CAL Bank (XGHA:CAL) LT-Debt-to-Total-Asset : 0.18 (As of Jun. 2024)

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What is CAL Bank 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. CAL Bank's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.18.

CAL Bank's long-term debt to total assets ratio increased from Jun. 2023 (0.15) to Jun. 2024 (0.18). It may suggest that CAL Bank is progressively becoming more dependent on debt to grow their business.

CAL Bank LT-Debt-to-Total-Asset Historical Data

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

CAL Bank Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.30

0.28

0.23

0.18

0.14

CAL Bank Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.26	0.18	0.15	0.14	0.18

CAL Bank LT-Debt-to-Total-Asset Calculation

CAL Bank'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 )
	=	1360.906	/	9899.846
	=	0.14

CAL Bank'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 )
	=	1920.053	/	10982.069
	=	0.17

CAL Bank (XGHA:CAL) 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.

CAL Bank LT-Debt-to-Total-Asset Related Terms

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CAL Bank Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » CAL Bank Ltd (XGHA:CAL) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

N/A

Address

23 Independence Avenue, P.O. Box 14596, Accra, GHA

Website

https://www.calbank.net

CAL Bank Ltd is engaged in providing banking solutions. Its reportable segments are Corporate Banking, Retail & Business Banking, Treasury, Brokerage, & Asset Management. Corporate Banking is responsible for providing loans & other credit facilities, deposits & other transactions & balances to corporate clients, institutional clients, & public sector entities. The Treasury segment undertakes the Bank's funding & centralized risk management activities through borrowings & investing in liquid assets. The Retail & Business Banking segment provides loans & overdrafts, & handles the deposits & other transactions of SMEs, & individual customers such as funds transfer, standing orders, and ATM Card services. The majority is from Retail & business banking. The key revenue is from Greater Accra.