Hatton National Bank (COL:HNB.N0000) LT-Debt-to-Total-Asset : 0.02 (As of Mar. 2024)

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What is Hatton 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. Hatton National Bank's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.02.

Hatton National Bank's long-term debt to total assets ratio declined from Mar. 2023 (0.03) to Mar. 2024 (0.02). It may suggest that Hatton National Bank is progressively becoming less dependent on debt to grow their business.

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

The historical data trend for Hatton 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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Hatton National Bank LT-Debt-to-Total-Asset Chart

Hatton National Bank Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.12

0.11

0.05

0.04

0.03

Hatton 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															0.03	0.03	0.03	0.03	0.02

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

Hatton 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 )
	=	54783.895	/	2047040.41
	=	0.03

Hatton 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 )
	=	45737.4	/	2063999.241
	=	0.02

Hatton National Bank (COL:HNB.N0000) 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.

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

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Hatton National Bank (COL:HNB.N0000) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Hatton National Bank PLC (COL:HNB.N0000) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

HNB.X0000:Sri Lanka

Address

T B Jayah Mawatha (Darley Road), HNB Towers, No. 479, P.O. Box 837, Colombo, LKA, 10

Website

https://www.hnb.net

Hatton National Bank PLC is a private sector commercial bank operating in Sri Lanka. The company's segment includes Corporate; Retail; SME; Micro; Treasury; Real Estate; Insurance and NBFI. It generates maximum revenue from the Treasury segment.

Hatton National Bank (COL:HNB.N0000) Headlines

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