Joint Stock Commercial Bank for Investment and Development of Vietnam (STC:BID) LT-Debt-to-Total-Asset : 0.10 (As of Mar. 2024)

View and export this data going back to 2013. Start your Free Trial

What is Joint Stock Commercial Bank for Investment and Development 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 Investment and Development of Vietnam's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.10.

Joint Stock Commercial Bank for Investment and Development of Vietnam's long-term debt to total assets ratio declined from Mar. 2023 (0.10) to Mar. 2024 (0.10). It may suggest that Joint Stock Commercial Bank for Investment and Development of Vietnam is progressively becoming less dependent on debt to grow their business.

Joint Stock Commercial Bank for Investment and Development of Vietnam LT-Debt-to-Total-Asset Historical Data

The historical data trend for Joint Stock Commercial Bank for Investment and Development 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.

* Premium members only.

Joint Stock Commercial Bank for Investment and Development of Vietnam LT-Debt-to-Total-Asset Chart

Joint Stock Commercial Bank for Investment and Development of Vietnam Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

Get a 7-Day Free Trial

0.08

0.10

Joint Stock Commercial Bank for Investment and Development of Vietnam 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															0.10	0.10	0.10	0.10	0.10

Joint Stock Commercial Bank for Investment and Development of Vietnam LT-Debt-to-Total-Asset Calculation

Joint Stock Commercial Bank for Investment and Development of Vietnam'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 )
	=	239956065	/	2300868728
	=	0.10

Joint Stock Commercial Bank for Investment and Development of Vietnam'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 )
	=	225035180	/	2328730752
	=	0.10

Joint Stock Commercial Bank for Investment and Development of Vietnam (STC:BID) 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 Investment and Development of Vietnam LT-Debt-to-Total-Asset Related Terms

Thank you for viewing the detailed overview of Joint Stock Commercial Bank for Investment and Development of Vietnam's LT-Debt-to-Total-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

Joint Stock Commercial Bank for Investment and Development of Vietnam (STC:BID) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Joint Stock Commercial Bank for Investment and Development of Vietnam (STC:BID) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

BIDV Tower, 35 Hang Voi, Hoan Kiem, Hanoi, VNM

Website

http://www.bidv.com.vn

Joint Stock Commercial Bank for Investment and Development of Vietnam is one of the leading commercial banks based in Vietnam. It is a leading provider of products and modern banking services and utilities such as loans, deposits, savings and current account. Its secondary offerings include insurance products of all types such as life and non-life insurance. Its add on services include a variety of brokerage services, investment advice and contribution to established enterprises to invest various projects. The bank's distribution network spans predominantly across Vietnam and a few countries abroad such as Laos, Cambodia, Myanmar, Russia and Czech Republic.