Jindal Stainless (BOM:532508) LT-Debt-to-Total-Asset : 0.15 (As of Mar. 2024)

View and export this data going back to 2003. Start your Free Trial

What is Jindal Stainless 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. Jindal Stainless's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.15.

Jindal Stainless's long-term debt to total assets ratio increased from Mar. 2023 (0.11) to Mar. 2024 (0.15). It may suggest that Jindal Stainless is progressively becoming more dependent on debt to grow their business.

Jindal Stainless LT-Debt-to-Total-Asset Historical Data

The historical data trend for Jindal Stainless'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.

* Premium members only.

Jindal Stainless LT-Debt-to-Total-Asset Chart

Jindal Stainless Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

Get a 7-Day Free Trial

0.26

0.25

0.12

0.11

0.15

Jindal Stainless 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															0.11	-	0.16	-	0.15

Jindal Stainless LT-Debt-to-Total-Asset Calculation

Jindal Stainless'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 )
	=	46522.4	/	308172.5
	=	0.15

Jindal Stainless'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 )
	=	46522.4	/	308172.5
	=	0.15

Jindal Stainless (BOM:532508) 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.

Jindal Stainless LT-Debt-to-Total-Asset Related Terms

Thank you for viewing the detailed overview of Jindal Stainless's LT-Debt-to-Total-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

Jindal Stainless (BOM:532508) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Jindal Stainless Ltd (BOM:532508) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

JSL:India

Address

Jindal Centre, 12, Bhikaiji Cama Place, New Delhi, IND, 110066

Website

https://www.jindalstainless.com

Jindal Stainless Ltd is an India-based stainless steel manufacturing company. It offers products such as ferroalloys, stainless steel slabs, and blooms, hot rolled and cold rolled coils, plates, razor blade steel, precision strips, and coin blanks. The firm has a distribution network through its service centers and warehouses in both the Indian and overseas markets. Jindal derives most of the revenue from the sale of steel products.

Jindal Stainless (BOM:532508) Headlines

No Headlines