Atlas Mara (CHIX:ATMAL) LT-Debt-to-Total-Asset : 0.17 (As of Jun. 2020)

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What is Atlas Mara 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. Atlas Mara's long-term debt to total assests ratio for the quarter that ended in Jun. 2020 was 0.17.

Atlas Mara's long-term debt to total assets ratio declined from Jun. 2019 (0.17) to Jun. 2020 (0.17). It may suggest that Atlas Mara is progressively becoming less dependent on debt to grow their business.

Atlas Mara LT-Debt-to-Total-Asset Historical Data

The historical data trend for Atlas Mara'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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Atlas Mara LT-Debt-to-Total-Asset Chart

Atlas Mara Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

LT-Debt-to-Total-Asset

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0.12

0.11

0.15

0.14

Atlas Mara Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial						0.12	0.15	0.17	0.14	0.17

Atlas Mara LT-Debt-to-Total-Asset Calculation

Atlas Mara's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2019 is calculated as

LT Debt to Total Assets (A: Dec. 2019 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2019 )	/	Total Assets (A: Dec. 2019 )
	=	373.479	/	2627.411
	=	0.14

Atlas Mara's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2020 is calculated as

LT Debt to Total Assets (Q: Jun. 2020 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2020 )	/	Total Assets (Q: Jun. 2020 )
	=	410.666	/	2489.977
	=	0.16

Atlas Mara (CHIX:ATMAl) 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.

Atlas Mara LT-Debt-to-Total-Asset Related Terms

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Atlas Mara (CHIX:ATMAL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Atlas Mara Ltd (CHIX:ATMAl) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

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Traded in Other Exchanges

N/A

Address

Ritter House, 6th Floor, Wickhams Cay II, PO Box 4041, Tortola, Road Town, VGB, VG1110

Website

https://www.atlasmara.com

Atlas Mara Ltd is a London-listed financial services group engaged in banking operations. It provides corporate and retail financial services to corporations, small-and-medium-sized enterprises and individuals. Its segments include Nigeria; Botswana; and Zimbabwe. The bank generates most of the revenue from Botswana segment.

Atlas Mara (CHIX:ATMAL) Headlines

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