Joint Stock Commercial Bank for Foreign Trade of Vietnam (STC:VCB) LT-Debt-to-Total-Asset : 0.01 (As of Dec. 2024)

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What is Joint Stock Commercial Bank for Foreign Trade of Vietnam 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. Joint Stock Commercial Bank for Foreign Trade of Vietnam's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.01.

Joint Stock Commercial Bank for Foreign Trade of Vietnam's long-term debt to total assets ratio declined from Dec. 2023 (0.02) to Dec. 2024 (0.01). It may suggest that Joint Stock Commercial Bank for Foreign Trade of Vietnam is progressively becoming less dependent on debt to grow their business.

Joint Stock Commercial Bank for Foreign Trade of Vietnam LT-Debt-to-Total-Asset Historical Data

The historical data trend for Joint Stock Commercial Bank for Foreign Trade of Vietnam'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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Joint Stock Commercial Bank for Foreign Trade of Vietnam LT-Debt-to-Total-Asset Chart

Joint Stock Commercial Bank for Foreign Trade of Vietnam Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

LT-Debt-to-Total-Asset

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0.02

0.01

0.02

0.01

Joint Stock Commercial Bank for Foreign Trade of Vietnam Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.02	0.01	0.01	0.01	0.01

Joint Stock Commercial Bank for Foreign Trade of Vietnam LT-Debt-to-Total-Asset Calculation

Joint Stock Commercial Bank for Foreign Trade of Vietnam's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (A: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2024 )	/	Total Assets (A: Dec. 2024 )
	=	21485469	/	2085873522
	=	0.01

Joint Stock Commercial Bank for Foreign Trade of Vietnam's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (Q: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2024 )	/	Total Assets (Q: Dec. 2024 )
	=	21485469	/	2085873522
	=	0.01

Joint Stock Commercial Bank for Foreign Trade of Vietnam (STC:VCB) 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.

Joint Stock Commercial Bank for Foreign Trade of Vietnam LT-Debt-to-Total-Asset Related Terms

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Joint Stock Commercial Bank for Foreign Trade of Vietnam Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Joint Stock Commercial Bank for Foreign Trade of Vietnam (STC:VCB) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

No. 198 Tran Quang Khai Street, Hoan Kiem District, Ha Noi, VNM

Website

http://www.vietcombank.com.vn

Joint Stock Commercial Bank for Foreign Trade of Vietnam is engaged in the provision of banking products and services. The company's operating segment includes Banking financial services; Non-banking financial services; Securities and Others. It generates maximum revenue from the Banking financial services segment. Its geographical segment includes the North; the Middle and Central Highland; the South and Overseas of which the North segment derives a majority of revenue to the company. The company services include Personal loans, Electronic banking, Savings and Investment, Card, Payment and currency management, Commercial finance, Foreign exchange and capital markets, factoring and others.

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