Bank of Africa (CAS:BOA) Debt-to-Asset : 0.06 (As of Mar. 2024)

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What is Bank of Africa Debt-to-Asset?

Bank of Africa's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was MAD0 Mil. Bank of Africa's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was MAD22,034 Mil. Bank of Africa's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Mar. 2024 was MAD399,186 Mil. Bank of Africa's debt to asset for the quarter that ended in Mar. 2024 was 0.06.

Bank of Africa Debt-to-Asset Historical Data

The historical data trend for Bank of Africa's Debt-to-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 Africa Debt-to-Asset Chart

Bank of Africa Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

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0.17

0.18

0.15

0.14

0.15

Bank of Africa Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Asset	Get a 7-Day Free Trial															0.05	0.15	0.06	0.15	0.06

Competitive Comparison of Bank of Africa's Debt-to-Asset

For the Banks - Diversified subindustry, Bank of Africa's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Bank of Africa's Debt-to-Asset Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Bank of Africa's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where Bank of Africa's Debt-to-Asset falls into.

Bank of Africa Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Bank of Africa's Debt-to-Asset for the fiscal year that ended in Dec. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(0	+	56251.766)	/	388184.512
	=	0.14

Bank of Africa's Debt-to-Asset for the quarter that ended in Mar. 2024 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(0	+	22034.051)	/	399186.152
	=	0.06

Bank of Africa (CAS:BOA) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

Bank of Africa Debt-to-Asset Related Terms

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Bank of Africa (CAS:BOA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Bank of Africa (CAS:BOA) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

140 Avenue Hassan II, Casablanca, MAR, 20000

Website

https://www.ir-bankofafrica.ma

Bank of Africa, formerly Banque Marocaine Du Commerce Exterieur SA is a full-service commercial bank with operations in Morocco and neighboring countries in Africa but also in Europe, China, and Canada. It offers a range of financial services to individual, corporate, and professional clients, including banking, insurance, and asset management. Its products include accounts, credit cards, loans, and other savings and investment products. The bank focuses on developing its core business with stronger market penetration of small and medium-sized businesses and younger customers.

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