Banco Itau Chile (Banco Itau Chile) LT-Debt-to-Total-Asset : 0.24 (As of Sep. 2023)

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What is Banco Itau Chile 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. Banco Itau Chile's long-term debt to total assests ratio for the quarter that ended in Sep. 2023 was 0.24.

Banco Itau Chile's long-term debt to total assets ratio increased from Sep. 2022 (0.21) to Sep. 2023 (0.24). It may suggest that Banco Itau Chile is progressively becoming more dependent on debt to grow their business.

Banco Itau Chile LT-Debt-to-Total-Asset Historical Data

The historical data trend for Banco Itau Chile'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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Banco Itau Chile LT-Debt-to-Total-Asset Chart

Banco Itau Chile Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

LT-Debt-to-Total-Asset

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0.29

0.28

0.29

0.28

0.29

Banco Itau Chile Quarterly Data
	Mar14	Jun14	Dec14	Dec15	Dec16	Dec17	Dec18	Dec19	Jun20	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.21	0.29	0.25	0.25	0.24

Banco Itau Chile LT-Debt-to-Total-Asset Calculation

Banco Itau Chile's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2022 is calculated as

LT Debt to Total Assets (A: Dec. 2022 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2022 )	/	Total Assets (A: Dec. 2022 )
	=	13529.576	/	46505.537
	=	0.29

Banco Itau Chile's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2023 is calculated as

LT Debt to Total Assets (Q: Sep. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2023 )	/	Total Assets (Q: Sep. 2023 )
	=	11335.44	/	46604.29
	=	0.24

Banco Itau Chile (OTCPK:ITCLY) 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.

Banco Itau Chile LT-Debt-to-Total-Asset Related Terms

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Banco Itau Chile (Banco Itau Chile) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Banco Itau Chile (OTCPK:ITCLY) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

D8S:Germany ITAUCL:Chile

Address

Presidente Riesco 5537, Las Condes, Santiago, CHL

Website

https://www.itau.cl

Banco Itau Chile is a commercial bank from Chile. The bank has operations in Colombia, Panama, the United States, and Spain. CorpBanca offers commercial and retail banking products, mainly to individuals and midsize and large corporations. The product portfolio consists of treasury and financial advisory, securities brokerage, asset management, insurance brokerage, investment banking, payment products, legal services, cash management, international trade, mortgages, and consumer credit.