Banco Nacional de Credito CA (CAR:BNC) LT-Debt-to-Total-Asset : 0.02 (As of Dec. 2022)

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What is Banco Nacional de Credito 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 Nacional de Credito CA's long-term debt to total assests ratio for the quarter that ended in Dec. 2022 was 0.02.

Banco Nacional de Credito CA's long-term debt to total assets ratio increased from Dec. 2021 (0.02) to Dec. 2022 (0.02). It may suggest that Banco Nacional de Credito CA is progressively becoming more dependent on debt to grow their business.

Banco Nacional de Credito CA LT-Debt-to-Total-Asset Historical Data

The historical data trend for Banco Nacional de Credito 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.

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Banco Nacional de Credito CA LT-Debt-to-Total-Asset Chart

Banco Nacional de Credito CA Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.02

0.01

0.02

0.06

Banco Nacional de Credito CA Semi-Annual Data
	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															-	0.02	0.08	0.02	0.06

Banco Nacional de Credito CA LT-Debt-to-Total-Asset Calculation

Banco Nacional de Credito 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 )
	=	1388.056	/	25335.421
	=	0.05

Banco Nacional de Credito CA's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2022 is calculated as

LT Debt to Total Assets (Q: Dec. 2022 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2022 )	/	Total Assets (Q: Dec. 2022 )
	=	358.601	/	19418.632
	=	0.02

Banco Nacional de Credito CA (CAR:BNC) 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 Nacional de Credito CA LT-Debt-to-Total-Asset Related Terms

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Banco Nacional de Credito CA (CAR:BNC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Banco Nacional de Credito CA (CAR:BNC) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Avenida Vollmer, Torre Sur del Centro Empresarial Caracas, Urbanizacion, San Bernardino, VEN, 1010

Website

http://www.bnc.com.ve

Banco Nacional de Credito CA operates as a commercial bank in Venezuela. The group's business objective is to provide financial intermediation which consists of the procurement of funds for the purpose of granting credits and it also invests in securities.

Banco Nacional de Credito CA (CAR:BNC) Headlines

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