SALAFIN (Groupe BMCE) (CAS:SLF) LT-Debt-to-Total-Asset : 0.38 (As of Dec. 2023)

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What is SALAFIN (Groupe BMCE) 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. SALAFIN (Groupe BMCE)'s long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.38.

SALAFIN (Groupe BMCE)'s long-term debt to total assets ratio declined from Dec. 2022 (0.42) to Dec. 2023 (0.38). It may suggest that SALAFIN (Groupe BMCE) is progressively becoming less dependent on debt to grow their business.

SALAFIN (Groupe BMCE) LT-Debt-to-Total-Asset Historical Data

The historical data trend for SALAFIN (Groupe BMCE)'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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SALAFIN (Groupe BMCE) LT-Debt-to-Total-Asset Chart

SALAFIN (Groupe BMCE) Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.42

0.41

0.45

0.42

0.38

SALAFIN (Groupe BMCE) Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.45	0.41	0.42	0.43	0.38

SALAFIN (Groupe BMCE) LT-Debt-to-Total-Asset Calculation

SALAFIN (Groupe BMCE)'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 )
	=	1498.178	/	3905.331
	=	0.38

SALAFIN (Groupe BMCE)'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 )
	=	1498.178	/	3905.331
	=	0.38

SALAFIN (Groupe BMCE) (CAS:SLF) 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.

SALAFIN (Groupe BMCE) LT-Debt-to-Total-Asset Related Terms

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SALAFIN (Groupe BMCE) (CAS:SLF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » SALAFIN (Groupe BMCE) (CAS:SLF) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Immeuble Zenith Millenium 8, Sidi Maarouf, Casablanca, MAR

Website

http://www.salafin.com

SALAFIN (Groupe BMCE) is a Morocco-based company. It is a finance company. It offers consumer credit services. The company operates through various business segments that are Personal Credit, which include personal loan, and mortgage credit; Auto Financing, which provides car loans; and Revolving Credit.