CreditAccess Grameen (BOM:541770) LT-Debt-to-Total-Asset : 0.76 (As of Mar. 2024)

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What is CreditAccess Grameen 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. CreditAccess Grameen's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.76.

CreditAccess Grameen's long-term debt to total assets ratio increased from Mar. 2023 (0.39) to Mar. 2024 (0.76). It may suggest that CreditAccess Grameen is progressively becoming more dependent on debt to grow their business.

CreditAccess Grameen LT-Debt-to-Total-Asset Historical Data

The historical data trend for CreditAccess Grameen'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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CreditAccess Grameen LT-Debt-to-Total-Asset Chart

CreditAccess Grameen Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.32

0.34

0.39

0.76

CreditAccess Grameen 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															0.39	-	0.74	-	0.76

CreditAccess Grameen LT-Debt-to-Total-Asset Calculation

CreditAccess Grameen'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 )
	=	218410.1	/	288461.6
	=	0.76

CreditAccess Grameen'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 )
	=	218410.1	/	288461.6
	=	0.76

CreditAccess Grameen (BOM:541770) 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.

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CreditAccess Grameen (BOM:541770) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » CreditAccess Grameen Ltd (BOM:541770) » Definitions » LT-Debt-to-Total-Asset

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CREDITACC:India

Address

New No. 49 (Old No. 725), 46th Cross, 8th Block, Jayanagar, Next to Rajalakshmi Kalayana Mantap, Bengaluru, KA, IND, 560070

Website

https://www.creditaccessgrameen.in

CreditAccess Grameen Ltd provides financial and non-financial products and services. The company is engaged in providing microfinance services to women who are enrolled as members and organized as Joint Liability Groups. The only operating segment of the company is lending to members. Geographically, it operates only in India. The company's financial product includes income generation loans, home improvement loans, emergency loans, family welfare loans, Gruha Vikas loans, Grameen Swarna loans, Grameen Vikas loans, life insurance, and others.

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