Ashika Credit Capital (BOM:543766) LT-Debt-to-Total-Asset : 0.27 (As of Mar. 2024)

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What is Ashika Credit Capital 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. Ashika Credit Capital's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.27.

Ashika Credit Capital's long-term debt to total assets ratio increased from Mar. 2023 (0.00) to Mar. 2024 (0.27). It may suggest that Ashika Credit Capital is progressively becoming more dependent on debt to grow their business.

Ashika Credit Capital LT-Debt-to-Total-Asset Historical Data

The historical data trend for Ashika Credit Capital'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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Ashika Credit Capital LT-Debt-to-Total-Asset Chart

Ashika Credit Capital Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.27

Ashika Credit Capital 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															-	-	-	-	0.27

Ashika Credit Capital LT-Debt-to-Total-Asset Calculation

Ashika Credit Capital'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 )
	=	251.184	/	949.03
	=	0.26

Ashika Credit Capital'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 )
	=	251.184	/	949.03
	=	0.26

Ashika Credit Capital (BOM:543766) 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.

Ashika Credit Capital LT-Debt-to-Total-Asset Related Terms

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Ashika Credit Capital (BOM:543766) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Ashika Credit Capital Ltd (BOM:543766) » Definitions » LT-Debt-to-Total-Asset

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Address

1008, Raheja Centre, 10th Floor, 214, Nariman Point, Mumbai, IND, 400021

Website

https://www.ashikagroup.com

Ashika Credit Capital Ltd is a non-deposit-taking non-banking financial corporation actively engaged in fund-based activities in India including providing Loans and advances, inter-corporate deposit, restructuring finance. The Company is primarily engaged in a single reportable segment of Financial Services. It offers retail broking, institutional equity, lending, investment banking, wealth management, and asset management services to its clients.

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