Banco Mercantil do Brasil (BSP:BMEB3) LT-Debt-to-Total-Asset : 0.05 (As of Dec. 2023)

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What is Banco Mercantil do Brasil 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 Mercantil do Brasil's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.05.

Banco Mercantil do Brasil's long-term debt to total assets ratio increased from Sep. 2022 (0.04) to Dec. 2023 (0.05). It may suggest that Banco Mercantil do Brasil is progressively becoming more dependent on debt to grow their business.

Banco Mercantil do Brasil LT-Debt-to-Total-Asset Historical Data

The historical data trend for Banco Mercantil do Brasil'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 Mercantil do Brasil LT-Debt-to-Total-Asset Chart

Banco Mercantil do Brasil Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.12

0.05

0.04

0.05

Banco Mercantil do Brasil Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.04	0.04	0.06	0.05	0.05

Banco Mercantil do Brasil LT-Debt-to-Total-Asset Calculation

Banco Mercantil do Brasil'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 )
	=	875.245	/	19282.882
	=	0.05

Banco Mercantil do Brasil'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 )
	=	875.245	/	19282.882
	=	0.05

Banco Mercantil do Brasil (BSP:BMEB3) 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 Mercantil do Brasil LT-Debt-to-Total-Asset Related Terms

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Banco Mercantil do Brasil (BSP:BMEB3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Banco Mercantil do Brasil SA (BSP:BMEB3) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

BMEB4:Brazil

Address

R Rio de Janeiro 654, Belo Horizonte,, MG, BRA, 30160912

Website

http://www.mercantildobrasil.com.br

Banco Mercantil do Brasil SA offers commercial banking services. It offers personal and corporate credit cards, lease financing, business financing services, Internet banking, and other financial services. The company offers checking and savings accounts, and time deposits and funds; payroll-deductible loans, personal loans, overdraft facilities, credit cards, and vehicle financing services; private pension, insurance, and capitalization products and services; and collection, payment of taxes and fees to individuals.

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