Bancontander (MIL:1SANX) LT-Debt-to-Total-Asset : 0.18 (As of Sep. 2024)

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What is Bancontander 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. Bancontander's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.18.

Bancontander's long-term debt to total assets ratio increased from Sep. 2023 (0.17) to Sep. 2024 (0.18). It may suggest that Bancontander is progressively becoming more dependent on debt to grow their business.

Bancontander LT-Debt-to-Total-Asset Historical Data

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

Bancontander Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.18

0.16

0.15

Bancontander 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															0.17	0.15	0.18	0.18	0.18

Bancontander LT-Debt-to-Total-Asset Calculation

Bancontander'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 )
	=	264223	/	1797062
	=	0.15

Bancontander'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 )
	=	321933	/	1802259
	=	0.18

Bancontander (MIL:1SANX) 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.

Bancontander LT-Debt-to-Total-Asset Related Terms

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Bancontander Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Banco Santander SA (MIL:1SANX) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

BCDRF:USA SAN:USA SAN:Poland SAN:Mexico SANe:UK BNC:UK SAN:Spain BSD2:Germany BSD2:Germany BSD2:Germany BSDK:Germany BSD2:Germany BCSA34:Brazil SAN:Austria SAN:Argentina

Address

Avenida de Cantabria s/n, Boadilla del Monte, Ciudad Grupo Santander, Madrid, ESP, 28660

Website

https://www.santander.com

Santander's focus is on retail and commercial banking. Latin America is geographically the most significant operation, with Brazil making the largest contribution. Its continental European business is mainly in Spain and Portugal. Santander's UK presence is the result of its acquisition of Abbey building society. In the US, Santander operates a vehicle finance business and a regional bank focused on the Northeastern states.

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