Access Hldgs (NSA:ACCESSCORP) LT-Debt-to-Total-Asset : 0.08 (As of Mar. 2024)

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

Access Hldgs's long-term debt to total assets ratio declined from Mar. 2023 (0.10) to Mar. 2024 (0.08). It may suggest that Access Hldgs is progressively becoming less dependent on debt to grow their business.

Access Hldgs LT-Debt-to-Total-Asset Historical Data

The historical data trend for Access Hldgs'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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Access Hldgs LT-Debt-to-Total-Asset Chart

Access Hldgs Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.08

0.09

0.11

0.10

0.09

Access Hldgs 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	0.10	0.08	0.09	0.08

Access Hldgs LT-Debt-to-Total-Asset Calculation

Access Hldgs'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 )
	=	2339706	/	26688831
	=	0.09

Access Hldgs'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 )
	=	2607206	/	32263524
	=	0.08

Access Hldgs (NSA:ACCESSCORP) 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.

Access Hldgs LT-Debt-to-Total-Asset Related Terms

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Access Hldgs (NSA:ACCESSCORP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Access Hldgs Plc (NSA:ACCESSCORP) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

Prince Alaba Abiodun, Oniru Street, 14th Floor, Plot 14/15, Access Towers, Oniru Estate, Victoria Island, Lagos, NGA

Website

https://www.accessbankplc.com

Access Bank PLC is a full-service commercial bank based in Nigeria. It serves primarily through four market segments, namely Retail Banking, Business Banking, Commercial Banking, and Corporate and Investment Banking. The Commercial Banking segment provides commercial banking products and services to the non-institutional clients, medium and small corporate segments of the Nigerian market. Corporate & investment banking provides bespoke comprehensive banking products and a full range of services to multinationals, large domestic corporations, and other institutional clients. Retail banking provides financial products and services to individuals and the private banking segment. It has three geographical segments, which include Nigeria, the Rest of Africa, and Europe.

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