LIC Housing Finance Limited — Others, 25-11-2024: Security Cover Certificate

LIC Housing Finance Limited's Debenture Trustee has submitted the Security Cover Certificate for the quarter ending September 30, 2024. The certificate confirms various listed debt securities with a total sanctioned amount of ₹32,201.50 crore (cr). The Security Cover Ratio slightly decreased to 1.19 times from the previous quarter's 1.20 times.

This update indicates a marginal decline in the security coverage, which may raise investor concerns about the overall financial health and leverage of LIC Housing Finance. Investors should monitor these security cover ratios as they reflect the company's ability to meet debt obligations while navigating potential financial risks. A continuous assessment of these ratios could signal shifts in risk appetite or strategy.