National Australia Bank (National Australia Bank) LT-Debt-to-Total-Asset : 0.19 (As of Sep. 2023)

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What is National Australia 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. National Australia Bank's long-term debt to total assests ratio for the quarter that ended in Sep. 2023 was 0.19.

National Australia Bank's long-term debt to total assets ratio increased from Sep. 2022 (0.18) to Sep. 2023 (0.19). It may suggest that National Australia Bank is progressively becoming more dependent on debt to grow their business.

National Australia Bank LT-Debt-to-Total-Asset Historical Data

The historical data trend for National Australia 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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National Australia Bank LT-Debt-to-Total-Asset Chart

National Australia Bank Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

LT-Debt-to-Total-Asset

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0.24

0.21

0.19

0.18

0.19

National Australia Bank Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.19	0.12	0.18	0.13	0.19

National Australia Bank LT-Debt-to-Total-Asset Calculation

National Australia Bank'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 )
	=	127115.681	/	680644.602
	=	0.19

National Australia Bank's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2023 is calculated as

LT Debt to Total Assets (Q: Sep. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2023 )	/	Total Assets (Q: Sep. 2023 )
	=	127115.681	/	680644.602
	=	0.19

National Australia Bank (OTCPK:NABZY) 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.

National Australia Bank LT-Debt-to-Total-Asset Related Terms

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National Australia Bank (National Australia Bank) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » National Australia Bank Ltd (OTCPK:NABZY) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

NAUBF:USA NAL:Germany NABPI.PFD:Australia NABPH.PFD:Australia NABPF.PFD:Australia NAB:Australia

Address

395 Bourke Street, Level 28, Melbourne, VIC, AUS, 3000

Website

https://www.nab.com.au

National Australia Bank is the most business-focused of the four major banks, holding the largest share of business loans and the number-three spot in home loans. National Australia Bank is currently the third-largest bank by market capitalization, with the franchise covering consumer, small business, corporate, and institutional sectors. Under the UBank brand the bank also owns one of Australia's largest digital-only banks. Offshore operations in New Zealand round out the group.

National Australia Bank (National Australia Bank) Headlines

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