NCB Financial Group (XJAM:NCBFG) LT-Debt-to-Total-Asset : 0.08 (As of Dec. 2023)

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What is NCB Financial Group 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. NCB Financial Group's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.08.

NCB Financial Group's long-term debt to total assets ratio increased from Dec. 2022 (0.08) to Dec. 2023 (0.08). It may suggest that NCB Financial Group is progressively becoming more dependent on debt to grow their business.

NCB Financial Group LT-Debt-to-Total-Asset Historical Data

The historical data trend for NCB Financial Group'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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NCB Financial Group LT-Debt-to-Total-Asset Chart

NCB Financial Group Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

LT-Debt-to-Total-Asset

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0.09

0.10

NCB Financial Group Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.08	0.08	0.08	0.10	0.08

NCB Financial Group LT-Debt-to-Total-Asset Calculation

NCB Financial Group's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Sep. 2023 is calculated as

LT Debt to Total Assets (A: Sep. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Sep. 2023 )	/	Total Assets (A: Sep. 2023 )
	=	212022.358	/	2222801.512
	=	0.10

NCB Financial Group's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	180526	/	2221322
	=	0.08

NCB Financial Group (XJAM:NCBFG) 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.

NCB Financial Group LT-Debt-to-Total-Asset Related Terms

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NCB Financial Group (XJAM:NCBFG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » NCB Financial Group Ltd (XJAM:NCBFG) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

NCBFG:Trinidad and Tobago

Address

32 Trafalgar Road, The Atrium, Kingston, JAM, 10

Website

https://www.myncb.com

NCB Financial Group Ltd provides financial services. It provides many products and services to meet the banking needs of customers, deposit accounts, unsecured and secured loans, credit cards, overdraft lines, foreign exchange, and personal and private banking services are part of the offerings. Its segments comprise Consumer & SME banking; Payment services; Corporate & commercial banking; Treasury & correspondent banking; Wealth, asset management & investment banking; Life and health insurance & pension fund management; and General insurance. The majority of revenue gets derived from the Life and health insurance & pension fund management segment.

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