SBI Cards and Payment Services (BOM:543066) LT-Debt-to-Total-Asset : 0.69 (As of Mar. 2024)

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What is SBI Cards and Payment Services 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. SBI Cards and Payment Services's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.69.

SBI Cards and Payment Services's long-term debt to total assets ratio declined from Mar. 2023 (0.69) to Mar. 2024 (0.69). It may suggest that SBI Cards and Payment Services is progressively becoming less dependent on debt to grow their business.

SBI Cards and Payment Services LT-Debt-to-Total-Asset Historical Data

The historical data trend for SBI Cards and Payment Services'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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SBI Cards and Payment Services LT-Debt-to-Total-Asset Chart

SBI Cards and Payment Services Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.69

0.67

0.69

SBI Cards and Payment Services 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															0.69	-	0.68	-	0.69

SBI Cards and Payment Services LT-Debt-to-Total-Asset Calculation

SBI Cards and Payment Services'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 )
	=	398910.4	/	581712.3
	=	0.69

SBI Cards and Payment Services'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 )
	=	398910.4	/	581712.3
	=	0.69

SBI Cards and Payment Services (BOM:543066) 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.

SBI Cards and Payment Services LT-Debt-to-Total-Asset Related Terms

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SBI Cards and Payment Services (BOM:543066) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » SBI Cards and Payment Services Ltd (BOM:543066) » Definitions » LT-Debt-to-Total-Asset

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SBICARD:India

Address

DLF Cyber City, Block 2 Building 3, DLF Phase 2, 2nd Floor, Tower-B, Infinity Towers, Gurugram, HR, IND, 122 002

Website

https://www.sbicard.com

SBI Cards and Payment Services Ltd is a credit card issuer in India. The company offers a credit card portfolio to individual cardholders and corporate clients which includes lifestyle, rewards, travel and fuel, shopping, banking partnership cards, and corporate cards covering all cardholder segments in terms of income profiles and lifestyles. It offers four primary SBI Card-branded credit cards SimplySave, SimplyClick, Prime, and Elite, each catering to a varying set of cardholder needs. The Company earns revenue from selling credit card memberships to card holders, income earned from the provision of membership services.

SBI Cards and Payment Services (BOM:543066) Headlines

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