Standard Bank Group (JSE:SBK) LT-Debt-to-Total-Asset : 0.05 (As of Dec. 2023)

View and export this data going back to 1970. Start your Free Trial

What is Standard Bank Group 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. Standard Bank Group's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.05.

Standard Bank Group's long-term debt to total assets ratio stayed the same from Dec. 2022 (0.05) to Dec. 2023 (0.05).

Standard Bank Group LT-Debt-to-Total-Asset Historical Data

The historical data trend for Standard Bank Group'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.

* Premium members only.

Standard Bank Group LT-Debt-to-Total-Asset Chart

Standard Bank Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

Get a 7-Day Free Trial

0.06

0.05

Standard Bank Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.05	0.01	0.05	0.01	0.05

Standard Bank Group LT-Debt-to-Total-Asset Calculation

Standard Bank Group'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 )
	=	136639	/	3065745
	=	0.04

Standard Bank Group'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 )
	=	136639	/	3065745
	=	0.04

Standard Bank Group (JSE:SBK) 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.

Standard Bank Group LT-Debt-to-Total-Asset Related Terms

Thank you for viewing the detailed overview of Standard Bank Group's LT-Debt-to-Total-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

Standard Bank Group (JSE:SBK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Standard Bank Group Ltd (JSE:SBK) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

SBPP.PFD:South Africa SBKP.PFD:South Africa SGBLY:USA SBGOF:USA SNB:Namibia SKC2:Germany

Address

550 Denman Street, Suite 200, Vancouver, BC, CAN

Website

https://www.standardbank.com

Standard Bank Group Ltd provides banking and other financial services for its customers in roughly 20 countries in sub-Saharan Africa. Its two biggest business segments are personal and business banking and corporate and investment banking. The company earns most of its income from the personal and business banking segment, where it offers credit cards, mortgages, vehicle loans, insurance, and other lending and transactional products. The company generates nearly all its income in Africa, with most coming from South Africa.

Standard Bank Group (JSE:SBK) Headlines

No Headlines