Credito RealB de CV Sofom ER (Credito RealB de CV Sofom ER) LT-Debt-to-Total-Asset : 0.71 (As of Sep. 2021)

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What is Credito RealB de CV Sofom ER 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. Credito RealB de CV Sofom ER's long-term debt to total assests ratio for the quarter that ended in Sep. 2021 was 0.71.

Credito RealB de CV Sofom ER's long-term debt to total assets ratio increased from Sep. 2020 (0.71) to Sep. 2021 (0.71). It may suggest that Credito RealB de CV Sofom ER is progressively becoming more dependent on debt to grow their business.

Credito RealB de CV Sofom ER LT-Debt-to-Total-Asset Historical Data

The historical data trend for Credito RealB de CV Sofom ER'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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Credito RealB de CV Sofom ER LT-Debt-to-Total-Asset Chart

Credito RealB de CV Sofom ER Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

LT-Debt-to-Total-Asset

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0.69

0.56

0.62

0.67

0.71

Credito RealB de CV Sofom ER Quarterly Data
	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.71	0.71	0.74	0.74	0.71

Credito RealB de CV Sofom ER LT-Debt-to-Total-Asset Calculation

Credito RealB de CV Sofom ER's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2020 is calculated as

LT Debt to Total Assets (A: Dec. 2020 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2020 )	/	Total Assets (A: Dec. 2020 )
	=	2504.832	/	3534.932
	=	0.71

Credito RealB de CV Sofom ER's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2021 is calculated as

LT Debt to Total Assets (Q: Sep. 2021 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2021 )	/	Total Assets (Q: Sep. 2021 )
	=	2667.138	/	3747.962
	=	0.71

Credito RealB de CV Sofom ER (OTCPK:CRQDQ) 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.

Credito RealB de CV Sofom ER LT-Debt-to-Total-Asset Related Terms

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Credito RealB de CV Sofom ER (Credito RealB de CV Sofom ER) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Credito Real SAB de CV Sofom ER (OTCPK:CRQDQ) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Avenida Insurgentes Sur No. 730, 20th Floor, Colonia Del Valle Norte, Del Benito Juarez, Mexico, MEX, MEX, 03103

Website

http://www.creditoreal.com.mx

Credito Real SAB de CV Sofom ER is a nonbanking financial institution in Mexico that focuses on consumer lending to low-income and middle-income customers. The company primarily makes payroll loans, durable goods loans, small business loans, group loans and used-car loans.

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