Close Brothers Group (Close Brothers Group) LT-Debt-to-Total-Asset : 0.18 (As of Jan. 2024)

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What is Close Brothers Group 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. Close Brothers Group's long-term debt to total assests ratio for the quarter that ended in Jan. 2024 was 0.18.

Close Brothers Group's long-term debt to total assets ratio declined from Jan. 2023 (0.22) to Jan. 2024 (0.18). It may suggest that Close Brothers Group is progressively becoming less dependent on debt to grow their business.

Close Brothers Group LT-Debt-to-Total-Asset Historical Data

The historical data trend for Close Brothers Group'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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Close Brothers Group LT-Debt-to-Total-Asset Chart

Close Brothers Group Annual Data

Trend

Jul14

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

LT-Debt-to-Total-Asset

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0.25

0.24

0.22

0.23

0.21

Close Brothers Group Semi-Annual Data
	Jul14	Jan15	Jul15	Jan16	Jul16	Jan17	Jul17	Jan18	Jul18	Jan19	Jul19	Jan20	Jul20	Jan21	Jul21	Jan22	Jul22	Jan23	Jul23	Jan24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.22	0.23	0.22	0.21	0.18

Close Brothers Group LT-Debt-to-Total-Asset Calculation

Close Brothers Group's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Jul. 2023 is calculated as

LT Debt to Total Assets (A: Jul. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Jul. 2023 )	/	Total Assets (A: Jul. 2023 )
	=	3665.206	/	17461.727
	=	0.21

Close Brothers Group's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jan. 2024 is calculated as

LT Debt to Total Assets (Q: Jan. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jan. 2024 )	/	Total Assets (Q: Jan. 2024 )
	=	3187.039	/	17837.103
	=	0.18

Close Brothers Group (OTCPK:CBGPF) 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.

Close Brothers Group LT-Debt-to-Total-Asset Related Terms

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Close Brothers Group (Close Brothers Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Close Brothers Group PLC (OTCPK:CBGPF) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

CBGPY:USA CBGl:UK CBG:UK CS3:Germany

Address

10 Crown Place, London, GBR, EC2A 4FT

Website

https://www.closebrothers.com

Close Brothers Group PLC is a merchant banking group providing lending, deposit solutions, wealth management services, and securities trading. The company mostly provides services to small businesses and individuals in the United Kingdom. Its strategy focuses on niche markets to drive high levels of repeat business with clients. The company distributes its service offerings with a direct salesforce and an intermediated distribution network. Its banking division provides asset, invoice, motor, premium, and property finance. Close Brothers' security business is primarily a liquidity provider to U.K. retail stockbrokers and institutions. The group's asset management division offers financial planning and investment management services.

Close Brothers Group (Close Brothers Group) Headlines

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