Bank Muscat (SAOG) (MUS:BKMB) LT-Debt-to-Total-Asset : 0.04 (As of Dec. 2024)

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What is Bank Muscat (SAOG) 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. Bank Muscat (SAOG)'s long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.04.

Bank Muscat (SAOG)'s long-term debt to total assets ratio increased from Dec. 2023 (0.04) to Dec. 2024 (0.04). It may suggest that Bank Muscat (SAOG) is progressively becoming more dependent on debt to grow their business.

Bank Muscat (SAOG) LT-Debt-to-Total-Asset Historical Data

The historical data trend for Bank Muscat (SAOG)'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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Bank Muscat (SAOG) LT-Debt-to-Total-Asset Chart

Bank Muscat (SAOG) Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

LT-Debt-to-Total-Asset

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0.07

0.08

0.07

0.04

Bank Muscat (SAOG) Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.04	0.05	0.08	0.03	0.04

Bank Muscat (SAOG) LT-Debt-to-Total-Asset Calculation

Bank Muscat (SAOG)'s Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (A: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2024 )	/	Total Assets (A: Dec. 2024 )
	=	611.417	/	13911.955
	=	0.04

Bank Muscat (SAOG)'s Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (Q: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2024 )	/	Total Assets (Q: Dec. 2024 )
	=	611.417	/	13911.955
	=	0.04

Bank Muscat (SAOG) (MUS:BKMB) 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.

Bank Muscat (SAOG) LT-Debt-to-Total-Asset Related Terms

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Bank Muscat (SAOG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Bank Muscat (SAOG) (MUS:BKMB) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

N/A

Address

Street No. 62, Block No. 311, Building No. 120/4, Airport Heights, Seeb, Muscat, OMN, 112

Website

https://www.bankmuscat.com

Bank Muscat (SAOG) is a banking corporation. Its business is to accept Sharia-compliant customer deposits, provide Shari'a-compliant financing based on various Shari'a-compliant modes, and undertake investment activities, commercial banking services, and other investment activities in the Sultanate of Oman. The company's service segments include Personal, Corporate, wholesale, islamic, and international banking. It generates maximum revenue from the personal banking segment which provides products and services to individuals, including consumer loans, credit cards, deposit accounts saving deposits, foreign exchange, e-banking, remittances, bancassurance, and other branch-related services.

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