Paragon Banking Group (FRA:46P1) LT-Debt-to-Total-Asset : 0.02 (As of Sep. 2023)

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What is Paragon Banking 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. Paragon Banking Group's long-term debt to total assests ratio for the quarter that ended in Sep. 2023 was 0.02.

Paragon Banking Group's long-term debt to total assets ratio declined from Sep. 2022 (0.08) to Sep. 2023 (0.02). It may suggest that Paragon Banking Group is progressively becoming less dependent on debt to grow their business.

Paragon Banking Group LT-Debt-to-Total-Asset Historical Data

The historical data trend for Paragon Banking 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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Paragon Banking Group LT-Debt-to-Total-Asset Chart

Paragon Banking Group Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

LT-Debt-to-Total-Asset

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0.39

0.28

0.11

0.08

0.02

Paragon Banking Group Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.11	0.10	0.08	0.05	0.02

Paragon Banking Group LT-Debt-to-Total-Asset Calculation

Paragon Banking Group's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Sep. 2023 is calculated as

LT Debt to Total Assets (A: Sep. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Sep. 2023 )	/	Total Assets (A: Sep. 2023 )
	=	342.446	/	21361.049
	=	0.02

Paragon Banking Group's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2023 is calculated as

LT Debt to Total Assets (Q: Sep. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2023 )	/	Total Assets (Q: Sep. 2023 )
	=	342.446	/	21361.049
	=	0.02

Paragon Banking Group (FRA:46P1) 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.

Paragon Banking Group LT-Debt-to-Total-Asset Related Terms

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Paragon Banking Group (FRA:46P1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Paragon Banking Group PLC (FRA:46P1) » Definitions » LT-Debt-to-Total-Asset

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PAGl:UK PAG:UK

Address

51 Homer Road, Solihull, West Midlands, GBR, B91 3QJ

Website

https://www.paragonbankinggroup.co.uk

Paragon Banking Group PLC, is a specialty finance company that provides diversified banking services to clients. The company operates two core businesses: Mortgages Lending and Commercial Lending. The Mortgages Lending includes the Group's buy-to-let, and owner-occupied first and second charge lending and related activities. Commercial Lending, includes the Group's equipment and motor finance leasing activities, together with development finance, structured lending and other offerings targeted towards SME customers.

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