FirstCaribbean International Bank (TRN:FCI) LT-Debt-to-Total-Asset : 0.01 (As of Apr. 2020)

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What is FirstCaribbean International 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. FirstCaribbean International Bank's long-term debt to total assests ratio for the quarter that ended in Apr. 2020 was 0.01.

FirstCaribbean International Bank's long-term debt to total assets ratio declined from Apr. 2019 (0.01) to Apr. 2020 (0.01). It may suggest that FirstCaribbean International Bank is progressively becoming less dependent on debt to grow their business.

FirstCaribbean International Bank LT-Debt-to-Total-Asset Historical Data

The historical data trend for FirstCaribbean International 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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FirstCaribbean International Bank LT-Debt-to-Total-Asset Chart

FirstCaribbean International Bank Annual Data

Trend

Oct11

Oct12

Oct13

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

LT-Debt-to-Total-Asset

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0.02

0.01

FirstCaribbean International Bank Quarterly Data
	Jul15	Oct15	Jan16	Apr16	Jul16	Oct16	Jan17	Apr17	Jul17	Oct17	Jan18	Apr18	Jul18	Oct18	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.01	0.01	0.01	0.01	0.01

FirstCaribbean International Bank LT-Debt-to-Total-Asset Calculation

FirstCaribbean International Bank's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Oct. 2019 is calculated as

LT Debt to Total Assets (A: Oct. 2019 )	=	Long-Term Debt & Capital Lease Obligation (A: Oct. 2019 )	/	Total Assets (A: Oct. 2019 )
	=	609.866	/	78513.297
	=	0.01

FirstCaribbean International Bank's Long-Term Debt to Total Asset Ratio for the quarter that ended in Apr. 2020 is calculated as

LT Debt to Total Assets (Q: Apr. 2020 )	=	Long-Term Debt & Capital Lease Obligation (Q: Apr. 2020 )	/	Total Assets (Q: Apr. 2020 )
	=	514.141	/	80869.387
	=	0.01

FirstCaribbean International Bank (TRN:FCI) 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.

FirstCaribbean International Bank LT-Debt-to-Total-Asset Related Terms

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FirstCaribbean International Bank (TRN:FCI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » FirstCaribbean International Bank Ltd (TRN:FCI) » Definitions » LT-Debt-to-Total-Asset

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Address

Warrens, St. Michael, P.O. Box 503, Michael, BRB

Website

https://www.cibcfcib.com

FirstCaribbean International Bank Ltd banking services to individual and business clients. The company operates through four segments namely Retail and Business Banking, Corporate and Investment Banking, Wealth Management and Administration. The geographic markets in which the group operates are Barbados, The Bahamas, British Virgin Islands, The Cayman Islands and Turks and Caicos Islands, and The Eastern Caribbean Islands.

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