African Export-Import Bank (XMAU:AEIB.N0004) LT-Debt-to-Total-Asset : 0.09 (As of Dec. 2023)

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What is African Export-Import 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. African Export-Import Bank's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.09.

African Export-Import Bank's long-term debt to total assets ratio declined from Dec. 2021 (0.16) to Dec. 2023 (0.09). It may suggest that African Export-Import Bank is progressively becoming less dependent on debt to grow their business.

African Export-Import Bank LT-Debt-to-Total-Asset Historical Data

The historical data trend for African Export-Import 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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African Export-Import Bank LT-Debt-to-Total-Asset Chart

African Export-Import Bank Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

0.16

0.12

0.09

African Export-Import Bank Semi-Annual Data
	Dec20	Dec21	Dec22	Dec23
LT-Debt-to-Total-Asset	0.16	0.16	0.12	0.09

African Export-Import Bank LT-Debt-to-Total-Asset Calculation

African Export-Import 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 )
	=	2836.859	/	33468.609
	=	0.08

African Export-Import 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 )
	=	2836.859	/	33468.609
	=	0.08

African Export-Import Bank (XMAU:AEIB.N0004) 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.

African Export-Import Bank LT-Debt-to-Total-Asset Related Terms

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African Export-Import Bank Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » African Export-Import Bank (XMAU:AEIB.N0004) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

72 (B) El Maahad El Eshteraky Street Roxy, Heliopolis, Cairo, EGY, 11341

Website

https://www.afreximbank.com

African Export-Import Bank is a supranational financial institution that facilitates, promotes and expands intra and extra-African trade. Its functions include extending credit to eligible African exporters by providing pre- and post-shipment finance; extending indirect credit to African exporters and importers of African goods through the intermediary of banks and other African financial institutions; leveraging external financing through syndication; promoting and financing trade between African states and other developing states; acting as intermediary between African exporters and African and non-African importers through the issuance of letters of credit, guarantees and other trade documents in support of export-import transactions; among others.

African Export-Import Bank Headlines

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