Auswide Bank (ASX:ABA) LT-Debt-to-Total-Asset : 0.01 (As of Dec. 2023)

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What is Auswide Bank 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. Auswide Bank's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.01.

Auswide Bank's long-term debt to total assets ratio declined from Dec. 2022 (0.01) to Dec. 2023 (0.01). It may suggest that Auswide Bank is progressively becoming less dependent on debt to grow their business.

Auswide Bank LT-Debt-to-Total-Asset Historical Data

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

Auswide Bank Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

LT-Debt-to-Total-Asset

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0.01

Auswide Bank Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.01	0.01	0.01	0.01	0.01

Auswide Bank LT-Debt-to-Total-Asset Calculation

Auswide Bank's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Jun. 2023 is calculated as

LT Debt to Total Assets (A: Jun. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Jun. 2023 )	/	Total Assets (A: Jun. 2023 )
	=	42	/	5059.537
	=	0.01

Auswide Bank'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 )
	=	41.86	/	4993.041
	=	0.01

Auswide Bank (ASX:ABA) 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.

Auswide Bank LT-Debt-to-Total-Asset Related Terms

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Auswide Bank (ASX:ABA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Auswide Bank Ltd (ASX:ABA) » Definitions » LT-Debt-to-Total-Asset

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Address

16-20 Barolin Street, Level 3, Floor 5, Bundaberg, QLD, AUS, 4670

Website

https://www.auswidebank.com.au

Auswide Bank Ltd engages in providing banking, finance products, and services to retail customers with residential lending and retail deposits. It offers loans, savings and investments, insurance, foreign exchange, and banking services. Its loan products include home, car, personal, and business term loans; business overdrafts; business lines of credit; and bank guarantees; and commercial vehicle and equipment finance. The company operates in one geographical segment which is the Commonwealth of Australia..

Auswide Bank (ASX:ABA) Headlines

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