InterGlobe Aviation (NSE:INDIGO) LT-Debt-to-Total-Asset : 0.46 (As of Mar. 2024)

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What is InterGlobe Aviation 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. InterGlobe Aviation's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.46.

InterGlobe Aviation's long-term debt to total assets ratio declined from Mar. 2023 (0.55) to Mar. 2024 (0.46). It may suggest that InterGlobe Aviation is progressively becoming less dependent on debt to grow their business.

InterGlobe Aviation LT-Debt-to-Total-Asset Historical Data

The historical data trend for InterGlobe Aviation'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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InterGlobe Aviation LT-Debt-to-Total-Asset Chart

InterGlobe Aviation Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.38

0.48

0.55

0.46

InterGlobe Aviation 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															0.55	-	0.49	-	0.46

InterGlobe Aviation LT-Debt-to-Total-Asset Calculation

InterGlobe Aviation'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 )
	=	378634.62	/	822245.17
	=	0.46

InterGlobe Aviation'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 )
	=	378634.62	/	822245.17
	=	0.46

InterGlobe Aviation (NSE:INDIGO) 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.

InterGlobe Aviation LT-Debt-to-Total-Asset Related Terms

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InterGlobe Aviation (NSE:INDIGO) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » InterGlobe Aviation Ltd (NSE:INDIGO) » Definitions » LT-Debt-to-Total-Asset

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539448:India

Address

Mehrauli-Gurgaon Road, Level 1-5, Tower - C, Global Business Park, Gurgaon, HR, IND, 122 002

Website

https://www.goindigo.in

InterGlobe Aviation Ltd is an airline service provider based in India. The company serves as a low-cost carrier through its Indigo brand. The company caters to its customers through an official website and the IndigoGo App, enabling them to book airline tickets and travel packages. The segments of the company are Air transportation services and Other income. The company earns its revenue predominantly through passenger ticket sales of the domestic airline operation.

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