Suez Canal Bank (CAI:CANA) LT-Debt-to-Total-Asset : 0.00 (As of Sep. 2024)

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What is Suez Canal 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. Suez Canal Bank's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.00.

Suez Canal Bank's long-term debt to total assets ratio declined from Sep. 2023 (0.01) to Sep. 2024 (0.00). It may suggest that Suez Canal Bank is progressively becoming less dependent on debt to grow their business.

Suez Canal Bank LT-Debt-to-Total-Asset Historical Data

The historical data trend for Suez Canal 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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Suez Canal Bank LT-Debt-to-Total-Asset Chart

Suez Canal Bank Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

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Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.01

Suez Canal Bank Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.01	0.01	-	-	-

Suez Canal Bank LT-Debt-to-Total-Asset Calculation

Suez Canal 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 )
	=	523.075	/	102938.506
	=	0.01

Suez Canal Bank's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2024 is calculated as

LT Debt to Total Assets (Q: Sep. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2024 )	/	Total Assets (Q: Sep. 2024 )
	=	390	/	147531.463
	=	0.00

Suez Canal Bank (CAI:CANA) 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.

Suez Canal Bank LT-Debt-to-Total-Asset Related Terms

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Suez Canal Bank Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Suez Canal Bank (CAI:CANA) » Definitions » LT-Debt-to-Total-Asset

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Address

7 & 9 Abd El-Kader Hamza Street, Garden City, Cairo, EGY

Website

https://www.scbank.com.eg

Suez Canal Bank provides retail, corporate, and investment banking services. The company offers personal banking products and services, including savings, current accounts; time deposits; certificates of deposit; debit and credit cards; and mutual funds. It also provides custodian services comprising bookkeeping services of stocks and bonds, execution of buy/sell orders on behalf of its customers, collecting due coupons on behalf of its customers, subscriptions for new issues, and pledge and freeze of securities. In addition, the company offers institutional banking services to corporate, and small and medium enterprises.

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