St Galler Kantonalbank AG (LTS:0QQZ) LT-Debt-to-Total-Asset : 0.16 (As of Jun. 2024)

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What is St Galler Kantonalbank AG 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. St Galler Kantonalbank AG's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.16.

St Galler Kantonalbank AG's long-term debt to total assets ratio declined from Jun. 2023 (0.17) to Jun. 2024 (0.16). It may suggest that St Galler Kantonalbank AG is progressively becoming less dependent on debt to grow their business.

St Galler Kantonalbank AG LT-Debt-to-Total-Asset Historical Data

The historical data trend for St Galler Kantonalbank AG'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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St Galler Kantonalbank AG LT-Debt-to-Total-Asset Chart

St Galler Kantonalbank AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.23

0.20

0.18

0.17

0.18

St Galler Kantonalbank AG Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.19	0.17	0.17	0.18	0.16

St Galler Kantonalbank AG LT-Debt-to-Total-Asset Calculation

St Galler Kantonalbank AG'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 )
	=	7218.966	/	41336.59
	=	0.17

St Galler Kantonalbank AG's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2024 is calculated as

LT Debt to Total Assets (Q: Jun. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2024 )	/	Total Assets (Q: Jun. 2024 )
	=	7404.07	/	45624.079
	=	0.16

St Galler Kantonalbank AG (LTS:0QQZ) 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.

St Galler Kantonalbank AG LT-Debt-to-Total-Asset Related Terms

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St Galler Kantonalbank AG Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » St Galler Kantonalbank AG (LTS:0QQZ) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

SGKNz:UK SGKN:Switzerland

Address

St. Leonhardstrasse 25, St. Gallen, CHE, 9001

Website

https://www.sgkb.ch

St Galler Kantonalbank AG provides banking services to the local population and small and middle-sized companies in Switzerland and globally. It also offers private banking. The bank adopts a balanced business model based on two revenue sources. Its objectives are the growth of loans, the growth of funds under management, cost and income ratio and return on equity. The firm operates in St Gall through its network of branches. The company has developed and promoted the brand Cantonal bank. Retail and commercial clients, private banking, and corporate center are the segments of the company.

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