Banco Comercial Portugues (XLIS:BCP) LT-Debt-to-Total-Asset : 0.06 (As of Mar. 2024)

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What is Banco Comercial Portugues 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 Comercial Portugues's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.06.

Banco Comercial Portugues's long-term debt to total assets ratio increased from Mar. 2023 (0.05) to Mar. 2024 (0.06). It may suggest that Banco Comercial Portugues is progressively becoming more dependent on debt to grow their business.

Banco Comercial Portugues LT-Debt-to-Total-Asset Historical Data

The historical data trend for Banco Comercial Portugues'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 Comercial Portugues LT-Debt-to-Total-Asset Chart

Banco Comercial Portugues Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.08

0.05

0.06

0.05

0.06

Banco Comercial Portugues 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															0.05	0.05	0.06	0.06	0.06

Banco Comercial Portugues LT-Debt-to-Total-Asset Calculation

Banco Comercial Portugues'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 )
	=	5643.711	/	94379.778
	=	0.06

Banco Comercial Portugues'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 )
	=	5695.494	/	97797.381
	=	0.06

Banco Comercial Portugues (XLIS:BCP) 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 Comercial Portugues LT-Debt-to-Total-Asset Related Terms

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Banco Comercial Portugues (XLIS:BCP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Banco Comercial Portugues SA (XLIS:BCP) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

BPCGF:USA BCPu:UK 0RJN:UK BCPN:Germany

Address

Praca D. Joao I, 28, Porto, PRT, 4000-295

Website

https://ind.millenniumbcp.pt

Banco Comercial Portugues SA or Millennium BCP, is a Portuguese bank operating primarily in Portugal, as well as Poland, Mozambique, and Angola. The bank offers a wide range of retail and corporate banking products and services. The bank's distribution network includes traditional branches, as well as online banking, call centers, mobile banking, ATMs, and point of sale systems. In addition to its emphasis on financial technology, BCP's business model has shifted focus to high-net worth individuals, business lending with growth potential, as well as divestiture of noncore assets in its portfolio. The bank's net revenue is mostly net interest income, with notable net commission and net trading income. Most of BCP's earning assets are loans split nearly evenly between retail and corporate.

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