Westpac Banking (ASX:WBCPH.PFD) LT-Debt-to-Total-Asset : 0.17 (As of Sep. 2024)

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

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

Westpac Banking's long-term debt to total assets ratio increased from Sep. 2023 (0.16) to Sep. 2024 (0.17). It may suggest that Westpac Banking is progressively becoming more dependent on debt to grow their business.

Westpac Banking LT-Debt-to-Total-Asset Historical Data

The historical data trend for Westpac Banking'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.

* Premium members only.

Westpac Banking LT-Debt-to-Total-Asset Chart

Westpac Banking Annual Data

Trend

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Sep24

LT-Debt-to-Total-Asset

Get a 7-Day Free Trial

0.17

0.15

0.16

0.17

Westpac Banking 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															0.15	0.18	0.16	0.19	0.17

Westpac Banking LT-Debt-to-Total-Asset Calculation

Westpac Banking'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 )
	=	183612	/	1077544
	=	0.17

Westpac Banking'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 )
	=	183612	/	1077544
	=	0.17

Westpac Banking (ASX:WBCPH.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.

Westpac Banking LT-Debt-to-Total-Asset Related Terms

Thank you for viewing the detailed overview of Westpac Banking's LT-Debt-to-Total-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

Westpac Banking Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Westpac Banking Corp (ASX:WBCPH.PFD) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

WEBNF:USA WBC:New Zealand WBC:Germany WBCPL.PFD:Australia WBCPK.PFD:Australia WBCPJ.PFD:Australia WBCPI.PFD:Australia WBC:Australia

Address

275 Kent Street, Sydney, NSW, AUS, 2000

Website

https://www.westpac.com.au

Westpac is Australia's oldest bank and financial services group, with a significant franchise in Australia and New Zealand in the consumer, small business, corporate, and institutional sectors, in addition to its major presence in wealth management. Westpac is among a handful of banks around the globe currently retaining very high credit ratings. The bank benefits from a large national branch network and significant market share, particularly in home loans and retail deposits.

Westpac Banking Headlines

No Headlines