BMTC Group (TSX:GBT) LT-Debt-to-Total-Asset : 0.01 (As of Jan. 2024)

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What is BMTC Group 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. BMTC Group's long-term debt to total assests ratio for the quarter that ended in Jan. 2024 was 0.01.

BMTC Group's long-term debt to total assets ratio declined from Jan. 2023 (0.01) to Jan. 2024 (0.01). It may suggest that BMTC Group is progressively becoming less dependent on debt to grow their business.

BMTC Group LT-Debt-to-Total-Asset Historical Data

The historical data trend for BMTC Group'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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BMTC Group LT-Debt-to-Total-Asset Chart

BMTC Group Annual Data

Trend

Dec14

Dec15

Dec16

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

LT-Debt-to-Total-Asset

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0.04

0.03

0.02

0.01

BMTC Group Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.01	0.01	0.01	0.01	0.01

BMTC Group LT-Debt-to-Total-Asset Calculation

BMTC Group's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Jan. 2024 is calculated as

LT Debt to Total Assets (A: Jan. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Jan. 2024 )	/	Total Assets (A: Jan. 2024 )
	=	4.83	/	621.029
	=	0.01

BMTC Group's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jan. 2024 is calculated as

LT Debt to Total Assets (Q: Jan. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jan. 2024 )	/	Total Assets (Q: Jan. 2024 )
	=	4.83	/	621.029
	=	0.01

BMTC Group (TSX:GBT) 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.

BMTC Group LT-Debt-to-Total-Asset Related Terms

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BMTC Group (TSX:GBT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » BMTC Group Inc (TSX:GBT) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

8500, Place Marien, Montreal-East, QC, CAN, H1B 5W8

Website

https://www.bmtc.ca

BMTC Group Inc is a holding company. The company through its subsidiaries manages and operates furniture and household and electronic appliance retail sales networks in Quebec. It manages and operates a retail network of furniture. The Company considers its retail activities as a single operating segment.