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CNDCF (Canadian Banc) LT-Debt-to-Total-Asset : 0.00 (As of May. 2024)


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What is Canadian Banc 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. Canadian Banc's long-term debt to total assests ratio for the quarter that ended in May. 2024 was 0.00.

Canadian Banc's long-term debt to total assets ratio stayed the same from May. 2023 (0.00) to May. 2024 (0.00).

Canadian Banc LT-Debt-to-Total-Asset Historical Data

The historical data trend for Canadian Banc'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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Canadian Banc LT-Debt-to-Total-Asset Chart

Canadian Banc Annual Data
Trend Nov14 Nov15 Nov16 Nov17 Nov18 Nov19 Nov20 Nov21 Nov22 Nov23
LT-Debt-to-Total-Asset
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Canadian Banc Semi-Annual Data
Nov14 May15 Nov15 May16 Nov16 May17 Nov17 May18 Nov18 May19 Nov19 May20 Nov20 May21 Nov21 May22 Nov22 May23 Nov23 May24
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Canadian Banc LT-Debt-to-Total-Asset Calculation

Canadian Banc's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Nov. 2023 is calculated as

LT Debt to Total Assets (A: Nov. 2023 )=Long-Term Debt & Capital Lease Obligation (A: Nov. 2023 )/Total Assets (A: Nov. 2023 )
=0/459.826
=0.00

Canadian Banc's Long-Term Debt to Total Asset Ratio for the quarter that ended in May. 2024 is calculated as

LT Debt to Total Assets (Q: May. 2024 )=Long-Term Debt & Capital Lease Obligation (Q: May. 2024 )/Total Assets (Q: May. 2024 )
=0/460.959
=0.00

* 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.

Canadian Banc  (OTCPK:CNDCF) 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.

Canadian Banc LT-Debt-to-Total-Asset Related Terms

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Canadian Banc Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Canadian Banc Corp (OTCPK:CNDCF) » Definitions » LT-Debt-to-Total-Asset
Comparable Companies
TSX:QRC TSX:ENS TSX:FFN TSX:DGS TSX:HFPC.U TSX:PTI.UN TSXV:TINY TSX:OLY TSX:URB.A TSX:SBC BLK BX KKR APO TSX:BN OSTO:INVE A AMP LSE:III XSWX:PGHN ARES
Traded in Other Exchanges
BK.PR.A.PFD:Canada BK:Canada
Address
200 Front Street West, Suite 2510, P.O. Box 51, Toronto, ON, CAN, M5V 3K2
Website
https://www.quadravest.com
Canadian Banc Corp is a Canadian-based company operating in the financial services sector. The Company invests in an actively managed portfolio of common shares comprised of Canadian chartered banks. The Company employs an active covered call writing program to enhance the income earned from the portfolio.

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