IRM Energy (NSE:IRMENERGY) Debt-to-Asset : 0.18 (As of Mar. 2024)

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What is IRM Energy Debt-to-Asset?

IRM Energy's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹985 Mil. IRM Energy's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹1,310 Mil. IRM Energy's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Mar. 2024 was ₹12,966 Mil. IRM Energy's debt to asset for the quarter that ended in Mar. 2024 was 0.18.

IRM Energy Debt-to-Asset Historical Data

The historical data trend for IRM Energy'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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IRM Energy Debt-to-Asset Chart

IRM Energy Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

Debt-to-Asset

0.45

0.35

0.38

0.18

IRM Energy Quarterly Data
	Mar21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Asset	Get a 7-Day Free Trial					0.38	0.38	0.40	-	0.18

Competitive Comparison of IRM Energy's Debt-to-Asset

For the Utilities - Regulated Gas subindustry, IRM Energy'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.

IRM Energy's Debt-to-Asset Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, IRM Energy's Debt-to-Asset distribution charts can be found below:

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

IRM Energy Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

IRM Energy'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
	=	(984.6	+	1309.68)	/	12966.19
	=	0.18

IRM Energy'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
	=	(984.6	+	1309.68)	/	12966.19
	=	0.18

IRM Energy (NSE:IRMENERGY) 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.

IRM Energy Debt-to-Asset Related Terms

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IRM Energy (NSE:IRMENERGY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » IRM Energy Ltd (NSE:IRMENERGY) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

544004:India

Address

S.G. Highway, Corporate Park, Near Sola Bridge, 4th Floor, Block 8, Magnet, Thaltej, Ahmedabad, GJ, IND, 380054

Website

https://www.irmenergy.com

IRM Energy Ltd is a gas distribution company. It is involved in developing, operating, and expanding of local natural gas distribution network. IRM Energy is a value-driven energy enterprise serving industrial, commercial, domestic, and automobile customers.

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