Abu Dhabi Islamic Bank - Egypt (CAI:ADIB) LT-Debt-to-Total-Asset : 0.03 (As of Jun. 2024)

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What is Abu Dhabi Islamic Bank - Egypt 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. Abu Dhabi Islamic Bank - Egypt's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.03.

Abu Dhabi Islamic Bank - Egypt's long-term debt to total assets ratio increased from Jun. 2023 (0.03) to Jun. 2024 (0.03). It may suggest that Abu Dhabi Islamic Bank - Egypt is progressively becoming more dependent on debt to grow their business.

Abu Dhabi Islamic Bank - Egypt LT-Debt-to-Total-Asset Historical Data

The historical data trend for Abu Dhabi Islamic Bank - Egypt'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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Abu Dhabi Islamic Bank - Egypt LT-Debt-to-Total-Asset Chart

Abu Dhabi Islamic Bank - Egypt Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.02

0.03

Abu Dhabi Islamic Bank - Egypt Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.03	0.03	0.03	0.03	0.03

Abu Dhabi Islamic Bank - Egypt LT-Debt-to-Total-Asset Calculation

Abu Dhabi Islamic Bank - Egypt'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 )
	=	4753.202	/	162254.679
	=	0.03

Abu Dhabi Islamic Bank - Egypt's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2024 is calculated as

LT Debt to Total Assets (Q: Jun. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2024 )	/	Total Assets (Q: Jun. 2024 )
	=	6843.18	/	210758.861
	=	0.03

Abu Dhabi Islamic Bank - Egypt (CAI:ADIB) 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.

Abu Dhabi Islamic Bank - Egypt LT-Debt-to-Total-Asset Related Terms

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Abu Dhabi Islamic Bank - Egypt Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Abu Dhabi Islamic Bank - Egypt (CAI:ADIB) » Definitions » LT-Debt-to-Total-Asset

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Address

9A Rustom Street, Garden City, Cairo, EGY, 11511

Website

https://www.adib.eg

Abu Dhabi Islamic Bank - Egypt is engaged in the provision of banking services. The bank operates in the following segments :Large, medium and small enterprises, Investment, Retail, and other activities. It provides personal banking solutions comprising of current, SMART, tiered monthly saving account, wealth management services, bancassurance, and various credit and debit card facilities. Additionally, the bank renders corporate finance, and treasury services comprising of foreign exchange, sharia-compliant products, and market analysis. Further, it also grants Islamic options for the letter of guarantee and letter of credit.

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