Islandsbanki hf (OISE:ISB) LT-Debt-to-Total-Asset : 0.26 (As of Jun. 2024)

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What is Islandsbanki hf 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. Islandsbanki hf's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.26.

Islandsbanki hf's long-term debt to total assets ratio declined from Jun. 2023 (0.31) to Jun. 2024 (0.26). It may suggest that Islandsbanki hf is progressively becoming less dependent on debt to grow their business.

Islandsbanki hf LT-Debt-to-Total-Asset Historical Data

The historical data trend for Islandsbanki hf'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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Islandsbanki hf LT-Debt-to-Total-Asset Chart

Islandsbanki hf Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.28

0.31

0.32

0.29

Islandsbanki hf Quarterly Data
	Dec18	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.31	0.30	0.29	0.29	0.26

Islandsbanki hf LT-Debt-to-Total-Asset Calculation

Islandsbanki hf'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 )
	=	459448	/	1582694
	=	0.29

Islandsbanki hf's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2024 is calculated as

LT Debt to Total Assets (Q: Jun. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2024 )	/	Total Assets (Q: Jun. 2024 )
	=	420442	/	1595896
	=	0.26

Islandsbanki hf (OISE:ISB) 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.

Islandsbanki hf LT-Debt-to-Total-Asset Related Terms

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Islandsbanki hf Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Islandsbanki hf (OISE:ISB) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

Hagasmari 3, Kopavogur, ISL, 201

Website

https://www.islandsbanki.is

Islandsbanki hf is a customer-centric universal bank, headquartered in Iceland. The company's segment include Personal Banking; Business Banking; Corporate and Investment Banking; Treasury and Proprietary Trading and Cost centres. It generates maximum revenue from the Personal Banking segment. Personal Banking provides comprehensive financial services to individuals, such as lending, savings and payments.

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