Saudi National Bank (SAU:1180) LT-Debt-to-Total-Asset : 0.02 (As of Dec. 2023)

View and export this data going back to 2014. Start your Free Trial

What is Saudi National 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. Saudi National Bank's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.02.

Saudi National Bank's long-term debt to total assets ratio declined from Dec. 2022 (0.02) to Dec. 2023 (0.02). It may suggest that Saudi National Bank is progressively becoming less dependent on debt to grow their business.

Saudi National Bank LT-Debt-to-Total-Asset Historical Data

The historical data trend for Saudi National 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.

* Premium members only.

Saudi National Bank LT-Debt-to-Total-Asset Chart

Saudi National Bank Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

Get a 7-Day Free Trial

0.01

0.02

Saudi National Bank Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.02	0.01	0.01	0.01	0.02

Saudi National Bank LT-Debt-to-Total-Asset Calculation

Saudi National Bank'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 )
	=	15091.007	/	1037081.167
	=	0.01

Saudi National Bank's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	15091.007	/	1037081.167
	=	0.01

Saudi National Bank (SAU:1180) 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.

Saudi National Bank LT-Debt-to-Total-Asset Related Terms

Thank you for viewing the detailed overview of Saudi National Bank's LT-Debt-to-Total-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

Saudi National Bank (SAU:1180) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Saudi National Bank (SAU:1180) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

King Fahd Road, The Saudi National Bank Tower, King Abdullah Financial District, 3208 - Al Aqeeq District Unit No. 778, Riyadh, SAU, 13519 - 6676

Website

https://www.alahli.com

Saudi National Bank is the largest financial institution in Saudi Arabia. It is engaged in the treasury and capital markets, asset management, brokerage, and investment banks. It has a presence in the Middle East, South Asia, and Turkey. Its operating segments include Retail Banking; Wholesale Banking; Capital Market; and International Banking. The majority of its revenue gets derived from the Retail segment.

Saudi National Bank (SAU:1180) Headlines

No Headlines