Zain Al-Iraq Islamic Bank for Investment (IQS:MTMT) LT-Debt-to-Total-Asset: 0.38 (As of Dec. 2022)

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What is Zain Al-Iraq Islamic Bank for Investment LT-Debt-to-Total-Asset?

Zain Al-Iraq Islamic Bank for Investment IQS:MTMT LT-Debt-to-Total-Asset is 0.38 as of Dec. 2022.

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. Zain Al-Iraq Islamic Bank for Investment's long-term debt to total assests ratio for the quarter that ended in Dec. 2022 was 0.38.

Zain Al-Iraq Islamic Bank for Investment's long-term debt to total assets ratio increased from Dec. 2021 (0.17) to Dec. 2022 (0.38). It may suggest that Zain Al-Iraq Islamic Bank for Investment is progressively becoming more dependent on debt to grow their business.

Zain Al-Iraq Islamic Bank for Investment  (IQS:MTMT) 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.

Zain Al-Iraq Islamic Bank for Investment LT-Debt-to-Total-Asset Related Terms

Zain Al-Iraq Islamic Bank for Investment LT-Debt-to-Total-Asset Historical Data

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The historical data trend for Zain Al-Iraq Islamic Bank for Investment'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.

Zain Al-Iraq Islamic Bank for Investment LT-Debt-to-Total-Asset Chart

Zain Al-Iraq Islamic Bank for Investment Annual Data
Trend Dec21 Dec22
LT-Debt-to-Total-Asset
0.17 0.38

Zain Al-Iraq Islamic Bank for Investment Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22
LT-Debt-to-Total-Asset Get a 7-Day Free Trial 0.17 0.00 0.00 0.00 0.38

Zain Al-Iraq Islamic Bank for Investment LT-Debt-to-Total-Asset Calculation

Zain Al-Iraq Islamic Bank for Investment's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2022 is calculated as

LT Debt to Total Assets (A: Dec. 2022 )=Long-Term Debt & Capital Lease Obligation (A: Dec. 2022 )/Total Assets (A: Dec. 2022 )
=230880.299/615302.85
=0.38

Zain Al-Iraq Islamic Bank for Investment's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2022 is calculated as

LT Debt to Total Assets (Q: Dec. 2022 )=Long-Term Debt & Capital Lease Obligation (Q: Dec. 2022 )/Total Assets (Q: Dec. 2022 )
=230880.299/615302.85
=

* 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.

Frequently Asked Questions Learn more about LT-Debt-to-Total-Asset →
What does a LT-Debt-to-Total-Asset of 0.38 mean?
Zain Al-Iraq Islamic Bank for Investment (IQS:MTMT) has a LT-Debt-to-Total-Asset of 0.38 as of Dec. 2022. Long-term Debt to Total Asset ratio is the ratio of total long-term debt to total assets. View historical data on Zain Al-Iraq Islamic Bank for Investment and its competitors.
Is Zain Al-Iraq Islamic Bank for Investment's LT-Debt-to-Total-Asset too high?
Zain Al-Iraq Islamic Bank for Investment's current LT-Debt-to-Total-Asset is 0.38.
How does Zain Al-Iraq Islamic Bank for Investment's LT-Debt-to-Total-Asset compare to ?
Zain Al-Iraq Islamic Bank for Investment's LT-Debt-to-Total-Asset of 0.38 can be compared against companies in the Banks industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good LT-Debt-to-Total-Asset for a Banks company?
A good LT-Debt-to-Total-Asset depends on the Banks industry context. However, LT-Debt-to-Total-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high LT-Debt-to-Total-Asset mean?
A high LT-Debt-to-Total-Asset can signal that a stock is expensive relative to its fundamentals. Long-term Debt to Total Asset ratio is the ratio of total long-term debt to total assets. View historical data on Zain Al-Iraq Islamic Bank for Investment and its competitors. Zain Al-Iraq Islamic Bank for Investment's current LT-Debt-to-Total-Asset is 0.38. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zain Al-Iraq Islamic Bank for Investment stock overvalued right now?
Zain Al-Iraq Islamic Bank for Investment (IQS:MTMT) has a current LT-Debt-to-Total-Asset of 0.38. The current LT-Debt-to-Total-Asset is 0.38. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is LT-Debt-to-Total-Asset calculated?
LT-Debt-to-Total-Asset is calculated from a company's financial statements. For Zain Al-Iraq Islamic Bank for Investment (IQS:MTMT), the current LT-Debt-to-Total-Asset is 0.38 as of Dec. 2022. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Zain Al-Iraq Islamic Bank for Investment Business Description

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Address Harthiya, Behind Al-Jibji Hospital, Al-Kazemi Complex, Location 212/Z25/Dar 46/1, Baghdad, IRQ
Zain Al-Iraq Islamic Bank for Investment is an Iraq-based company. It provides bank services such as Deposits and bank accounts, Islamic financing, Electronic payment services, Remittance services, Documentary credits, Letters of guarantee, and Mobile banking services.