EQB (TSX:EQB) LT-Debt-to-Total-Asset : 0.35 (As of Jan. 2024)

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What is EQB 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. EQB's long-term debt to total assests ratio for the quarter that ended in Jan. 2024 was 0.35.

EQB's long-term debt to total assets ratio declined from Sep. 2022 (0.35) to Jan. 2024 (0.35). It may suggest that EQB is progressively becoming less dependent on debt to grow their business.

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

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

EQB Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

LT-Debt-to-Total-Asset

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0.38

0.39

0.42

0.37

EQB Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Jan24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.35	0.36	0.36	0.36	0.35

EQB LT-Debt-to-Total-Asset Calculation

EQB's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2021 is calculated as

LT Debt to Total Assets (A: Dec. 2021 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2021 )	/	Total Assets (A: Dec. 2021 )
	=	13376.146	/	36159.07
	=	0.37

EQB's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jan. 2024 is calculated as

LT Debt to Total Assets (Q: Jan. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jan. 2024 )	/	Total Assets (Q: Jan. 2024 )
	=	18507.456	/	53098.875
	=	0.35

EQB (TSX:EQB) 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.

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

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EQB (TSX:EQB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » EQB Inc (TSX:EQB) » Definitions » LT-Debt-to-Total-Asset

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EQGPF:USA V22:Germany EQB.PR.C.PFD:Canada

Address

30 St. Clair Avenue West, Suite 700, Toronto, ON, CAN, M4V 3A1

Website

https://www.eqbank.ca

EQB Inc operates through its wholly owned subsidiary, Equitable Bank, Canada's Challenger BankTM. It serves Canadians through two business lines, Personal Banking and Business Banking. The company differentiates by providing a host of challenger bank deposit services, alternative single-family lending, reverse mortgage lending, insurance lending, Specialized finance, Commercial finance group, Equipment financing, credit union services and trust services.

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