Mahindra & Mahindra Financial Services (NSE:M&MFIN) LT-Debt-to-Total-Asset : 0.74 (As of Mar. 2024)

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What is Mahindra & Mahindra Financial Services 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. Mahindra & Mahindra Financial Services's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.74.

Mahindra & Mahindra Financial Services's long-term debt to total assets ratio increased from Dec. 2022 (0.00) to Mar. 2024 (0.74). It may suggest that Mahindra & Mahindra Financial Services is progressively becoming more dependent on debt to grow their business.

Mahindra & Mahindra Financial Services LT-Debt-to-Total-Asset Historical Data

The historical data trend for Mahindra & Mahindra Financial Services'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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Mahindra & Mahindra Financial Services LT-Debt-to-Total-Asset Chart

Mahindra & Mahindra Financial Services Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.69

0.64

0.72

0.74

Mahindra & Mahindra Financial Services Quarterly Data
	Mar19	Jun19	Sep19	Dec19	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															-	0.72	0.75	-	0.74

Mahindra & Mahindra Financial Services LT-Debt-to-Total-Asset Calculation

Mahindra & Mahindra Financial Services'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 )
	=	911444	/	1237157.9
	=	0.74

Mahindra & Mahindra Financial Services'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 )
	=	911444	/	1237157.9
	=	0.74

Mahindra & Mahindra Financial Services (NSE:M&MFIN) 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.

Mahindra & Mahindra Financial Services LT-Debt-to-Total-Asset Related Terms

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Mahindra & Mahindra Financial Services (NSE:M&MFIN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Mahindra & Mahindra Financial Services Ltd (NSE:M&MFIN) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

532720:India

Address

Dr. G M. Bhosale Marg, 4th Floor, Mahindra Towers, A Wing, P.K. Kurne Chowk, Worli, Mumbai, MH, IND, 400 018

Website

https://www.mahindrafinance.com

Mahindra & Mahindra Financial Services Ltd is a subsidiary of the Indian conglomerate Mahinda & Mahindra. The company is a nonbanking financial company that serves the financing needs of a sizable population residing in nonmetropolitan areas of India. The company provides a wide range of retail products and services, including financing vehicles for commercial and personal use, tractors, small to medium enterprise loans, and other financial products. The company also operates in other niche markets. It has introduced mutual fund distributions, fixed deposit products, and personal loans. The company's main source of revenue is interest income from its loans.

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