Arab National Bank (SAU:1080) LT-Debt-to-Total-Asset : 0.01 (As of Mar. 2024)

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What is Arab National 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. Arab National Bank's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.01.

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

Arab National Bank LT-Debt-to-Total-Asset Historical Data

The historical data trend for Arab National 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.

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Arab National Bank LT-Debt-to-Total-Asset Chart

Arab National Bank Annual Data

Trend

Dec14

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Dec23

LT-Debt-to-Total-Asset

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0.02

Arab National Bank 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															0.01	0.01	0.01	0.02	0.01

Arab National Bank LT-Debt-to-Total-Asset Calculation

Arab National Bank'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 )
	=	3747.387	/	220683.31
	=	0.02

Arab National Bank'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 )
	=	2852.256	/	232146.429
	=	0.01

Arab National Bank (SAU:1080) 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.

Arab National Bank LT-Debt-to-Total-Asset Related Terms

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Arab National Bank (SAU:1080) Business Description

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Address

Arab National Bank, P.O. Box 56921, Riyadh, SAU, 11564

Website

https://www.anb.com.sa

Arab National Bank is a commercial banking service provider based in Saudi Arabia. Its core business comprises commercial, Islamic, and investment banking services. The company's business is divided into business segments; the Retail banking segment includes Deposit, credit, and investment products for individuals and the Bank's London branch, and the Corporate banking segment includes Loans and advances, deposits, and other credit products for corporate and institutional customers, small to medium-sized businesses.

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