CB Bulgarian American Credit Bank AD (XBUL:BACB) LT-Debt-to-Total-Asset : 0.01 (As of Mar. 2024)

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What is CB Bulgarian American Credit Bank AD 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. CB Bulgarian American Credit Bank AD's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.01.

CB Bulgarian American Credit Bank AD's long-term debt to total assets ratio declined from Mar. 2023 (0.02) to Mar. 2024 (0.01). It may suggest that CB Bulgarian American Credit Bank AD is progressively becoming less dependent on debt to grow their business.

CB Bulgarian American Credit Bank AD LT-Debt-to-Total-Asset Historical Data

The historical data trend for CB Bulgarian American Credit Bank AD'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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CB Bulgarian American Credit Bank AD LT-Debt-to-Total-Asset Chart

CB Bulgarian American Credit Bank AD Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.03

0.02

CB Bulgarian American Credit Bank AD Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.02	0.02	0.02	0.02	0.01

CB Bulgarian American Credit Bank AD LT-Debt-to-Total-Asset Calculation

CB Bulgarian American Credit Bank AD'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 )
	=	47.807	/	2838.653
	=	0.02

CB Bulgarian American Credit Bank AD's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (Q: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2024 )	/	Total Assets (Q: Mar. 2024 )
	=	39.348	/	2921.031
	=	0.01

CB Bulgarian American Credit Bank AD (XBUL:BACB) 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.

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CB Bulgarian American Credit Bank AD (XBUL:BACB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » CB Bulgarian American Credit Bank AD (XBUL:BACB) » Definitions » LT-Debt-to-Total-Asset

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N/A

Address

2 Slavyanska Street, Sofia, BGR, 1000

Website

https://www.bacb.bg

CB Bulgarian American Credit Bank AD is engaged in providing secured finance to small and medium-sized businesses in Bulgaria. The company offers a full range of banking products and services to individual and corporate clients. It also provides retail, mortgage, working capital, and investment loans, overdrafts, discount credits against claims, and letters of credit and limits for issuance of letters of credit, as well as engage in the taking over/guarantee of credit/bill of exchange liability of a juridical entity or a sole trader.

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