Home First Finance Co India (NSE:HOMEFIRST) LT-Debt-to-Total-Asset : 0.77 (As of Mar. 2024)

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What is Home First Finance Co 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. Home First Finance Co India's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.77.

Home First Finance Co India's long-term debt to total assets ratio increased from Dec. 2022 (0.00) to Mar. 2024 (0.77). It may suggest that Home First Finance Co India is progressively becoming more dependent on debt to grow their business.

Home First Finance Co India LT-Debt-to-Total-Asset Historical Data

The historical data trend for Home First Finance Co 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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Home First Finance Co India LT-Debt-to-Total-Asset Chart

Home First Finance Co India Annual Data

Trend

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.56

0.50

0.56

0.77

Home First Finance Co India Quarterly Data
	Mar18	Mar19	Sep19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial														-	0.56	0.75	-	0.77

Home First Finance Co India LT-Debt-to-Total-Asset Calculation

Home First Finance Co 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 )
	=	73021.02	/	95339.56
	=	0.77

Home First Finance Co 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 )
	=	73021.02	/	95339.56
	=	0.77

Home First Finance Co India (NSE:HOMEFIRST) 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.

Home First Finance Co India LT-Debt-to-Total-Asset Related Terms

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Home First Finance Co India (NSE:HOMEFIRST) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Home First Finance Co India Ltd (NSE:HOMEFIRST) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

543259:India

Address

511, Acme Plaza, Andheri Kurla Road, Opposite Sangam Cinema, J B Nagar, Andheri (East), Mumbai, MH, IND, 400 059

Website

https://www.homefirstindia.com

Home First Finance Co India Ltd is an affordable housing finance company. The company is primarily engaged in the business of lending housing loans, loans to purchase commercial property, loans against property, and construction finance.

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