Banco Pichincha CA (XGUA:PCD) LT-Debt-to-Total-Asset : 0.06 (As of Dec. 2023)

View and export this data going back to 2008. Start your Free Trial

What is Banco Pichincha CA 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 Pichincha CA's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.06.

Banco Pichincha CA's long-term debt to total assets ratio increased from Dec. 2021 (0.03) to Dec. 2023 (0.06). It may suggest that Banco Pichincha CA is progressively becoming more dependent on debt to grow their business.

Banco Pichincha CA LT-Debt-to-Total-Asset Historical Data

The historical data trend for Banco Pichincha CA'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.

* Premium members only.

Banco Pichincha CA LT-Debt-to-Total-Asset Chart

Banco Pichincha CA Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

Get a 7-Day Free Trial

0.06

0.05

0.03

0.07

0.06

Banco Pichincha CA Semi-Annual Data
	Dec16	Dec17	Dec18	Dec19	Dec20	Dec21	Dec22	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial			0.06	0.05	0.03	0.07	0.06

Banco Pichincha CA LT-Debt-to-Total-Asset Calculation

Banco Pichincha CA'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 )
	=	1519.191	/	23718.815
	=	0.06

Banco Pichincha CA'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 )
	=	1519.191	/	23718.815
	=	0.06

Banco Pichincha CA (XGUA:PCD) 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 Pichincha CA LT-Debt-to-Total-Asset Related Terms

Thank you for viewing the detailed overview of Banco Pichincha CA's LT-Debt-to-Total-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

Banco Pichincha CA (XGUA:PCD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Banco Pichincha CA (XGUA:PCD) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

PCD:Ecuador

Address

Av Amazonas 4545, Pereira. Building Financial Center Office No. 507, Quito, ECU

Website

https://www.pichincha.com

Banco Pichincha CA provides banking services in Ecuador. The products and services of the bank include electronic banking, savings account, current account, debit cards, credit cards, and other related services.

Banco Pichincha CA (XGUA:PCD) Headlines

No Headlines