The South Indian Bank (NSE:SOUTHBANK) LT-Debt-to-Total-Asset : 0.03 (As of Mar. 2024)

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What is The South Indian 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. The South Indian Bank's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.03.

The South Indian Bank's long-term debt to total assets ratio declined from Mar. 2023 (0.06) to Mar. 2024 (0.03). It may suggest that The South Indian Bank is progressively becoming less dependent on debt to grow their business.

The South Indian Bank LT-Debt-to-Total-Asset Historical Data

The historical data trend for The South Indian 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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The South Indian Bank LT-Debt-to-Total-Asset Chart

The South Indian Bank Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.07

0.05

0.03

0.06

0.03

The South Indian Bank Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.06	0.05	0.05	0.04	0.03

The South Indian Bank LT-Debt-to-Total-Asset Calculation

The South Indian Bank's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (A: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Mar. 2024 )	/	Total Assets (A: Mar. 2024 )
	=	39120.9	/	1174124.8
	=	0.03

The South Indian Bank's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (Q: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2024 )	/	Total Assets (Q: Mar. 2024 )
	=	39120.9	/	1174124.8
	=	0.03

The South Indian Bank (NSE:SOUTHBANK) 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.

The South Indian Bank LT-Debt-to-Total-Asset Related Terms

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The South Indian Bank (NSE:SOUTHBANK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » The South Indian Bank Ltd (NSE:SOUTHBANK) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

532218:India

Address

TB Road, SIB House, P.O. Box No. 28, Mission Quarters, Thrissur, KL, IND, 680 001

Website

https://www.southindianbank.com

The South Indian Bank Ltd operates in the Indian banking sector. The company's operating segments include Treasury, Corporate/Wholesale Banking, Retail Banking, and Other Banking Operations. Corporate/Wholesale Banking segment provides loans to corporate segment identified on the basis of RBI guidelines. The Retail Banking segment provides loans to non-corporate customers. Treasury segment constitutes interest earnings on investment portfolios and foreign exchange activities. The Other Banking Operations segment includes income from para-banking activities. It generates maximum revenue from the Retail Banking Banking segment. Geographically, it operates in India.

The South Indian Bank (NSE:SOUTHBANK) Headlines

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