Reliance Capital (BOM:500111) LT-Debt-to-Total-Asset : 0.24 (As of Mar. 2024)

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What is Reliance Capital 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. Reliance Capital's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.24.

Reliance Capital's long-term debt to total assets ratio increased from Dec. 2022 (0.00) to Mar. 2024 (0.24). It may suggest that Reliance Capital is progressively becoming more dependent on debt to grow their business.

Reliance Capital LT-Debt-to-Total-Asset Historical Data

The historical data trend for Reliance Capital'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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Reliance Capital LT-Debt-to-Total-Asset Chart

Reliance Capital Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.40

0.41

0.26

0.24

Reliance Capital 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															-	0.26	0.25	-	0.24

Reliance Capital LT-Debt-to-Total-Asset Calculation

Reliance Capital'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 )
	=	175958.5	/	749866.3
	=	0.23

Reliance Capital'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 )
	=	175958.5	/	749866.3
	=	0.23

Reliance Capital (BOM:500111) 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.

Reliance Capital LT-Debt-to-Total-Asset Related Terms

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Reliance Capital (BOM:500111) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Reliance Capital Ltd (BOM:500111) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

RELCAPITAL:India

Address

Trade World, S. B. Marg, 7th Floor, B Wing, Kamala Mills Compound, Lower Parel, Mumbai, MH, IND, 400 013

Website

https://www.reliancecapital.co.in

Reliance Capital Ltd is a member of the Reliance Group and services the financial sector. The company provides services in asset management and mutual funds, life and general insurance, commercial finance, equities and commodities broking, wealth management, and many other related services. General insurance is the company's leading revenue generator and includes auto, home, property, travel, marine, commercial, and other specialty products for individuals and companies. Its commercial finance unit is operated through a subsidiary, Reliance Commercial Finance, and participates in a range of lending activities. As one of India's leading lenders, it offers home loans, loans against property, small and medium enterprise loans, vehicle loans, and loans for construction.

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