India Grid Trust (BOM:540565) LT-Debt-to-Total-Asset : 0.65 (As of Sep. 2023)

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What is India Grid Trust 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. India Grid Trust's long-term debt to total assests ratio for the quarter that ended in Sep. 2023 was 0.65.

India Grid Trust's long-term debt to total assets ratio increased from Jun. 2022 (0.00) to Sep. 2023 (0.65). It may suggest that India Grid Trust is progressively becoming more dependent on debt to grow their business.

India Grid Trust LT-Debt-to-Total-Asset Historical Data

The historical data trend for India Grid Trust'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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India Grid Trust LT-Debt-to-Total-Asset Chart

India Grid Trust Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

LT-Debt-to-Total-Asset

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0.48

0.53

0.68

0.57

0.67

India Grid Trust Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															-	-	-	0.67	0.65

India Grid Trust LT-Debt-to-Total-Asset Calculation

India Grid Trust's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Mar. 2023 is calculated as

LT Debt to Total Assets (A: Mar. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Mar. 2023 )	/	Total Assets (A: Mar. 2023 )
	=	135767.88	/	202123.82
	=	0.67

India Grid Trust's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2023 is calculated as

LT Debt to Total Assets (Q: Sep. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2023 )	/	Total Assets (Q: Sep. 2023 )
	=	162552.45	/	248411.16
	=	0.65

India Grid Trust (BOM:540565) 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.

India Grid Trust LT-Debt-to-Total-Asset Related Terms

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India Grid Trust (BOM:540565) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » India Grid Trust (BOM:540565) » Definitions » LT-Debt-to-Total-Asset

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INDIGRID:India

Address

Off CST Road, Vidyanagari Marg, Unit No. 101, First Floor, Windsor, Village KoleKalyan, Kalina, Santacruz (East), Mumbai, MH, IND, 400 098

Website

https://www.indigrid.co.in

India Grid Trust is an infrastructure investment trust established to own inter-state power transmission assets in India. Its asset portfolio comprises nine power transmission projects located across 18 states and 1 union territory in India. The projects comprise extra high voltage (EHV) overhead power transmission lines, comprising approximately seven 765 kV transmission lines and thirty 400 kV transmission lines.

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