IRM Energy (NSE:IRMENERGY) LT-Debt-to-Total-Asset : 0.10 (As of Mar. 2024)

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What is IRM Energy 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. IRM Energy's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.10.

IRM Energy's long-term debt to total assets ratio declined from Mar. 2023 (0.35) to Mar. 2024 (0.10). It may suggest that IRM Energy is progressively becoming less dependent on debt to grow their business.

IRM Energy LT-Debt-to-Total-Asset Historical Data

The historical data trend for IRM Energy'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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IRM Energy LT-Debt-to-Total-Asset Chart

IRM Energy Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

0.43

0.32

0.35

0.10

IRM Energy Quarterly Data
	Mar21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial					0.35	0.32	0.34	-	0.10

IRM Energy LT-Debt-to-Total-Asset Calculation

IRM Energy'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 )
	=	1309.68	/	12966.19
	=	0.10

IRM Energy'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 )
	=	1309.68	/	12966.19
	=	0.10

IRM Energy (NSE:IRMENERGY) 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.

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IRM Energy (NSE:IRMENERGY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » IRM Energy Ltd (NSE:IRMENERGY) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

544004:India

Address

S.G. Highway, Corporate Park, Near Sola Bridge, 4th Floor, Block 8, Magnet, Thaltej, Ahmedabad, GJ, IND, 380054

Website

https://www.irmenergy.com

IRM Energy Ltd is a gas distribution company. It is involved in developing, operating, and expanding of local natural gas distribution network. IRM Energy is a value-driven energy enterprise serving industrial, commercial, domestic, and automobile customers.

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