Union Bancaire Pour Le Commerce Et I` Industrie Bourse (XTUN:UBCI) LT-Debt-to-Total-Asset : 0.02 (As of Dec. 2023)

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What is Union Bancaire Pour Le Commerce Et I` Industrie Bourse 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. Union Bancaire Pour Le Commerce Et I` Industrie Bourse's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.02.

Union Bancaire Pour Le Commerce Et I` Industrie Bourse's long-term debt to total assets ratio declined from Dec. 2022 (0.02) to Dec. 2023 (0.02). It may suggest that Union Bancaire Pour Le Commerce Et I` Industrie Bourse is progressively becoming less dependent on debt to grow their business.

Union Bancaire Pour Le Commerce Et I` Industrie Bourse LT-Debt-to-Total-Asset Historical Data

The historical data trend for Union Bancaire Pour Le Commerce Et I` Industrie Bourse'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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Union Bancaire Pour Le Commerce Et I` Industrie Bourse LT-Debt-to-Total-Asset Chart

Union Bancaire Pour Le Commerce Et I` Industrie Bourse Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

0.05

0.02

Union Bancaire Pour Le Commerce Et I` Industrie Bourse Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial			0.02	0.03	0.02	0.02	0.02

Union Bancaire Pour Le Commerce Et I` Industrie Bourse LT-Debt-to-Total-Asset Calculation

Union Bancaire Pour Le Commerce Et I` Industrie Bourse'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 )
	=	763.949	/	46067.82
	=	0.02

Union Bancaire Pour Le Commerce Et I` Industrie Bourse'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 )
	=	763.949	/	46067.82
	=	0.02

Union Bancaire Pour Le Commerce Et I` Industrie Bourse (XTUN:UBCI) 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.

Union Bancaire Pour Le Commerce Et I` Industrie Bourse LT-Debt-to-Total-Asset Related Terms

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Union Bancaire Pour Le Commerce Et I` Industrie Bourse (XTUN:UBCI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Union Bancaire Pour Le Commerce Et I` Industrie Bourse (XTUN:UBCI) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

139 Liberty Avenue, Belvedere, Tunis, TUN, 1002

Website

http://www.ubci.tn

Union Bancaire Pour Le Commerce Et I` Industrie Bourse engages in the provision of banking and financial services. It offers private, corporate, and institutional banking solutions; cash management; investment banking; international trade; and financial engineering and services such as credit cards and insurances.

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