Franklin Leasing and Finance (BOM:539839) LT-Debt-to-Total-Asset : 0.60 (As of Mar. 2023)

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What is Franklin Leasing and 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. Franklin Leasing and Finance's long-term debt to total assests ratio for the quarter that ended in Mar. 2023 was 0.60.

Franklin Leasing and Finance's long-term debt to total assets ratio declined from Mar. 2022 (0.65) to Mar. 2023 (0.60). It may suggest that Franklin Leasing and Finance is progressively becoming less dependent on debt to grow their business.

Franklin Leasing and Finance LT-Debt-to-Total-Asset Historical Data

The historical data trend for Franklin Leasing and 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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Franklin Leasing and Finance LT-Debt-to-Total-Asset Chart

Franklin Leasing and Finance Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.68

0.65

0.60

Franklin Leasing and Finance Semi-Annual Data
	Mar12	Mar13	Mar14	Mar15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															-	0.65	0.69	0.60	-

Franklin Leasing and Finance LT-Debt-to-Total-Asset Calculation

Franklin Leasing and 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 )
	=	0	/	378.573
	=	0.00

Franklin Leasing and Finance's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2023 is calculated as

LT Debt to Total Assets (Q: Mar. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2023 )	/	Total Assets (Q: Mar. 2023 )
	=	825	/	1378.705
	=	0.60

Franklin Leasing and Finance (BOM:539839) 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.

Franklin Leasing and Finance LT-Debt-to-Total-Asset Related Terms

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Franklin Leasing and Finance (BOM:539839) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Franklin Leasing and Finance Ltd (BOM:539839) » Definitions » LT-Debt-to-Total-Asset

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Address

Road No. 44, Unit/Shop No.205, 2nd Floor, Aggarwal City Mall, Pitampura, New Delhi, IND, 110034

Website

http://www.franklinleasing.in

Franklin Leasing and Finance Ltd is a non-banking financial company. It is engaged in advancing loans and investing/trading in securities. It offers inter-corporate deposits, loans against property, personal loans, and unsecured loans. The group operates in segments of investment in securities and extending financial loan services.

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