FBC Holdings (XZIM:FBC.ZW) LT-Debt-to-Total-Asset : 0.24 (As of Dec. 2023)

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What is FBC Holdings 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. FBC Holdings's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.24.

FBC Holdings's long-term debt to total assets ratio declined from Dec. 2022 (0.25) to Dec. 2023 (0.24). It may suggest that FBC Holdings is progressively becoming less dependent on debt to grow their business.

FBC Holdings LT-Debt-to-Total-Asset Historical Data

The historical data trend for FBC Holdings'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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FBC Holdings LT-Debt-to-Total-Asset Chart

FBC Holdings Annual Data

Trend

Dec11

Dec12

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.32

0.18

0.25

0.24

FBC Holdings Semi-Annual Data
	Jun11	Dec11	Jun12	Dec12	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial											0.18	0.18	0.25	0.31	0.24

FBC Holdings LT-Debt-to-Total-Asset Calculation

FBC Holdings'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 )
	=	829622.844	/	3393891.91
	=	0.24

FBC Holdings'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 )
	=	829622.844	/	3393891.91
	=	0.24

FBC Holdings (XZIM:FBC.ZW) 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.

FBC Holdings LT-Debt-to-Total-Asset Related Terms

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FBC Holdings (XZIM:FBC.ZW) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » FBC Holdings Ltd (XZIM:FBC.ZW) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

45 Nelson Mandela Avenue, 6th Floor, FBC Centre, P.O. Box 1227, Harare, ZWE

Website

https://www.fbc.co.zw

FBC Holdings Ltd is an investment holding company. The company through its subsidiaries operates its six segments namely Commercial banking, Microlending, Mortgage financing, Short-term reinsurance, Short-term insurance, and stockbroking. The commercial banking segment consists of dealing in the money and foreign exchange markets, retail, corporate and international banking, and corporate finance. The Mortgage financing segment consists of housing development, mortgage lending, savings deposit accounts, and other money market investment products. It earns maximum revenue from its commercial banking segment.

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