Banco Occidental de Descuento BOD (CAR:BOU) LT-Debt-to-Total-Asset : 0.14 (As of Mar. 2022)

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What is Banco Occidental de Descuento BOD 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. Banco Occidental de Descuento BOD's long-term debt to total assests ratio for the quarter that ended in Mar. 2022 was 0.14.

Banco Occidental de Descuento BOD's long-term debt to total assets ratio increased from Jun. 2019 (0.03) to Mar. 2022 (0.14). It may suggest that Banco Occidental de Descuento BOD is progressively becoming more dependent on debt to grow their business.

Banco Occidental de Descuento BOD LT-Debt-to-Total-Asset Historical Data

The historical data trend for Banco Occidental de Descuento BOD'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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Banco Occidental de Descuento BOD LT-Debt-to-Total-Asset Chart

Banco Occidental de Descuento BOD Annual Data

Trend

Dec21

LT-Debt-to-Total-Asset

0.02

Banco Occidental de Descuento BOD Quarterly Data
	Jun19	Jun21	Sep21	Dec21	Mar22
LT-Debt-to-Total-Asset	0.03	0.01	0.01	0.02	0.14

Banco Occidental de Descuento BOD LT-Debt-to-Total-Asset Calculation

Banco Occidental de Descuento BOD's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2021 is calculated as

LT Debt to Total Assets (A: Dec. 2021 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2021 )	/	Total Assets (A: Dec. 2021 )
	=	95.181	/	4457.649
	=	0.02

Banco Occidental de Descuento BOD's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2022 is calculated as

LT Debt to Total Assets (Q: Mar. 2022 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2022 )	/	Total Assets (Q: Mar. 2022 )
	=	530.446	/	3866.778
	=	0.14

Banco Occidental de Descuento BOD (CAR:BOU) 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.

Banco Occidental de Descuento BOD LT-Debt-to-Total-Asset Related Terms

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Banco Occidental de Descuento BOD Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Banco Occidental de Descuento BOD (CAR:BOU) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Avenida 5 de Julio, Avenue corner 17, Maracaibo, VEN

Website

http://www.bod.com.ve

Banco Occidental de Descuento BOD is a commercial bank. The Company operates in five banking units: Commercial, Co-Operative, Petroleum, Agricultural, and Private Banking.

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