Bank of Georgia Group (LSE:BGEO) LT-Debt-to-Total-Asset : 0.11 (As of Dec. 2023)

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What is Bank of Georgia Group 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. Bank of Georgia Group's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.11.

Bank of Georgia Group's long-term debt to total assets ratio declined from Dec. 2022 (0.12) to Dec. 2023 (0.11). It may suggest that Bank of Georgia Group is progressively becoming less dependent on debt to grow their business.

Bank of Georgia Group LT-Debt-to-Total-Asset Historical Data

The historical data trend for Bank of Georgia Group'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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Bank of Georgia Group LT-Debt-to-Total-Asset Chart

Bank of Georgia Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.24

0.19

0.18

0.12

0.11

Bank of Georgia Group Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.12	0.16	0.10	0.12	0.11

Bank of Georgia Group LT-Debt-to-Total-Asset Calculation

Bank of Georgia Group'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 )
	=	1007.712	/	9176.945
	=	0.11

Bank of Georgia Group's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	1007.712	/	9176.945
	=	0.11

Bank of Georgia Group (LSE:BGEO) 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.

Bank of Georgia Group LT-Debt-to-Total-Asset Related Terms

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Bank of Georgia Group (LSE:BGEO) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Bank of Georgia Group PLC (LSE:BGEO) » Definitions » LT-Debt-to-Total-Asset

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BDGSF:USA BGEOl:UK GEB:Germany

Address

42 Brook Street, London, GBR, W1K 5DB

Website

http://www.bankofgeorgiagroup.com

Bank of Georgia Group PLC offers banking services. The company through its banking divisions involves in various business which includes retail banking and payment services, corporate investment banking and wealth management operations, and banking operations in Belarus which forms the core entity of the group's banking business. The Bank has operating outlets in all cities of Georgia.

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