Big Banc Split (TSX:BNK) LT-Debt-to-Total-Asset : 0.01 (As of Jun. 2024)

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What is Big Banc Split 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. Big Banc Split's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.01.

Big Banc Split's long-term debt to total assets ratio increased from Jun. 2023 (0.00) to Jun. 2024 (0.01). It may suggest that Big Banc Split is progressively becoming more dependent on debt to grow their business.

Big Banc Split LT-Debt-to-Total-Asset Historical Data

The historical data trend for Big Banc Split'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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Big Banc Split LT-Debt-to-Total-Asset Chart

Big Banc Split Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

0.01

Big Banc Split Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial			-	0.01	-	-	0.01

Big Banc Split LT-Debt-to-Total-Asset Calculation

Big Banc Split'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 )
	=	0	/	28.519
	=	0.00

Big Banc Split'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 )
	=	0.246	/	27.387
	=	0.01

Big Banc Split (TSX:BNK) 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.

Big Banc Split LT-Debt-to-Total-Asset Related Terms

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Big Banc Split Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Big Banc Split Corp (TSX:BNK) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

BNK.PR.A.PFD:Canada

Address

130 Adelaide Street West, Suite 3100, P.O. Box 109, Toronto, ON, CAN, M5H 3P5

Website

https://www.purposeinvest.com/funds/big-banc

Big Banc Split Corp is a mutual fund corporation. Its investment objectives include providing its holders with regular monthly non-cumulative cash distributions.

Big Banc Split Headlines

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