Australia and New Zealand Banking Group (ASX:ANZPA.PFD) LT-Debt-to-Total-Asset : 0.17 (As of Sep. 2024)

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What is Australia and New Zealand 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. Australia and New Zealand Banking Group's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.17.

Australia and New Zealand Banking Group's long-term debt to total assets ratio increased from Sep. 2023 (0.14) to Sep. 2024 (0.17). It may suggest that Australia and New Zealand Banking Group is progressively becoming more dependent on debt to grow their business.

Australia and New Zealand Banking Group LT-Debt-to-Total-Asset Historical Data

The historical data trend for Australia and New Zealand 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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Australia and New Zealand Banking Group LT-Debt-to-Total-Asset Chart

Australia and New Zealand Banking Group Annual Data

Trend

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Sep24

LT-Debt-to-Total-Asset

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0.12

0.13

0.12

0.14

0.17

Australia and New Zealand Banking Group Semi-Annual Data
	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.12	0.13	0.14	0.16	0.17

Australia and New Zealand Banking Group LT-Debt-to-Total-Asset Calculation

Australia and New Zealand Banking Group's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Sep. 2024 is calculated as

LT Debt to Total Assets (A: Sep. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Sep. 2024 )	/	Total Assets (A: Sep. 2024 )
	=	205087	/	1229115
	=	0.17

Australia and New Zealand Banking Group's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2024 is calculated as

LT Debt to Total Assets (Q: Sep. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2024 )	/	Total Assets (Q: Sep. 2024 )
	=	205087	/	1229115
	=	0.17

Australia and New Zealand Banking Group (ASX:ANZPA.PFD) 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.

Australia and New Zealand Banking Group LT-Debt-to-Total-Asset Related Terms

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Australia and New Zealand Banking Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Australia and New Zealand Banking Group Ltd (ASX:ANZPA.PFD) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

ANZGY:USA ANZGF:USA ANZ:New Zealand X5Z:Germany ANB:Germany X5Z:Germany X5Z1:Germany AN3PH.PFD:Australia AN3PG.PFD:Australia ANZ:Australia

Address

833 Collins Street, Level 9, ANZ Centre, Docklands, Melbourne, VIC, AUS, 3008

Website

https://www.anz.com

ANZ Group is the owner of one of Australia's four major banks and provides retail, business, and institutional banking services to customers in Australia, New Zealand, and Asia-Pacific. The super-regional Asian strategy was de-emphasized, with management focusing on the higher-returning businesses in Australia and New Zealand. ANZ Bank still retains a tilt to its Asia-centric strategy, but is now more balanced, better capitalized and a simpler bank.

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