Julius Baer Gruppe AG (CHIX:BAERZ) LT-Debt-to-Total-Asset : 0.04 (As of Dec. 2023)

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What is Julius Baer Gruppe AG 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. Julius Baer Gruppe AG's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.04.

Julius Baer Gruppe AG's long-term debt to total assets ratio increased from Dec. 2022 (0.03) to Dec. 2023 (0.04). It may suggest that Julius Baer Gruppe AG is progressively becoming more dependent on debt to grow their business.

Julius Baer Gruppe AG LT-Debt-to-Total-Asset Historical Data

The historical data trend for Julius Baer Gruppe AG'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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Julius Baer Gruppe AG LT-Debt-to-Total-Asset Chart

Julius Baer Gruppe AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.02

0.03

0.04

Julius Baer Gruppe AG 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															0.02	0.02	0.03	0.03	0.04

Julius Baer Gruppe AG LT-Debt-to-Total-Asset Calculation

Julius Baer Gruppe AG'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 )
	=	3728.3	/	96786.3
	=	0.04

Julius Baer Gruppe AG'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 )
	=	3728.3	/	96786.3
	=	0.04

Julius Baer Gruppe AG (CHIX:BAERz) 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.

Julius Baer Gruppe AG LT-Debt-to-Total-Asset Related Terms

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Julius Baer Gruppe AG (CHIX:BAERZ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Julius Baer Gruppe AG (CHIX:BAERz) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

JBAXY:USA JBARF:USA 0QO6:UK JGE1:Germany BAER:Switzerland

Address

Bahnhofstrasse 36, Zurich, CHE, 8010

Website

https://www.juliusbaer.com

Julius Baer was founded in 1890 and expanded significantly in 2005 when it acquired three Swiss private banks and Global Asset Management from its far larger Swiss rival, UBS. In 2009, Baer spun off GAM as a separately listed firm. The acquisition of Merrill Lynch's wealth management operations outside of the U.S. in 2012 increased Baer's assets under management by 40% and increased its footprint outside of Europe. Julius Baer is currently the largest pure-play private bank in Switzerland and the third-largest Swiss private bank. Baer provides private banking services principally to individuals in Switzerland and Europe and increasingly in Asia and other emerging markets.

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