Sohar International Bank (MUS:BKSB) LT-Debt-to-Total-Asset : 0.07 (As of Dec. 2024)

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What is Sohar International Bank 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. Sohar International Bank's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.07.

Sohar International Bank's long-term debt to total assets ratio declined from Dec. 2023 (0.09) to Dec. 2024 (0.07). It may suggest that Sohar International Bank is progressively becoming less dependent on debt to grow their business.

Sohar International Bank LT-Debt-to-Total-Asset Historical Data

The historical data trend for Sohar International Bank'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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Sohar International Bank LT-Debt-to-Total-Asset Chart

Sohar International Bank Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

LT-Debt-to-Total-Asset

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0.21

0.22

0.19

0.09

0.07

Sohar International Bank 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															0.09	0.10	0.09	0.08	0.07

Sohar International Bank LT-Debt-to-Total-Asset Calculation

Sohar International Bank'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 )
	=	507.918	/	7360.751
	=	0.07

Sohar International Bank'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 )
	=	507.918	/	7360.751
	=	0.07

Sohar International Bank (MUS:BKSB) 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.

Sohar International Bank LT-Debt-to-Total-Asset Related Terms

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Sohar International Bank Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Sohar International Bank (MUS:BKSB) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

Hai Al Mina, P.O. Box 44, Muscat, OMN, 114

Website

https://www.soharinternational.com

Sohar International Bank is engaged in commercial, investment, and Islamic banking activities. It operates through the following business segments: Wholesale Banking, which derives key revenue and offers loans, working capital facilities, trade financing, cash management, custodial services, treasury, investment banking, and funds management services to corporates and other institutions; Retail Banking offers individual customers various products and services, including current and term deposits, housing finance, personal loans, insurance, credit cards, foreign exchange, etc.; KSA Branch provides wholesale banking services in Saudi Arabia; Islamic Banking offers shari'a compliant banking products and services; and Head office. Geographically, the company derives maximum revenue from Oman.