Sampath Bank (COL:SAMP.N0000) LT-Debt-to-Total-Asset : 0.03 (As of Dec. 2023)

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What is Sampath 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. Sampath Bank's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.03.

Sampath Bank's long-term debt to total assets ratio declined from Dec. 2022 (0.03) to Dec. 2023 (0.03). It may suggest that Sampath Bank is progressively becoming less dependent on debt to grow their business.

Sampath Bank LT-Debt-to-Total-Asset Historical Data

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

Sampath Bank Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.11

0.05

0.04

0.03

Sampath Bank Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.03	0.03	0.03	0.02	0.03

Sampath Bank LT-Debt-to-Total-Asset Calculation

Sampath 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 )
	=	40849.566	/	1587375.988
	=	0.03

Sampath Bank's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	40849.566	/	1587375.988
	=	0.03

Sampath Bank (COL:SAMP.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.

Sampath Bank LT-Debt-to-Total-Asset Related Terms

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Sampath Bank (COL:SAMP.N0000) Business Description

Industry

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

Traded in Other Exchanges

N/A

Address

No. 110, Sir James Peiris Mawatha, Colombo, LKA, 02

Website

https://www.sampath.lk

Sampath Bank PLC operates as a commercial bank offering personal, corporate, and electronic banking products and services. The bank also accepts current, savings, term deposits, foreign currency, and clubs and societies accounts, as well as maintains professional accounts. The operating segment of the company is Corporate Banking, Retail and Personal Banking, Dealing/Investment, and Others. It generates maximum revenue from the Retail and Personal Banking segment.

Sampath Bank (COL:SAMP.N0000) Headlines

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