Mizrahi Tefahot Bank (XTAE:MZTF) LT-Debt-to-Total-Asset : 0.08 (As of Mar. 2024)

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What is Mizrahi Tefahot 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. Mizrahi Tefahot Bank's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.08.

Mizrahi Tefahot Bank's long-term debt to total assets ratio declined from Dec. 2022 (0.08) to Mar. 2024 (0.08). It may suggest that Mizrahi Tefahot Bank is progressively becoming less dependent on debt to grow their business.

Mizrahi Tefahot Bank LT-Debt-to-Total-Asset Historical Data

The historical data trend for Mizrahi Tefahot 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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Mizrahi Tefahot Bank LT-Debt-to-Total-Asset Chart

Mizrahi Tefahot Bank Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.12

0.10

0.08

Mizrahi Tefahot Bank Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.08	0.08	0.08	0.08	0.08

Mizrahi Tefahot Bank LT-Debt-to-Total-Asset Calculation

Mizrahi Tefahot Bank'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 )
	=	37811	/	448204
	=	0.08

Mizrahi Tefahot Bank'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 )
	=	35776	/	450683
	=	0.08

Mizrahi Tefahot Bank (XTAE:MZTF) 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.

Mizrahi Tefahot Bank LT-Debt-to-Total-Asset Related Terms

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Mizrahi Tefahot Bank (XTAE:MZTF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Mizrahi Tefahot Bank Ltd (XTAE:MZTF) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

MZTFF:USA

Address

7 Jabotinsky Street, P.O. Box 3450, Ramat Gan, ISR, 5252007

Website

https://www.mizrahi-tefahot.co.il

Mizrahi Tefahot Bank Ltd offers commercial and personal banking services. The company reports seven core segments: household, consisting of individuals with assets less than ILS 3 million in assets; private banking, consisting of individuals with financial assets greater than ILS 3 million; micro and small business; medium business; large business; institutional investor, servicing asset managers, fund managers, and insurance companies; and financial management, including trade operations, asset, and liability management, and miscellaneous investments. Approximately half of the company's total revenue comes from the household segment. The company operates through a branch network spanning Israel, Europe, and the Americas.

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