Bread Financial Holdings (LTS:0HCR) LT-Debt-to-Total-Asset : 0.21 (As of Mar. 2024)

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What is Bread Financial Holdings 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. Bread Financial Holdings's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.21.

Bread Financial Holdings's long-term debt to total assets ratio declined from Mar. 2023 (0.22) to Mar. 2024 (0.21). It may suggest that Bread Financial Holdings is progressively becoming less dependent on debt to grow their business.

Bread Financial Holdings LT-Debt-to-Total-Asset Historical Data

The historical data trend for Bread Financial Holdings'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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Bread Financial Holdings LT-Debt-to-Total-Asset Chart

Bread Financial Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.39

0.35

0.32

0.24

Bread Financial Holdings Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.22	0.22	0.20	0.24	0.21

Bread Financial Holdings LT-Debt-to-Total-Asset Calculation

Bread Financial Holdings'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 )
	=	5440	/	23141
	=	0.24

Bread Financial Holdings's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (Q: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2024 )	/	Total Assets (Q: Mar. 2024 )
	=	4652	/	22299
	=	0.21

Bread Financial Holdings (LTS:0HCR) 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.

Bread Financial Holdings LT-Debt-to-Total-Asset Related Terms

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Bread Financial Holdings (LTS:0HCR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Bread Financial Holdings Inc (LTS:0HCR) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

BFH:USA A1LL34:Brazil

Address

3075 Loyalty Circle, Columbus, OH, USA, 43219

Website

https://www.breadfinancial.com

Formed by a combination of JCPenney's credit card processing unit and The Limited's credit card bank business, Bread Financial is a provider of private label and co-branded credit cards, loyalty programs, and marketing services. The company's most financially significant unit is its credit card business that partners with retailers to jointly market Bread's credit cards to their customers. The company also retains minority interest in its recently spun-off LoyaltyOne division, which operates the largest airline miles loyalty program in Canada and offers marketing services to grocery chains in Europe and Asia.

Bread Financial Holdings (LTS:0HCR) Headlines

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