Bank AlJazira (SAU:1020) LT-Debt-to-Total-Asset : 0.02 (As of Mar. 2024)

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What is Bank AlJazira 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 AlJazira's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.02.

Bank AlJazira's long-term debt to total assets ratio declined from Mar. 2023 (0.02) to Mar. 2024 (0.02). It may suggest that Bank AlJazira is progressively becoming less dependent on debt to grow their business.

Bank AlJazira LT-Debt-to-Total-Asset Historical Data

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

Bank AlJazira Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.03

0.02

Bank AlJazira 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															0.02	0.02	0.02	0.02	0.02

Bank AlJazira LT-Debt-to-Total-Asset Calculation

Bank AlJazira'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 )
	=	2201.719	/	129550.777
	=	0.02

Bank AlJazira'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 )
	=	2043.767	/	135821.166
	=	0.02

Bank AlJazira (SAU:1020) 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 AlJazira LT-Debt-to-Total-Asset Related Terms

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Bank AlJazira (SAU:1020) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Bank AlJazira (SAU:1020) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

7724 King Abdulaziz Road, P.O Box 6277, Al-Shatea District, Jeddah, SAU, 21442

Website

https://www.baj.com.sa

Bank AlJazira provides banking services. The Group is organized into the following main operating segments: Personal banking Deposit includes credit and investment products for individuals. Corporate banking includes Financing, deposits and other credit products for corporate, small to medium sized business and institutional customers. Treasury includes money market, foreign exchange, trading and treasury services. Brokerage and asset management provides shares brokerage services to customers (this segment includes the activities of the Bank's subsidiary AlJazira Capital Company). All of the group's operations are based in the Kingdom of Saudi Arabia, GCC and Middle East, Europe, North America, South East Asia and Other countries.

Bank AlJazira (SAU:1020) Headlines

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