Mindspace Business Parks REIT (BOM:543217) LT-Debt-to-Total-Asset : 0.20 (As of Sep. 2023)

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What is Mindspace Business Parks REIT 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. Mindspace Business Parks REIT's long-term debt to total assests ratio for the quarter that ended in Sep. 2023 was 0.20.

Mindspace Business Parks REIT's long-term debt to total assets ratio increased from Sep. 2022 (0.20) to Sep. 2023 (0.20). It may suggest that Mindspace Business Parks REIT is progressively becoming more dependent on debt to grow their business.

Mindspace Business Parks REIT LT-Debt-to-Total-Asset Historical Data

The historical data trend for Mindspace Business Parks REIT'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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Mindspace Business Parks REIT LT-Debt-to-Total-Asset Chart

Mindspace Business Parks REIT Annual Data

Trend

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.15

0.16

0.20

0.21

Mindspace Business Parks REIT Quarterly Data
	Mar18	Mar19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial													-	0.20	0.19	0.20	0.21

Mindspace Business Parks REIT LT-Debt-to-Total-Asset Calculation

Mindspace Business Parks REIT'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 )
	=	48951	/	238446
	=	0.21

Mindspace Business Parks REIT'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 )
	=	47703	/	235203
	=	0.20

Mindspace Business Parks REIT (BOM:543217) 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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Mindspace Business Parks REIT (BOM:543217) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Mindspace Business Parks REIT (BOM:543217) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

MINDSPACE:India

Address

Plot No. C-30, Raheja Tower, Level 8, Block G, Bandra Kurla Complex, Bandra (East), Mumbai, MH, IND, 400 051

Website

https://www.mindspacereit.com

Mindspace Business Parks REIT is a real estate investment company. It owns an office portfolio located in four key office markets such as Mumbai Region, Hyderabad, Pune and Chennai in India. The company's portfolio has five integrated business parks with superior infrastructure and amenities (such as restaurants, creches and outdoor sports arenas) and five quality independent offices.

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