BCO Mercantil de Investimentos (BSP:BMIN3) LT-Debt-to-Total-Asset : 0.40 (As of Dec. 2023)

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What is BCO Mercantil de Investimentos 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. BCO Mercantil de Investimentos's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.40.

BCO Mercantil de Investimentos's long-term debt to total assets ratio increased from Dec. 2022 (0.18) to Dec. 2023 (0.40). It may suggest that BCO Mercantil de Investimentos is progressively becoming more dependent on debt to grow their business.

BCO Mercantil de Investimentos LT-Debt-to-Total-Asset Historical Data

The historical data trend for BCO Mercantil de Investimentos'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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BCO Mercantil de Investimentos LT-Debt-to-Total-Asset Chart

BCO Mercantil de Investimentos Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.16

0.18

0.40

BCO Mercantil de Investimentos 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															0.18	-	-	-	0.40

BCO Mercantil de Investimentos LT-Debt-to-Total-Asset Calculation

BCO Mercantil de Investimentos'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 )
	=	104.009	/	260.449
	=	0.40

BCO Mercantil de Investimentos'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 )
	=	104.009	/	260.449
	=	0.40

BCO Mercantil de Investimentos (BSP:BMIN3) 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.

BCO Mercantil de Investimentos LT-Debt-to-Total-Asset Related Terms

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BCO Mercantil de Investimentos (BSP:BMIN3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » BCO Mercantil de Investimentos SA (BSP:BMIN3) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

BMIN4:Brazil

Address

Rua Rio de Janeiro 654, 6 Andar, Belo Horizonte, MG, BRA, 30160912

Website

https://www.bancobmi.com.br

BCO Mercantil de Investimentos SA provides capital financing for productive activities in short, medium and long term projects. It operates as a subsidiary of Banco Mercantil do Brasil S.A.

BCO Mercantil de Investimentos (BSP:BMIN3) Headlines

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