Abbey Mortgage Bank (NSA:ABBEYBDS) LT-Debt-to-Total-Asset : 0.08 (As of Dec. 2023)

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What is Abbey Mortgage Bank 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. Abbey Mortgage Bank's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.08.

Abbey Mortgage Bank's long-term debt to total assets ratio increased from Dec. 2021 (0.01) to Dec. 2023 (0.08). It may suggest that Abbey Mortgage Bank is progressively becoming more dependent on debt to grow their business.

Abbey Mortgage Bank LT-Debt-to-Total-Asset Historical Data

The historical data trend for Abbey Mortgage Bank'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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Abbey Mortgage Bank LT-Debt-to-Total-Asset Chart

Abbey Mortgage Bank Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.03

0.02

0.01

0.08

Abbey Mortgage Bank Semi-Annual Data
	Dec16	Dec17	Dec18	Dec19	Dec20	Dec21	Dec22	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial			0.03	0.02	0.01	0.01	0.08

Abbey Mortgage Bank LT-Debt-to-Total-Asset Calculation

Abbey Mortgage Bank'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 )
	=	4289.524	/	57542.242
	=	0.07

Abbey Mortgage Bank'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 )
	=	4289.524	/	57542.242
	=	0.07

Abbey Mortgage Bank (NSA:ABBEYBDS) 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.

Abbey Mortgage Bank LT-Debt-to-Total-Asset Related Terms

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Abbey Mortgage Bank (NSA:ABBEYBDS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Abbey Mortgage Bank PLC (NSA:ABBEYBDS) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

No 23, Karimu Kotun Street, Victoria Island, Lagos, NGA

Website

http://www.abbeymortgagebank.com

Abbey Mortgage Bank PLC provides loan, mortgage and banking services to corporate and individual customers. The Bank's operations are geographically divided into two segments based on its operations within the northern and southern Nigeria The company offers a savings account, deposits, fund management services, personal loan, real estate and mortgage services and construction financing, among others.

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