Societe Tunisienne de Banque (XTUN:STB) LT-Debt-to-Total-Asset : 0.07 (As of Dec. 2022)

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What is Societe Tunisienne de Banque 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. Societe Tunisienne de Banque's long-term debt to total assests ratio for the quarter that ended in Dec. 2022 was 0.07.

Societe Tunisienne de Banque's long-term debt to total assets ratio increased from Dec. 2020 (0.03) to Dec. 2022 (0.07). It may suggest that Societe Tunisienne de Banque is progressively becoming more dependent on debt to grow their business.

Societe Tunisienne de Banque LT-Debt-to-Total-Asset Historical Data

The historical data trend for Societe Tunisienne de Banque'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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Societe Tunisienne de Banque LT-Debt-to-Total-Asset Chart

Societe Tunisienne de Banque Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

LT-Debt-to-Total-Asset

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0.03

0.07

Societe Tunisienne de Banque Semi-Annual Data
	Dec15	Dec16	Dec17	Dec18	Dec19	Dec20	Dec21	Dec22
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial			0.03	0.03	0.03	0.07	0.07

Societe Tunisienne de Banque LT-Debt-to-Total-Asset Calculation

Societe Tunisienne de Banque's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2022 is calculated as

LT Debt to Total Assets (A: Dec. 2022 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2022 )	/	Total Assets (A: Dec. 2022 )
	=	987.615	/	14765.012
	=	0.07

Societe Tunisienne de Banque's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2022 is calculated as

LT Debt to Total Assets (Q: Dec. 2022 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2022 )	/	Total Assets (Q: Dec. 2022 )
	=	987.615	/	14765.012
	=	0.07

Societe Tunisienne de Banque (XTUN:STB) 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.

Societe Tunisienne de Banque LT-Debt-to-Total-Asset Related Terms

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Societe Tunisienne de Banque (XTUN:STB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Societe Tunisienne de Banque SA (XTUN:STB) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

Rue Hedi Nouira, Tunis, TUN, 1001

Website

https://www.stb.com.tn

Societe Tunisienne de Banque SA is engaged in providing banking services. Its activities include accepting deposits, lending money, manage cash among others.