Union Bank of Colombo (COL:UBC.N0000) LT-Debt-to-Total-Asset : 0.00 (As of Sep. 2024)

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What is Union Bank of Colombo 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. Union Bank of Colombo's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.00.

Union Bank of Colombo's long-term debt to total assets ratio stayed the same from Sep. 2023 (0.00) to Sep. 2024 (0.00).

Union Bank of Colombo LT-Debt-to-Total-Asset Historical Data

The historical data trend for Union Bank of Colombo'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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Union Bank of Colombo LT-Debt-to-Total-Asset Chart

Union Bank of Colombo Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.11

0.09

0.06

0.02

Union Bank of Colombo Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															-	0.02	-	-	-

Union Bank of Colombo LT-Debt-to-Total-Asset Calculation

Union Bank of Colombo'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 )
	=	2924.465	/	147331.789
	=	0.02

Union Bank of Colombo's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2024 is calculated as

LT Debt to Total Assets (Q: Sep. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2024 )	/	Total Assets (Q: Sep. 2024 )
	=	0	/	150188.153
	=	0.00

Union Bank of Colombo (COL:UBC.N0000) 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.

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Union Bank of Colombo Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Union Bank of Colombo PLC (COL:UBC.N0000) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

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Address

No. 64, Galle Road, Colombo, LKA, 03

Website

https://www.unionb.com

Union Bank of Colombo PLC is a provider of banking services. The company's services include commercial banking and the provision of related financial services including, accepting deposits, personal banking, retail banking, trade financing, off-shore banking, resident and non-resident foreign currency operations, corporate and retail credit, pawning, project financing, lease financing, rural credit, internet banking, money remittance facilities, dealing in Government Securities and treasury related products and margin trading, among others. It operates under four business segments, namely Corporate Banking, SME, Retail, and Treasury. It generates maximum revenue from Retail Segment.

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