Lien Viet Post Joint Stock Commercial Bank (STC:LPB) LT-Debt-to-Total-Asset : 0.11 (As of Mar. 2024)

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What is Lien Viet Post Joint Stock Commercial 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. Lien Viet Post Joint Stock Commercial Bank's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.11.

Lien Viet Post Joint Stock Commercial Bank's long-term debt to total assets ratio declined from Mar. 2023 (0.14) to Mar. 2024 (0.11). It may suggest that Lien Viet Post Joint Stock Commercial Bank is progressively becoming less dependent on debt to grow their business.

Lien Viet Post Joint Stock Commercial Bank LT-Debt-to-Total-Asset Historical Data

The historical data trend for Lien Viet Post Joint Stock Commercial 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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Lien Viet Post Joint Stock Commercial Bank LT-Debt-to-Total-Asset Chart

Lien Viet Post Joint Stock Commercial Bank Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.17

0.14

0.16

0.11

0.13

Lien Viet Post Joint Stock Commercial 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															0.14	0.13	0.13	0.13	0.11

Lien Viet Post Joint Stock Commercial Bank LT-Debt-to-Total-Asset Calculation

Lien Viet Post Joint Stock Commercial 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 )
	=	50869706	/	382863179
	=	0.13

Lien Viet Post Joint Stock Commercial 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 )
	=	44529238	/	409763817
	=	0.11

Lien Viet Post Joint Stock Commercial Bank (STC:LPB) 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.

Lien Viet Post Joint Stock Commercial Bank LT-Debt-to-Total-Asset Related Terms

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Lien Viet Post Joint Stock Commercial Bank (STC:LPB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Lien Viet Post Joint Stock Commercial Bank (STC:LPB) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

Tran Quang Khai, Lienvietpostbank Building, No. 210, Hoan Kiem District, Hanoi, VNM

Website

https://www.lienvietpostbank.com.vn

Lien Viet Post Joint Stock Commercial Bank is a provider of banking services. The company's products and services include VIVIET E-WALLET, Agricultural Financing program, SMEFP III - Low interest loans, Preferential loans for corporates, Agricultural development loan, Postal Transaction Office Banking, Personal Banking, and Corporate banking.

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