Binah Capital Group (Binah Capital Group) LT-Debt-to-Total-Asset : 0.45 (As of Mar. 2024)

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What is Binah Capital Group 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. Binah Capital Group's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.45.

Binah Capital Group's long-term debt to total assets ratio declined from Sep. 2023 (0.64) to Mar. 2024 (0.45). It may suggest that Binah Capital Group is progressively becoming less dependent on debt to grow their business.

Binah Capital Group LT-Debt-to-Total-Asset Historical Data

The historical data trend for Binah Capital Group'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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Binah Capital Group LT-Debt-to-Total-Asset Chart

Binah Capital Group Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

0.63

0.64

0.63

Binah Capital Group Semi-Annual Data
	Dec20	Sep21	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial						-	0.64	0.64	0.63	0.45

Binah Capital Group LT-Debt-to-Total-Asset Calculation

Binah Capital Group's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (A: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )	/	Total Assets (A: Dec. 2023 )
	=	42.549	/	67.41
	=	0.63

Binah Capital Group'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 )
	=	29.844	/	65.835
	=	0.45

Binah Capital Group (NAS:BCGWW) 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.

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Binah Capital Group (Binah Capital Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Binah Capital Group Inc (NAS:BCGWW) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

BCG:USA

Address

One Cowboys Way, Suite 490, Frisco, TX, USA, 75034

Website

https://www.wentworthms.com

Wentworth Management Services LLC is a holding company that acquires and manages businesses in the wealth management industry. The company specializes in consolidating independent broker-dealers to capture economies of scale needed to service financial advisors in today's technology-enabled regulatory environment. Wentworth's core philosophy focuses on building long-term, productive relationships with its advisor base.

Binah Capital Group (Binah Capital Group) Headlines

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