Bank of Cyprus Holdings (CYS:BOCH) LT-Debt-to-Total-Asset : 0.04 (As of Mar. 2024)

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What is Bank of Cyprus Holdings 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. Bank of Cyprus Holdings's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.04.

Bank of Cyprus Holdings's long-term debt to total assets ratio increased from Dec. 2022 (0.03) to Mar. 2024 (0.04). It may suggest that Bank of Cyprus Holdings is progressively becoming more dependent on debt to grow their business.

Bank of Cyprus Holdings LT-Debt-to-Total-Asset Historical Data

The historical data trend for Bank of Cyprus Holdings'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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Bank of Cyprus Holdings LT-Debt-to-Total-Asset Chart

Bank of Cyprus Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.01

0.02

0.03

0.04

Bank of Cyprus Holdings Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.03	0.02	0.03	0.04	0.04

Bank of Cyprus Holdings LT-Debt-to-Total-Asset Calculation

Bank of Cyprus Holdings'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 )
	=	1009.898	/	26629.813
	=	0.04

Bank of Cyprus Holdings'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 )
	=	981.383	/	24940.672
	=	0.04

Bank of Cyprus Holdings (CYS:BOCH) 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.

Bank of Cyprus Holdings LT-Debt-to-Total-Asset Related Terms

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Bank of Cyprus Holdings (CYS:BOCH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Bank of Cyprus Holdings PLC (CYS:BOCH) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

BKCYF:USA BOCHl:UK BOCH:UK 318:Germany

Address

51 Stasinou Street, Ayia Paraskevi, Strovolos, Nicosia, CYP, CY 2002

Website

https://www.bankofcyprus.com

Bank of Cyprus Holdings PLC along with its subsidiary companies involve the provision of banking, financial, and insurance services and the management and disposal of property predominately acquired in exchange for debt. The Group's activities are mainly concentrated in Cyprus.