Optimus Finance (BOM:531254) LT-Debt-to-Total-Asset : 0.16 (As of Mar. 2024)

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What is Optimus Finance 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. Optimus Finance's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.16.

Optimus Finance's long-term debt to total assets ratio increased from Mar. 2023 (0.07) to Mar. 2024 (0.16). It may suggest that Optimus Finance is progressively becoming more dependent on debt to grow their business.

Optimus Finance LT-Debt-to-Total-Asset Historical Data

The historical data trend for Optimus Finance'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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Optimus Finance LT-Debt-to-Total-Asset Chart

Optimus Finance Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.17

0.16

0.13

0.07

0.16

Optimus Finance 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															0.07	-	0.09	-	0.16

Optimus Finance LT-Debt-to-Total-Asset Calculation

Optimus Finance'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 )
	=	149.28	/	937.039
	=	0.16

Optimus Finance'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 )
	=	149.28	/	937.039
	=	0.16

Optimus Finance (BOM:531254) 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.

Optimus Finance LT-Debt-to-Total-Asset Related Terms

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Optimus Finance (BOM:531254) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Optimus Finance Ltd (BOM:531254) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

Dr. Vikram Sarabhai Marg, 504 A, Ozone, Vadi-Wadi, Vadodara, GJ, IND, 390003

Website

https://www.optimusfinance.in

Optimus Finance Ltd is engaged in non-banking finance activity consisting of investment in shares and securities and other investment and financing activities. It is engaged in the business of loan and investment; importing and exporting lubricant oils, different types of base oils, and other chemical products used mainly in the automobile industry, power industry, and metal manufacturing among others. It operates through two business segments: Financing and Investing activity and Trading in Chemicals. It generates a majority of its revenues through trading in chemicals outside India.

Optimus Finance (BOM:531254) Headlines

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