NMDC Steel (BOM:543768) Debt-to-Asset : 0.23 (As of Mar. 2024)

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What is NMDC Steel Debt-to-Asset?

NMDC Steel's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹23,909 Mil. NMDC Steel's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹42,710 Mil. NMDC Steel's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Mar. 2024 was ₹293,683 Mil. NMDC Steel's debt to asset for the quarter that ended in Mar. 2024 was 0.23.

NMDC Steel Debt-to-Asset Historical Data

The historical data trend for NMDC Steel's Debt-to-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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NMDC Steel Debt-to-Asset Chart

NMDC Steel Annual Data

Trend

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Asset

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0.08

0.15

0.23

NMDC Steel Semi-Annual Data
	Mar18	Mar19	Mar20	Mar21	Mar22	Sep22	Mar23	Sep23	Mar24
Debt-to-Asset	Get a 7-Day Free Trial				0.08	-	0.15	0.19	0.23

Competitive Comparison of NMDC Steel's Debt-to-Asset

For the Steel subindustry, NMDC Steel's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

NMDC Steel's Debt-to-Asset Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, NMDC Steel's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where NMDC Steel's Debt-to-Asset falls into.

NMDC Steel Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

NMDC Steel's Debt-to-Asset for the fiscal year that ended in Mar. 2024 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(23908.7	+	42710.4)	/	293683.2
	=	0.23

NMDC Steel's Debt-to-Asset for the quarter that ended in Mar. 2024 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(23908.7	+	42710.4)	/	293683.2
	=	0.23

NMDC Steel (BOM:543768) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

NMDC Steel Debt-to-Asset Related Terms

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NMDC Steel (BOM:543768) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » NMDC Steel Ltd (BOM:543768) » Definitions » Debt-to-Asset

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NSLNISP:India

Address

Khanij Bhavan, 10-3-311/A, Castle Hills, Masab Tank, Hyderabad, TG, IND, 500028

Website

https://nmdcsteel.nmdc.co.in

NMDC Steel Ltd owns and operates mechanized iron ore mines. The company is producing about 35 MTPA of iron ore from its major iron-producing units in Bailadila Sector in Chhattisgarh and Donimalai.

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