Bendigo and Adelaide Bank (Bendigo and Adelaide Bank) LT-Debt-to-Total-Asset : 0.13 (As of Dec. 2023)

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What is Bendigo and Adelaide Bank 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. Bendigo and Adelaide Bank's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.13.

Bendigo and Adelaide Bank's long-term debt to total assets ratio declined from Dec. 2022 (0.13) to Dec. 2023 (0.13). It may suggest that Bendigo and Adelaide Bank is progressively becoming less dependent on debt to grow their business.

Bendigo and Adelaide Bank LT-Debt-to-Total-Asset Historical Data

The historical data trend for Bendigo and Adelaide Bank'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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Bendigo and Adelaide Bank LT-Debt-to-Total-Asset Chart

Bendigo and Adelaide Bank Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

LT-Debt-to-Total-Asset

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0.07

0.15

0.14

Bendigo and Adelaide Bank Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.06	0.14	0.13	0.14	0.13

Bendigo and Adelaide Bank LT-Debt-to-Total-Asset Calculation

Bendigo and Adelaide Bank's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Jun. 2023 is calculated as

LT Debt to Total Assets (A: Jun. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Jun. 2023 )	/	Total Assets (A: Jun. 2023 )
	=	8942.953	/	66093.758
	=	0.14

Bendigo and Adelaide Bank's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	8463.788	/	66619.88
	=	0.13

Bendigo and Adelaide Bank (OTCPK:BXRBY) 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.

Bendigo and Adelaide Bank LT-Debt-to-Total-Asset Related Terms

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Bendigo and Adelaide Bank (Bendigo and Adelaide Bank) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Bendigo and Adelaide Bank Ltd (OTCPK:BXRBY) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

BXRBF:USA BENPH.PFD:Australia BENPG.PFD:Australia BEN:Australia

Address

22-44 Bath Lane, The Bendigo Centre, Bendigo, VIC, AUS, 3550

Website

https://www.bendigoadelaide.com.au

Founded in 1858 as the Bendigo Building Society as a leading regional bank operating in the consumer, small-business, and rural banking sectors, Bendigo gained public goodwill after rolling out branches in locations deserted by major banks in the late 1990s and early 2000s. The Adelaide Bank merger in 2007 diversified the bank into wholesale banking, while expanding the geographical footprint. It is a conservatively managed retail bank with a long history, a well-regarded retail franchise, and high levels of customer and shareholder loyalty.