Mercantil Servicios Financieros CA (CAR:MVZ.A) LT-Debt-to-Total-Asset : 0.06 (As of Dec. 2023)

View and export this data going back to . Start your Free Trial

What is Mercantil Servicios Financieros CA 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. Mercantil Servicios Financieros CA's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.06.

Mercantil Servicios Financieros CA's long-term debt to total assets ratio increased from Dec. 2022 (0.00) to Dec. 2023 (0.06). It may suggest that Mercantil Servicios Financieros CA is progressively becoming more dependent on debt to grow their business.

Mercantil Servicios Financieros CA LT-Debt-to-Total-Asset Historical Data

The historical data trend for Mercantil Servicios Financieros CA'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.

* Premium members only.

Mercantil Servicios Financieros CA LT-Debt-to-Total-Asset Chart

Mercantil Servicios Financieros CA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

Get a 7-Day Free Trial

0.01

0.06

Mercantil Servicios Financieros CA 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															-	-	-	-	0.06

Mercantil Servicios Financieros CA LT-Debt-to-Total-Asset Calculation

Mercantil Servicios Financieros CA'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 )
	=	1890.177	/	30177.633
	=	0.06

Mercantil Servicios Financieros CA'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 )
	=	1890.177	/	30177.633
	=	0.06

Mercantil Servicios Financieros CA (CAR:MVZ.A) 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.

Mercantil Servicios Financieros CA LT-Debt-to-Total-Asset Related Terms

Thank you for viewing the detailed overview of Mercantil Servicios Financieros CA's LT-Debt-to-Total-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

Mercantil Servicios Financieros CA (CAR:MVZ.A) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Mercantil Servicios Financieros CA (CAR:MVZ.A) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

MVZ.B:Venezuela

Address

Avenida Andres Bello, No. 1 Edificio Banco, Mercantil, Caracas, VEN

Website

http://www.msf.com

Mercantil Servicios Financieros CA is a Venezuela-based financial services provider. It offers, through its subsidiaries, a full range of financial products and services in the banking, insurance and wealth management businesses in the Americas and Europe. It provides financial and general banking services to corporate, middle market and retail customers. Third party asset management and securities brokerage services are provided in Venezuela and other jurisdictions, as well as insurance services in Venezuela and Panama. The company generates the majority of its revenue from Venezuela.

Mercantil Servicios Financieros CA (CAR:MVZ.A) Headlines

No Headlines