Banque Internationale Arabe de Tunisie (LSE:BIND) LT-Debt-to-Total-Asset : 0.03 (As of Dec. 2023)

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What is Banque Internationale Arabe de Tunisie 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. Banque Internationale Arabe de Tunisie's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.03.

Banque Internationale Arabe de Tunisie's long-term debt to total assets ratio declined from Dec. 2021 (0.04) to Dec. 2023 (0.03). It may suggest that Banque Internationale Arabe de Tunisie is progressively becoming less dependent on debt to grow their business.

Banque Internationale Arabe de Tunisie LT-Debt-to-Total-Asset Historical Data

The historical data trend for Banque Internationale Arabe de Tunisie'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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Banque Internationale Arabe de Tunisie LT-Debt-to-Total-Asset Chart

Banque Internationale Arabe de Tunisie Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.03

0.04

0.03

Banque Internationale Arabe de Tunisie Semi-Annual Data
	Dec09	Dec10	Dec11	Dec12	Dec13	Dec14	Dec15	Dec16	Dec17	Dec18	Dec19	Dec20	Dec21	Dec22	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial										0.03	0.03	0.04	0.04	0.03

Banque Internationale Arabe de Tunisie LT-Debt-to-Total-Asset Calculation

Banque Internationale Arabe de Tunisie'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 )
	=	215.472	/	7574.49
	=	0.03

Banque Internationale Arabe de Tunisie'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 )
	=	215.472	/	7574.49
	=	0.03

Banque Internationale Arabe de Tunisie (LSE:BIND) 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.

Banque Internationale Arabe de Tunisie LT-Debt-to-Total-Asset Related Terms

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Banque Internationale Arabe de Tunisie (LSE:BIND) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Banque Internationale Arabe de Tunisie SA (LSE:BIND) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

BIAT:Tunisia

Address

70-72 Avenue Habib Bourguiba, Tunis, TUN, 1000

Website

https://www.biat.com.tn

Banque Internationale Arabe de Tunisie SA is a Tunisia-based banking services provider. The crux of its operations involves Retail Banking and Funding and Investment Banking Business which are also its operating segments. Under the Retail Banking umbrella, it provides deposit products and loans to individuals, as well as the agriculture and fishing, industry, construction, olive oil, trading, tourism, transport, telecom, service, and other sectors. The Investment Banking services include corporate finance, venture capital, a securities portfolio and financial holdings management, asset management, debt recovery. The bank generates a majority of its revenue in the form of interest incomes.

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