Corporacion Financiera Colombiana (BOG:SDCORFIC) LT-Debt-to-Total-Asset : 0.27 (As of Dec. 2023)

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What is Corporacion Financiera Colombiana 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. Corporacion Financiera Colombiana's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.27.

Corporacion Financiera Colombiana's long-term debt to total assets ratio declined from Dec. 2022 (0.31) to Dec. 2023 (0.27). It may suggest that Corporacion Financiera Colombiana is progressively becoming less dependent on debt to grow their business.

Corporacion Financiera Colombiana LT-Debt-to-Total-Asset Historical Data

The historical data trend for Corporacion Financiera Colombiana'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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Corporacion Financiera Colombiana LT-Debt-to-Total-Asset Chart

Corporacion Financiera Colombiana Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.15

0.12

0.24

0.31

0.27

Corporacion Financiera Colombiana 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															0.31	0.21	0.19	-	0.27

Corporacion Financiera Colombiana LT-Debt-to-Total-Asset Calculation

Corporacion Financiera Colombiana'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 )
	=	15564609	/	57286403
	=	0.27

Corporacion Financiera Colombiana'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 )
	=	15564609	/	57286403
	=	0.27

Corporacion Financiera Colombiana (BOG:SDCORFIC) 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.

Corporacion Financiera Colombiana LT-Debt-to-Total-Asset Related Terms

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Corporacion Financiera Colombiana (BOG:SDCORFIC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Corporacion Financiera Colombiana SA (BOG:SDCORFIC) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

PFCORFICOL:Columbia CORFICOLCF:Columbia

Address

Carrera 13 No. 26-45, Floor 8, Bogota, COL

Website

https://www.corficolombiana.com

Corporacion Financiera Colombiana SA is a financial service provider based in Colombia. The company along with its subsidiaries provides investment banking, commercial banking, treasury, and investments services to its customers. Through its business divisions, it offers debt and capital resources, mergers and acquisitions services, liquidity solutions, and foreign currency.

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