Ecobank Transnational (XBRV:ETIT) LT-Debt-to-Total-Asset : 0.08 (As of Sep. 2023)

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What is Ecobank Transnational 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. Ecobank Transnational's long-term debt to total assests ratio for the quarter that ended in Sep. 2023 was 0.08.

Ecobank Transnational's long-term debt to total assets ratio increased from Sep. 2022 (0.07) to Sep. 2023 (0.08). It may suggest that Ecobank Transnational is progressively becoming more dependent on debt to grow their business.

Ecobank Transnational LT-Debt-to-Total-Asset Historical Data

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

Ecobank Transnational Annual Data

Trend

Dec12

Dec13

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

LT-Debt-to-Total-Asset

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0.09

0.07

0.08

0.07

Ecobank Transnational Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.07	0.07	0.09	0.08	0.08

Ecobank Transnational LT-Debt-to-Total-Asset Calculation

Ecobank Transnational's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2022 is calculated as

LT Debt to Total Assets (A: Dec. 2022 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2022 )	/	Total Assets (A: Dec. 2022 )
	=	1249450.848	/	17761577.261
	=	0.07

Ecobank Transnational's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2023 is calculated as

LT Debt to Total Assets (Q: Sep. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2023 )	/	Total Assets (Q: Sep. 2023 )
	=	1321962.169	/	16316174.564
	=	0.08

Ecobank Transnational (XBRV:ETIT) 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.

Ecobank Transnational LT-Debt-to-Total-Asset Related Terms

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Ecobank Transnational (XBRV:ETIT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Ecobank Transnational Inc (XBRV:ETIT) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

ETI:Nigeria ETI:Ghana

Address

2365, Boulevard du Mono, Lome, TGO, 3261

Website

https://www.ecobank.com

Ecobank Transnational Inc is a pan-African banking group that through its subsidiaries provides retail, investment, and corporate banking services to governments, financial institutions, multinationals, local companies, small and mid-size enterprises(SMEs), and individuals. It provides banking services throughout sub-Saharan Africa outside South Africa. Its activities are grouped into three customer-focused business segments namely Corporate and Investment Bank, Commercial banking, and Consumer. The company's Geographical segments include Francophone West Africa (UEMOA), Nigeria, Anglophone West Africa (AWA), Central, Eastern and Southern Africa (CESA), and others.

Ecobank Transnational (XBRV:ETIT) Headlines

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