Cembra Money Bank AG (XSWX:CMBN) LT-Debt-to-Total-Asset : 0.39 (As of Dec. 2023)

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What is Cembra Money Bank AG 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. Cembra Money Bank AG's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.39.

Cembra Money Bank AG's long-term debt to total assets ratio increased from Dec. 2022 (0.35) to Dec. 2023 (0.39). It may suggest that Cembra Money Bank AG is progressively becoming more dependent on debt to grow their business.

Cembra Money Bank AG LT-Debt-to-Total-Asset Historical Data

The historical data trend for Cembra Money Bank AG'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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Cembra Money Bank AG LT-Debt-to-Total-Asset Chart

Cembra Money Bank AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.36

0.35

0.39

Cembra Money Bank AG Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.36	0.35	0.35	0.40	0.39

Cembra Money Bank AG LT-Debt-to-Total-Asset Calculation

Cembra Money Bank AG'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 )
	=	3113.896	/	8088.183
	=	0.38

Cembra Money Bank AG's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	3113.896	/	8088.183
	=	0.38

Cembra Money Bank AG (XSWX:CMBN) 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.

Cembra Money Bank AG LT-Debt-to-Total-Asset Related Terms

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Cembra Money Bank AG (XSWX:CMBN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Cembra Money Bank AG (XSWX:CMBN) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

CMBNz:UK

Address

Bandliweg 20, Zurich, CHE, 8048

Website

https://www.cembra.ch

Cembra Money Bank AG is a consumer finance bank operating in Switzerland. The company provides financial solutions to its customers. The products offered by the company include consumer credit products such as personal loans, Auto loans and leasing, credit cards, Insurance products, Buy now pay later/invoice financing, and deposits and savings products.

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