DNB Bank ASA (OSTO:DNBO) LT-Debt-to-Total-Asset : 0.14 (As of Mar. 2024)

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What is DNB Bank ASA 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. DNB Bank ASA's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.14.

DNB Bank ASA's long-term debt to total assets ratio declined from Mar. 2023 (0.16) to Mar. 2024 (0.14). It may suggest that DNB Bank ASA is progressively becoming less dependent on debt to grow their business.

DNB Bank ASA LT-Debt-to-Total-Asset Historical Data

The historical data trend for DNB Bank ASA'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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DNB Bank ASA LT-Debt-to-Total-Asset Chart

DNB Bank ASA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.26

0.24

0.21

0.17

0.15

DNB Bank ASA 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															0.16	0.16	0.15	0.15	0.14

DNB Bank ASA LT-Debt-to-Total-Asset Calculation

DNB Bank ASA'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 )
	=	529638	/	3439724
	=	0.15

DNB Bank ASA'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 )
	=	540172	/	3896408
	=	0.14

DNB Bank ASA (OSTO:DNBo) 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.

DNB Bank ASA LT-Debt-to-Total-Asset Related Terms

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DNB Bank ASA (OSTO:DNBO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » DNB Bank ASA (OSTO:DNBo) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

DNBBY:USA DNBBF:USA DNB:Norway DNBo:UK 0O84:UK D1NC:Germany D1NC:Germany

Address

Dronning Eufemias gate 30, Bjorvika, Oslo, NOR, 0191

Website

https://www.dnb.no

DNB Bank ASA is a Norwegian financial services group. About one fourth of its income derives from its international business, including other parts of Europe, Asia, and the Americas. The group offers a full range of financial services, including loans, savings, advisory services, insurance, and pension products for retail and corporate customers. Just under half of its credit exposure is to personal costumers, overwhelmingly in residential mortgages. The other portion of its credit exposure is to large corporations, diversified across an array of industries, most notably oil and gas, shipping, and commercial real estate. The group's strategy emphasizes cost efficiency and customer service.

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