FCMB Group (NSA:FCMB) LT-Debt-to-Total-Asset : 0.13 (As of Mar. 2024)

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What is FCMB 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. FCMB Group's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.13.

FCMB Group's long-term debt to total assets ratio increased from Mar. 2023 (0.10) to Mar. 2024 (0.13). It may suggest that FCMB Group is progressively becoming more dependent on debt to grow their business.

FCMB Group LT-Debt-to-Total-Asset Historical Data

The historical data trend for FCMB 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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FCMB Group LT-Debt-to-Total-Asset Chart

FCMB Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.16

0.15

0.09

0.11

0.08

FCMB Group Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.10	0.11	0.12	0.08	0.13

FCMB Group LT-Debt-to-Total-Asset Calculation

FCMB Group'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 )
	=	362500.907	/	4423894.628
	=	0.08

FCMB Group'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 )
	=	700007.335	/	5227058.658
	=	0.13

FCMB Group (NSA:FCMB) 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.

FCMB Group LT-Debt-to-Total-Asset Related Terms

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FCMB Group (NSA:FCMB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » FCMB Group PLC (NSA:FCMB) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

44 Marina, First City Plaza, Lagos, NGA

Website

https://www.fcmbgroup.com

FCMB Group PLC provides banking products and services in Nigeria. Its business is divided into eight segments including Investment Banking, SME (Small and Medium Enterprises) Banking, Commercial Banking, Corporate Banking, Personal Banking, Institutional Banking, Treasury and Financial Markets, and Asset Management. The bank generates the majority of its revenue from the personal banking segment that offers private banking services, private customer current accounts, savings, deposits, investment savings products, custody, credit and debit cards, consumer loans, and mortgages. It has geographic operations in Nigeria and Europe.

FCMB Group (NSA:FCMB) Headlines

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