Tata Consultancy Services (Tata Consultancy Services) LT-Debt-to-Total-Asset : 0.04 (As of Mar. 2024)

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What is Tata Consultancy Services 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. Tata Consultancy Services's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.04.

Tata Consultancy Services's long-term debt to total assets ratio increased from Mar. 2023 (0.04) to Mar. 2024 (0.04). It may suggest that Tata Consultancy Services is progressively becoming more dependent on debt to grow their business.

Tata Consultancy Services LT-Debt-to-Total-Asset Historical Data

The historical data trend for Tata Consultancy Services'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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Tata Consultancy Services LT-Debt-to-Total-Asset Chart

Tata Consultancy Services Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.06

0.05

0.04

Tata Consultancy Services 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	-	0.04

Tata Consultancy Services LT-Debt-to-Total-Asset Calculation

Tata Consultancy Services'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 )
	=	784.858	/	17639.91
	=	0.04

Tata Consultancy Services'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 )
	=	784.858	/	17639.91
	=	0.04

Tata Consultancy Services (OTCPK:TTNQY) 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.

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Tata Consultancy Services (Tata Consultancy Services) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Tata Consultancy Services Ltd (OTCPK:TTNQY) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

TCS:India 532540:India

Address

Raveline Street, TCS House, Fort, Mumbai, MH, IND, 400001

Website

http://www.tcs.com

Tata Consultancy Services is a leading global IT services provider, with nearly 450,000 employees. Based in Mumbai, the India IT services firm leverages its offshore outsourcing model to derive half of its revenue from North America. The company offers traditional IT services offerings: consulting, managed services, and cloud infrastructure services as well as business process outsourcing as a service, or BPaaS.