Banestes Banco Estado Espirito (BSP:BEES3) LT-Debt-to-Total-Asset : 0.35 (As of Dec. 2023)

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What is Banestes Banco Estado Espirito 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. Banestes Banco Estado Espirito's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.35.

Banestes Banco Estado Espirito's long-term debt to total assets ratio increased from Dec. 2022 (0.34) to Dec. 2023 (0.35). It may suggest that Banestes Banco Estado Espirito is progressively becoming more dependent on debt to grow their business.

Banestes Banco Estado Espirito LT-Debt-to-Total-Asset Historical Data

The historical data trend for Banestes Banco Estado Espirito'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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Banestes Banco Estado Espirito LT-Debt-to-Total-Asset Chart

Banestes Banco Estado Espirito Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.38

0.35

0.34

0.35

Banestes Banco Estado Espirito 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															0.34	0.31	0.30	0.35	0.35

Banestes Banco Estado Espirito LT-Debt-to-Total-Asset Calculation

Banestes Banco Estado Espirito'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 )
	=	14391.603	/	41515.412
	=	0.35

Banestes Banco Estado Espirito'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 )
	=	14391.603	/	41515.412
	=	0.35

Banestes Banco Estado Espirito (BSP:BEES3) 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.

Banestes Banco Estado Espirito LT-Debt-to-Total-Asset Related Terms

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Banestes Banco Estado Espirito (BSP:BEES3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Banestes SA Banco Estado Espirito (BSP:BEES3) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

BEES4:Brazil

Address

Avenue Princesa Isabel, 574, Bloco B - 9th floor - Ed. Palas, Centro, Vitoria, ES, BRA, 29010-031

Website

http://www.banestes.com.br

Banestes SA Banco Estado Espirito operates as a bank. Its activities are focused on the credit operations. It also operates in foreign exchange market, offering products geared mainly to finance imports and exports like letter of credit. The Bank offers credit, securities brokerage services, foreign exchange, and other financial services.

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