Spicejet (BOM:500285) LT-Debt-to-Total-Asset : 0.00 (As of Jun. 2024)

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What is Spicejet 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. Spicejet's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.00.

Spicejet's long-term debt to total assets ratio declined from Mar. 2023 (0.43) to Jun. 2024 (0.00). It may suggest that Spicejet is progressively becoming less dependent on debt to grow their business.

Spicejet LT-Debt-to-Total-Asset Historical Data

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

Spicejet Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.56

0.50

0.49

0.43

0.37

Spicejet Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Mar24	Jun24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.43	-	0.44	0.37	-

Spicejet LT-Debt-to-Total-Asset Calculation

Spicejet'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 )
	=	23924.17	/	64721.71
	=	0.37

Spicejet's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2024 is calculated as

LT Debt to Total Assets (Q: Jun. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2024 )	/	Total Assets (Q: Jun. 2024 )
	=	0	/	0
	=

Spicejet (BOM:500285) 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.

Spicejet LT-Debt-to-Total-Asset Related Terms

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Spicejet Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Spicejet Ltd (BOM:500285) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

319, Udyog Vihar, Phase IV, Gurugram, HR, IND, 122016

Website

https://www.spicejet.com

Spicejet Ltd is an India based airline company. It offers both domestic as well as international air travel services. The operating segments of the company are Airline Transport and Freighter and Logistics Services. Its primary revenue source is derived from passenger air travel with ancillary sources comprising Spice max, insurance, preferred seating, Spice vacations, lounge, visa, cab, cargo and onboard merchandise. In addition, the company also offers charter services.

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