Scotiabank PeruA (LIM:SCOTIAC1) LT-Debt-to-Total-Asset : 0.11 (As of Sep. 2024)

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What is Scotiabank PeruA 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. Scotiabank PeruA's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.11.

Scotiabank PeruA's long-term debt to total assets ratio declined from Sep. 2023 (0.15) to Sep. 2024 (0.11). It may suggest that Scotiabank PeruA is progressively becoming less dependent on debt to grow their business.

Scotiabank PeruA LT-Debt-to-Total-Asset Historical Data

The historical data trend for Scotiabank PeruA'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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Scotiabank PeruA LT-Debt-to-Total-Asset Chart

Scotiabank PeruA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.17

0.16

0.19

0.16

Scotiabank PeruA 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															0.15	0.16	0.11	0.11	0.11

Scotiabank PeruA LT-Debt-to-Total-Asset Calculation

Scotiabank PeruA'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 )
	=	11474.927	/	72621.014
	=	0.16

Scotiabank PeruA'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 )
	=	7692.559	/	73265.117
	=	0.10

Scotiabank PeruA (LIM:SCOTIAC1) 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.

Scotiabank PeruA LT-Debt-to-Total-Asset Related Terms

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Scotiabank PeruA Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Scotiabank Peru SAA (LIM:SCOTIAC1) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

Av. Dionisio Derteano No. 102, San Isidro, Lima, PER

Website

https://www.scotiabank.com.pe

Scotiabank Peru SAA provides personal and commercial banking across Peru. The bank also provides wealth management, private banking, corporate and investment banking, and capital markets services. Its products and services include saving and current accounts, money transfers, consumer and commercial loans, mortgages, fixed-term deposits, debit, and credit cards. It generates majority of its revenues through interest income.

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