Union Internationale de Banques (XTUN:UIB) LT-Debt-to-Total-Asset : 0.03 (As of Dec. 2023)

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What is Union Internationale de Banques 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. Union Internationale de Banques's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.03.

Union Internationale de Banques's long-term debt to total assets ratio declined from Dec. 2021 (0.05) to Dec. 2023 (0.03). It may suggest that Union Internationale de Banques is progressively becoming less dependent on debt to grow their business.

Union Internationale de Banques LT-Debt-to-Total-Asset Historical Data

The historical data trend for Union Internationale de Banques'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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Union Internationale de Banques LT-Debt-to-Total-Asset Chart

Union Internationale de Banques Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.07

0.06

0.05

0.04

0.03

Union Internationale de Banques Semi-Annual Data
	Dec15	Dec16	Dec17	Dec18	Dec19	Dec20	Dec21	Dec22	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial				0.07	0.06	0.05	0.04	0.03

Union Internationale de Banques LT-Debt-to-Total-Asset Calculation

Union Internationale de Banques'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 )
	=	197.792	/	7723.542
	=	0.03

Union Internationale de Banques'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 )
	=	197.792	/	7723.542
	=	0.03

Union Internationale de Banques (XTUN:UIB) 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.

Union Internationale de Banques LT-Debt-to-Total-Asset Related Terms

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Union Internationale de Banques Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Union Internationale de Banques SA (XTUN:UIB) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

65 Avenue Habib Bourguiba, Tunis, TUN

Website

http://www.uib.com.tn

Union Internationale de Banques SA is engaged in providing banking services to individuals and businesses, companies and institutions.

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