BACPB.PFD (Bank of America) Debt-to-Revenue : 3.31 (As of Sep. 2024)

View and export this data going back to 2018. Start your Free Trial

What is Bank of America Debt-to-Revenue?

Debt-to-Revenue measures a company's ability to pay off its debt.

Bank of America's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $38,440.00 Mil. Bank of America's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $296,927.00 Mil. Bank of America's annualized Revenue for the quarter that ended in Sep. 2024 was $101,380.00 Mil. Bank of America's annualized Debt-to-Revenue for the quarter that ended in Sep. 2024 was 3.31.

Bank of America Debt-to-Revenue Historical Data

The historical data trend for Bank of America's Debt-to-Revenue 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.

* Premium members only.

Bank of America Debt-to-Revenue Chart

Bank of America Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Revenue

Get a 7-Day Free Trial

2.91

3.30

3.41

3.19

3.39

Bank of America Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Debt-to-Revenue	Get a 7-Day Free Trial															3.28	3.81	3.25	3.26	3.31

Competitive Comparison of Bank of America's Debt-to-Revenue

For the Banks - Diversified subindustry, Bank of America's Debt-to-Revenue, along with its competitors' market caps and Debt-to-Revenue 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 America's Debt-to-Revenue Distribution in the Banks Industry

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

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

Bank of America Debt-to-Revenue Calculation

Debt-to-Revenue measures a company's ability to pay off its debt.

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

Debt-to-Revenue	=	Total Debt			/	Revenue
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Revenue
	=	(32098	+	302204)	/	98581
	=	3.39

Bank of America's annualized Debt-to-Revenue for the quarter that ended in Sep. 2024 is calculated as

Debt-to-Revenue	=	Total Debt			/	Revenue
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Revenue
	=	(38440	+	296927)	/	101380
	=	3.31

In the calculation of annual Debt-to-Revenue, the Revenue of the last fiscal year is used. In calculating the annualized quarterly data, the Revenue data used here is four times the quarterly (Sep. 2024) Revenue data.

Bank of America Debt-to-Revenue Related Terms

Thank you for viewing the detailed overview of Bank of America's Debt-to-Revenue provided by GuruFocus.com. Please click on the following links to see related term pages.

Bank of America Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Bank of America Corp (NYSE:BACpB.PFD) » Definitions » Debt-to-Revenue

Comparable Companies

Address

100 North Tryon Street, Bank of America Corporate Center, Charlotte, NC, USA, 28255

Website

https://www.bankofamerica.com

Bank of America is one of the largest financial institutions in the United States, with more than $3.0 trillion in assets. It is organized into four major segments: consumer banking, global wealth and investment management, global banking, and global markets. Bank of America's consumer-facing lines of business include its network of branches and deposit-gathering operations, retail lending products, credit and debit cards, and small-business services. The company's Merrill Lynch operations provide brokerage and wealth-management services, as does its private bank. Wholesale lines of business include investment banking, corporate and commercial real estate lending, and capital markets operations. Bank of America has operations in several countries but is primarily US-focused.