Citizens Development Business Finance (COL:CDB.X0000) LT-Debt-to-Total-Asset : 0.04 (As of Dec. 2024)

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What is Citizens Development Business Finance 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. Citizens Development Business Finance's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.04.

Citizens Development Business Finance's long-term debt to total assets ratio declined from Dec. 2023 (0.29) to Dec. 2024 (0.04). It may suggest that Citizens Development Business Finance is progressively becoming less dependent on debt to grow their business.

Citizens Development Business Finance LT-Debt-to-Total-Asset Historical Data

The historical data trend for Citizens Development Business Finance'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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Citizens Development Business Finance LT-Debt-to-Total-Asset Chart

Citizens Development Business Finance Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.36

0.30

0.20

0.25

Citizens Development Business Finance Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.29	0.25	0.25	0.05	0.04

Citizens Development Business Finance LT-Debt-to-Total-Asset Calculation

Citizens Development Business Finance's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (A: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Mar. 2024 )	/	Total Assets (A: Mar. 2024 )
	=	31549.68	/	128777.985
	=	0.24

Citizens Development Business Finance's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (Q: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2024 )	/	Total Assets (Q: Dec. 2024 )
	=	5772.25	/	143641.505
	=	0.04

Citizens Development Business Finance (COL:CDB.X0000) 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.

Citizens Development Business Finance LT-Debt-to-Total-Asset Related Terms

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Citizens Development Business Finance Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Citizens Development Business Finance PLC (COL:CDB.X0000) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

CDB.N0000:Sri Lanka

Address

No. 123, Orabipasha Mawatha, Colombo, LKA, 10

Website

https://www.cdb.lk

Citizens Development Business Finance PLC provides financial services. The company offers term and savings deposits, leasing, hire purchase and loan facilities, gold loans, foreign exchange, foreign remittances, issuance of international debit cards, credit cards, margin trading, Islamic finance products, and other financial services. Its operating segment includes Lease and stocks out on hire; Loans and advances and Other. The company generates maximum revenue from the Lease and stock out-on-hire segment.

Citizens Development Business Finance Headlines

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