BCO Nordeste do Brasil (BSP:BNBR3) LT-Debt-to-Total-Asset : 0.11 (As of Dec. 2023)

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What is BCO Nordeste do Brasil 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 Nordeste do Brasil's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.11.

BCO Nordeste do Brasil's long-term debt to total assets ratio declined from Dec. 2022 (0.11) to Dec. 2023 (0.11). It may suggest that BCO Nordeste do Brasil is progressively becoming less dependent on debt to grow their business.

BCO Nordeste do Brasil LT-Debt-to-Total-Asset Historical Data

The historical data trend for BCO Nordeste do Brasil'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 Nordeste do Brasil LT-Debt-to-Total-Asset Chart

BCO Nordeste do Brasil Annual Data

Trend

Dec14

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Dec22

Dec23

LT-Debt-to-Total-Asset

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0.11

BCO Nordeste do Brasil 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															0.11	0.11	0.10	0.10	0.11

BCO Nordeste do Brasil LT-Debt-to-Total-Asset Calculation

BCO Nordeste do Brasil'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 )
	=	7055.61	/	65731.26
	=	0.11

BCO Nordeste do Brasil'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 )
	=	7055.61	/	65731.26
	=	0.11

BCO Nordeste do Brasil (BSP:BNBR3) 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 Nordeste do Brasil LT-Debt-to-Total-Asset Related Terms

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BCO Nordeste do Brasil (BSP:BNBR3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » BCO Nordeste do Brasil SA (BSP:BNBR3) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

Av Paranjana 5700 - Bloco A1/terreo, Fortaleza, CE, BRA, 60740000

Website

http://www.bnb.gov.br

BCO Nordeste do Brasil SA provides various financial products and services to economic and institutional agents, and private individuals. It provides current and checking accounts; credit card, personal credit, and overdraft services; and investments products, as well as car, life, residential, and lender insurance services. The company also provides financing programs, collection, reinvestment, capital market, foreign exchange and trade, microfinance, credit programs for the public sector, transfers and covenants, and payroll services.

BCO Nordeste do Brasil (BSP:BNBR3) Headlines

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