Bharat Petroleum (NSE:BPCL) LT-Debt-to-Total-Asset : 0.18 (As of Mar. 2024)

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What is Bharat Petroleum 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. Bharat Petroleum's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.18.

Bharat Petroleum's long-term debt to total assets ratio declined from Mar. 2023 (0.26) to Mar. 2024 (0.18). It may suggest that Bharat Petroleum is progressively becoming less dependent on debt to grow their business.

Bharat Petroleum LT-Debt-to-Total-Asset Historical Data

The historical data trend for Bharat Petroleum'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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Bharat Petroleum LT-Debt-to-Total-Asset Chart

Bharat Petroleum Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.29

0.27

0.24

0.26

0.18

Bharat Petroleum 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															0.26	-	0.20	-	0.18

Bharat Petroleum LT-Debt-to-Total-Asset Calculation

Bharat Petroleum'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 )
	=	354772.9	/	2024177.5
	=	0.18

Bharat Petroleum'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 )
	=	354772.9	/	2024177.5
	=	0.18

Bharat Petroleum (NSE:BPCL) 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.

Bharat Petroleum LT-Debt-to-Total-Asset Related Terms

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Bharat Petroleum (NSE:BPCL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Bharat Petroleum Corp Ltd (NSE:BPCL) » Definitions » LT-Debt-to-Total-Asset

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500547:India

Address

4 and 6 Currimbhoy Road, Ballard Estate, Bharat Bhavan, P.O. Box No. 668, Mumbai, MH, IND, 400001

Website

https://www.bharatpetroleum.in

Bharat Petroleum Corp Ltd operates several refineries in India, while also marketing and distributing petroleum by-products. Operations are divided into the business segments: Downstream Petroleum (majority of revenue) and Exploration and Production of hydorcarbons. Downstream Petroleum operations include the refineries that produce liquefied petroleum gas, aromatics, kerosene, fuel oil, furnace oil, and bitumen. Bharat's petroleum by-products are often commanded by consumers in aviation, autos, maritime, and many other industrial segments. The Downstream Petroleum operations also include the network of retail service stations across India.

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