaram Finance LT-Debt-to-Total-Asset Chart

Sundaram Finance Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.68

0.66

0.63

0.64

0.69

Sundaram Finance 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															0.64	-	0.66	-	0.69

Sundaram Finance LT-Debt-to-Total-Asset Calculation

Sundaram Finance'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 )
	=	5342.243	/	7742.105
	=	0.69

Sundaram Finance'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 )
	=	5342.243	/	7742.105
	=	0.69

Sundaram Finance (GREY:SNDMY) 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.

Sundaram Finance LT-Debt-to-Total-Asset Related Terms

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Sundaram Finance (Sundaram Finance) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Sundaram Finance Ltd (GREY:SNDMY) » Definitions » LT-Debt-to-Total-Asset

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SUNDARMFIN:India 590071:India

Address

21, Patullos Road, Chennai, TN, IND, 600 002

Website

https://www.sundaramfinance.in

Sundaram Finance Ltd is a nonbanking finance company operating in India. The company provides various financial products and services, including commercial vehicle finance, car finance, farm equipment finance, construction equipment finance, and fleet cards. Through its subsidiaries, the company has a diversified presence in insurance, mutual funds, housing finance, business process outsourcing, information technology services, and retail distribution of a wide array of financial services and products. The company's main source of revenue includes mortgages and hire purchase loans.

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