GreenBank Capital (XCNQ:GBC) LT-Debt-to-Total-Asset : 0.04 (As of Jan. 2024)

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What is GreenBank Capital 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. GreenBank Capital's long-term debt to total assests ratio for the quarter that ended in Jan. 2024 was 0.04.

GreenBank Capital's long-term debt to total assets ratio increased from Jan. 2023 (0.03) to Jan. 2024 (0.04). It may suggest that GreenBank Capital is progressively becoming more dependent on debt to grow their business.

GreenBank Capital LT-Debt-to-Total-Asset Historical Data

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

GreenBank Capital Annual Data

Trend

Jul14

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

LT-Debt-to-Total-Asset

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0.38

0.27

0.06

0.03

GreenBank Capital Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.03	0.03	0.03	0.04	0.04

GreenBank Capital LT-Debt-to-Total-Asset Calculation

GreenBank Capital's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Jul. 2023 is calculated as

LT Debt to Total Assets (A: Jul. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Jul. 2023 )	/	Total Assets (A: Jul. 2023 )
	=	0.454	/	13.395
	=

GreenBank Capital'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 )
	=	0.46	/	13.007
	=

GreenBank Capital (XCNQ:GBC) 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.

GreenBank Capital LT-Debt-to-Total-Asset Related Terms

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GreenBank Capital (XCNQ:GBC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » GreenBank Capital Inc (XCNQ:GBC) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

GRNBF:USA 2TL:Germany

Address

100 King Street West, Suite 5700, Toronto, ON, CAN, M5X 1C7

Website

http://www.greenbankcapitalinc.com

GreenBank Capital Inc is a merchant bank. The company's operating segment include merchant banking, financial services, software development, and mineral exploration. The company is specialized in private equity, public listings, small-cap investments, corporate restructuring, mergers and acquisitions, reverse mergers, and small business incubating.

Executives