Commonwealth Bank of Australia (ASX:CBAPI.PFD) LT-Debt-to-Total-Asset : 0.15 (As of Jun. 2024)

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What is Commonwealth Bank of Australia 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. Commonwealth Bank of Australia's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.15.

Commonwealth Bank of Australia's long-term debt to total assets ratio increased from Jun. 2023 (0.13) to Jun. 2024 (0.15). It may suggest that Commonwealth Bank of Australia is progressively becoming more dependent on debt to grow their business.

Commonwealth Bank of Australia LT-Debt-to-Total-Asset Historical Data

The historical data trend for Commonwealth Bank of Australia'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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Commonwealth Bank of Australia LT-Debt-to-Total-Asset Chart

Commonwealth Bank of Australia Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

LT-Debt-to-Total-Asset

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0.17

0.13

0.15

Commonwealth Bank of Australia Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.13	0.12	0.13	0.14	0.15

Commonwealth Bank of Australia LT-Debt-to-Total-Asset Calculation

Commonwealth Bank of Australia's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Jun. 2024 is calculated as

LT Debt to Total Assets (A: Jun. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Jun. 2024 )	/	Total Assets (A: Jun. 2024 )
	=	186685	/	1254076
	=	0.15

Commonwealth Bank of Australia's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2024 is calculated as

LT Debt to Total Assets (Q: Jun. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2024 )	/	Total Assets (Q: Jun. 2024 )
	=	186685	/	1254076
	=	0.15

Commonwealth Bank of Australia (ASX:CBAPI.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.

Commonwealth Bank of Australia LT-Debt-to-Total-Asset Related Terms

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Commonwealth Bank of Australia Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Commonwealth Bank of Australia (ASX:CBAPI.PFD) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

CMWAY:USA CBAUF:USA CWW:Germany CBAPK.PFD:Australia CBAPJ.PFD:Australia CBAPH.PFD:Australia CBAPG.PFD:Australia CBA:Australia

Address

11 Harbour Street, Commonwealth Bank Place South, Level 1, Sydney, NSW, AUS, 2000

Website

https://www.commbank.com.au

Commonwealth Bank is Australia's largest bank with operations spanning Australia, New Zealand, and Asia. Its core business is the provision of retail, business, and institutional banking services. The bank has emphasized its focus on banking in recent years with a numbers of asset divestments in wealth management and insurance.

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