Unity Bank (NSA:UBP) LT-Debt-to-Total-Asset : 0.48 (As of Dec. 2022)

View and export this data going back to 2005. Start your Free Trial

What is Unity 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. Unity Bank's long-term debt to total assests ratio for the quarter that ended in Dec. 2022 was 0.48.

Unity Bank's long-term debt to total assets ratio increased from Dec. 2020 (0.44) to Dec. 2022 (0.48). It may suggest that Unity Bank is progressively becoming more dependent on debt to grow their business.

Unity Bank LT-Debt-to-Total-Asset Historical Data

The historical data trend for Unity 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.

* Premium members only.

Unity Bank LT-Debt-to-Total-Asset Chart

Unity Bank Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

LT-Debt-to-Total-Asset

Get a 7-Day Free Trial

0.60

0.63

0.44

0.48

Unity Bank Semi-Annual Data
	Dec15	Dec16	Dec17	Dec18	Dec19	Dec20	Dec21	Dec22
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial			0.60	0.63	0.44	0.48	0.48

Unity Bank LT-Debt-to-Total-Asset Calculation

Unity Bank's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2022 is calculated as

LT Debt to Total Assets (A: Dec. 2022 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2022 )	/	Total Assets (A: Dec. 2022 )
	=	246792.778	/	510143.959
	=	0.48

Unity Bank'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 )
	=	246792.778	/	510143.959
	=	0.48

Unity Bank (NSA:UBP) 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.

Unity Bank LT-Debt-to-Total-Asset Related Terms

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

Unity Bank (NSA:UBP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Unity Bank PLC (NSA:UBP) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Plot 42, Ahmed Onibudo Street, Victoria Island, Lagos, NGA

Website

http://www.unitybankng.com

Unity Bank PLC provides a range of retail, corporate, treasury and investment banking services in Nigeria. The Bank's offerings include Private banking, Digital Banking, Business banking, custody services, consumer loans & mortgages, structured financing, corporate leasing services among others. It has six Business segments Corporate Banking, Commercial Banking, Personal Banking, Private Banking, SME and Institutional Banking. The Bank operated Two geographical segments in addition to the Head Office which are: North and South Bank, of which it dervies majority revenue from North Bank.