LIC Housing Finance (LUX:LICHS) LT-Debt-to-Total-Asset : 0.83 (As of Mar. 2024)

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What is LIC Housing Finance 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. LIC Housing Finance's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.83.

LIC Housing Finance's long-term debt to total assets ratio declined from Mar. 2023 (0.84) to Mar. 2024 (0.83). It may suggest that LIC Housing Finance is progressively becoming less dependent on debt to grow their business.

LIC Housing Finance LT-Debt-to-Total-Asset Historical Data

The historical data trend for LIC Housing Finance'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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LIC Housing Finance LT-Debt-to-Total-Asset Chart

LIC Housing Finance Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.83

0.81

0.84

0.83

LIC Housing Finance 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															0.84	-	0.83	-	0.83

LIC Housing Finance LT-Debt-to-Total-Asset Calculation

LIC Housing Finance'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 )
	=	29241.735	/	35091.393
	=	0.83

LIC Housing Finance'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 )
	=	29241.735	/	35091.393
	=	0.83

LIC Housing Finance (LUX:LICHS) 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.

LIC Housing Finance LT-Debt-to-Total-Asset Related Terms

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LIC Housing Finance (LUX:LICHS) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » LIC Housing Finance Ltd (LUX:LICHS) » Definitions » LT-Debt-to-Total-Asset

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LICHSGFIN:India 500253:India

Address

131 Maker Tower, F Premises, 13th Floor, Cuffe Parade, Mumbai, MH, IND, 400 005

Website

https://www.lichousing.com

LIC Housing Finance Ltd is a housing finance company that provides loans, primarily in India. Its main objective is to provide long-term finance to individuals for residential purchases or construction. LIC Housing provides a wide range of loan products to individuals and also provides commercial financing for corporations and building developers. These activities include senior housing, marketing of financial services, and investment management.

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