Banco Bmg (BSP:BMGB4) LT-Debt-to-Total-Asset : 0.12 (As of Mar. 2024)

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What is Banco Bmg 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. Banco Bmg's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.12.

Banco Bmg's long-term debt to total assets ratio declined from Sep. 2022 (0.14) to Mar. 2024 (0.12). It may suggest that Banco Bmg is progressively becoming less dependent on debt to grow their business.

Banco Bmg LT-Debt-to-Total-Asset Historical Data

The historical data trend for Banco Bmg'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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Banco Bmg LT-Debt-to-Total-Asset Chart

Banco Bmg Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

LT-Debt-to-Total-Asset

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0.20

0.12

0.22

0.11

0.12

Banco Bmg Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.14	0.12	0.13	0.11	0.12

Banco Bmg LT-Debt-to-Total-Asset Calculation

Banco Bmg's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2022 is calculated as

LT Debt to Total Assets (A: Dec. 2022 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2022 )	/	Total Assets (A: Dec. 2022 )
	=	5274.962	/	44588.27
	=	0.12

Banco Bmg'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 )
	=	5706.896	/	46147.582
	=	0.12

Banco Bmg (BSP:BMGB4) 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.

Banco Bmg LT-Debt-to-Total-Asset Related Terms

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Banco Bmg (BSP:BMGB4) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Banco Bmg SA (BSP:BMGB4) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

Avenida Presidente Juscelino Kubitscheck, 1830, 10th Floor, Tower 2, Vila Nova Conceicao, Sao Paulo, SP, BRA, CEP 04543-900

Website

https://www.bancobmg.com.br

Banco Bmg SA BMG is a Brazilian company that operates as a multiple service bank with commercial and credit, financing and investment portfolios. The company operates in three segments: Retail Banking, Wholesale Banking and Insurance. The majority of the revenue is generated from the retail banking segment.

Banco Bmg (BSP:BMGB4) Headlines

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