Nalin Lease Finance (BOM:531212) LT-Debt-to-Total-Asset : 0.12 (As of Mar. 2024)

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What is Nalin Lease 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. Nalin Lease Finance's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.12.

Nalin Lease Finance's long-term debt to total assets ratio increased from Mar. 2023 (0.02) to Mar. 2024 (0.12). It may suggest that Nalin Lease Finance is progressively becoming more dependent on debt to grow their business.

Nalin Lease Finance LT-Debt-to-Total-Asset Historical Data

The historical data trend for Nalin Lease 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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Nalin Lease Finance LT-Debt-to-Total-Asset Chart

Nalin Lease Finance Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.02

0.12

Nalin Lease 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															0.02	-	0.13	-	0.12

Nalin Lease Finance LT-Debt-to-Total-Asset Calculation

Nalin Lease 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 )
	=	43.141	/	372.4
	=	0.12

Nalin Lease 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 )
	=	43.141	/	372.4
	=	0.12

Nalin Lease Finance (BOM:531212) 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.

Nalin Lease Finance LT-Debt-to-Total-Asset Related Terms

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Nalin Lease Finance (BOM:531212) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Nalin Lease Finance Ltd (BOM:531212) » Definitions » LT-Debt-to-Total-Asset

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Address

Dr. Nalinkant Gandhi Road, Ground Floor, Gandhi Nursing Home Building, Sabarkantha, Himatnagar, GJ, IND, 383001

Website

https://www.nalinfin.co.in

Nalin Lease Finance Ltd is engaged in providing a wide range of fund-based services including vehicle loans, business loans and many more. It is also engaged in the gold loan business offering loans against gold ornaments. It is engaged primarily in the business of "Financing".

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