Dubai Islamic Bank PJSC (DFM:DIB) LT-Debt-to-Total-Asset : 0.07 (As of Mar. 2024)

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What is Dubai Islamic Bank PJSC 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. Dubai Islamic Bank PJSC's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.07.

Dubai Islamic Bank PJSC's long-term debt to total assets ratio declined from Mar. 2023 (0.08) to Mar. 2024 (0.07). It may suggest that Dubai Islamic Bank PJSC is progressively becoming less dependent on debt to grow their business.

Dubai Islamic Bank PJSC LT-Debt-to-Total-Asset Historical Data

The historical data trend for Dubai Islamic Bank PJSC'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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Dubai Islamic Bank PJSC LT-Debt-to-Total-Asset Chart

Dubai Islamic Bank PJSC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.07

0.08

0.07

Dubai Islamic Bank PJSC 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															0.08	0.07	0.07	0.07	0.07

Dubai Islamic Bank PJSC LT-Debt-to-Total-Asset Calculation

Dubai Islamic Bank PJSC'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 )
	=	20609.313	/	314291.503
	=	0.07

Dubai Islamic Bank PJSC'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 )
	=	24157.84	/	327314.235
	=	0.07

Dubai Islamic Bank PJSC (DFM:DIB) 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.

Dubai Islamic Bank PJSC LT-Debt-to-Total-Asset Related Terms

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Dubai Islamic Bank PJSC (DFM:DIB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Dubai Islamic Bank PJSC (DFM:DIB) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

N/A

Address

Building 2, Al Maktoum Road, P.O. Box 1080, Opposite DNATA, Deira, Dubai, ARE

Website

https://www.dib.ae

Dubai Islamic Bank PJSC is a full-service Islamic bank is engaged in corporate, retail, and investment banking activities. Contracts in the form of Murabahas and leases in the form of Ijarahs constitute a majority of the bank's financing and investment assets. Most of its financing and investment arrangements are made within the United Arab Emirates, a large portion of which are in consumer financing, real estate and contracting, consumer home finance, and services and manufacturing.

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