Entertainment Network (India) (BOM:532700) LT-Debt-to-Total-Asset : 0.13 (As of Mar. 2024)

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What is Entertainment Network (India) 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. Entertainment Network (India)'s long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.13.

Entertainment Network (India)'s long-term debt to total assets ratio declined from Mar. 2023 (0.16) to Mar. 2024 (0.13). It may suggest that Entertainment Network (India) is progressively becoming less dependent on debt to grow their business.

Entertainment Network (India) LT-Debt-to-Total-Asset Historical Data

The historical data trend for Entertainment Network (India)'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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Entertainment Network (India) LT-Debt-to-Total-Asset Chart

Entertainment Network (India) Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.15

0.17

0.19

0.16

0.13

Entertainment Network (India) 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															0.16	-	0.16	-	0.13

Entertainment Network (India) LT-Debt-to-Total-Asset Calculation

Entertainment Network (India)'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 )
	=	1607.761	/	12563.946
	=	0.13

Entertainment Network (India)'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 )
	=	1607.761	/	12563.946
	=	0.13

Entertainment Network (India) (BOM:532700) 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.

Entertainment Network (India) LT-Debt-to-Total-Asset Related Terms

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Entertainment Network (India) (BOM:532700) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Entertainment Network (India) Ltd (BOM:532700) » Definitions » LT-Debt-to-Total-Asset

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ENIL:India

Address

Senapati Bapat Marg, 14th Floor, Trade World, D wing, Kamala Mills Compound, Lower Parel (West), Mumbai, MH, IND, 400013

Website

https://www.enil.co.in

Entertainment Network (India) Ltd is a radio broadcasting company. Its stations are Yo Punjabi Mirchi (Punjabi), Mirchi Tapaka (Telugu), Mirchi Top Takkar (Tamil), Wakao (cool Hindi retro), Mirchi Mehfil (Ghazals) and Mirchi Top 20. It has its FM radio stations under the brand name Radio Mirchi at various places in India. Mirchi streams around 16 online stations on the Gaana.com platform. The company provides radio advertising services and Media Solutions to clients. The firm classifies its Media Solutions as under Branded Solutions that provides various branded services which include Concerts, Award Shows, On-Air properties, Brand Licensing, Multimedia, and Digital services. Managed Solutions provides services to manage the intellectual properties, activities, or events of Clients.

Entertainment Network (India) (BOM:532700) Headlines

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