Automated Bank Services (Automated Bank Services) LT-Debt-to-Total-Asset : 0.07 (As of Dec. 2023)

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What is Automated Bank Services 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. Automated Bank Services's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.07.

Automated Bank Services's long-term debt to total assets ratio declined from Dec. 2022 (0.08) to Dec. 2023 (0.07). It may suggest that Automated Bank Services is progressively becoming less dependent on debt to grow their business.

Automated Bank Services LT-Debt-to-Total-Asset Historical Data

The historical data trend for Automated Bank Services'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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Automated Bank Services LT-Debt-to-Total-Asset Chart

Automated Bank Services Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.05

0.04

0.05

0.08

0.07

Automated Bank Services Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.08	0.07	0.08	0.07	0.07

Automated Bank Services LT-Debt-to-Total-Asset Calculation

Automated Bank Services'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 )
	=	4.834	/	73.101
	=	0.07

Automated Bank Services'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 )
	=	4.834	/	73.101
	=	0.07

Automated Bank Services (OTCPK:ABANF) 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.

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Automated Bank Services (Automated Bank Services) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » Automated Bank Services Ltd (OTCPK:ABANF) » Definitions » LT-Debt-to-Total-Asset

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SHVA:Israel

Address

26 HaRokmim Street., Tower A, Azrieli Center, Holon, ISR

Website

https://www.shva.co.il

Automated Bank Services Ltd is an Israel-based company involved in providing technological services to the financial system. The company serves as a central junction and a national infrastructure for clearing credit cards. It also works with credit card companies as both a clearing and issuing company.