Zee Media (BOM:532794) LT-Debt-to-Total-Asset : 0.10 (As of Mar. 2024)

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

Zee Media's long-term debt to total assets ratio declined from Mar. 2023 (0.14) to Mar. 2024 (0.10). It may suggest that Zee Media is progressively becoming less dependent on debt to grow their business.

Zee Media LT-Debt-to-Total-Asset Historical Data

The historical data trend for Zee Media'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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Zee Media LT-Debt-to-Total-Asset Chart

Zee Media Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.18

0.25

0.17

0.14

0.10

Zee Media 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															0.14	-	0.10	-	0.10

Zee Media LT-Debt-to-Total-Asset Calculation

Zee Media'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 )
	=	950.9	/	9679.4
	=	0.10

Zee Media'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 )
	=	950.9	/	9679.4
	=	0.10

Zee Media (BOM:532794) 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.

Zee Media LT-Debt-to-Total-Asset Related Terms

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Zee Media (BOM:532794) Business Description

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GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Zee Media Corp Ltd (BOM:532794) » Definitions » LT-Debt-to-Total-Asset

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ZEEMEDIA:India

Address

Essel Studio, FC-19, Sector - 16A, Noida, UP, IND, 201301

Website

https://www.zeemedia.in

Zee Media Corp Ltd engages in the broadcasting of news, current affairs, and other programs in India. It operates in only one segment; the News publishing and broadcasting business. The activities involve the business of broadcasting news, current affairs, and regional language channels, and the sale of television programs. Its revenue streams comprise of advertisement revenue, subscription revenue, and other sales and services that include the sale of programs and content and channel management fees.

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