First Abu Dhabi Bank PJSC (ADX:FAB) LT-Debt-to-Total-Asset : 0.08 (As of Dec. 2023)

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What is First Abu Dhabi Bank PJSC 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. First Abu Dhabi Bank PJSC's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.08.

First Abu Dhabi Bank PJSC's long-term debt to total assets ratio declined from Dec. 2022 (0.09) to Dec. 2023 (0.08). It may suggest that First Abu Dhabi Bank PJSC is progressively becoming less dependent on debt to grow their business.

First Abu Dhabi Bank PJSC LT-Debt-to-Total-Asset Historical Data

The historical data trend for First Abu Dhabi Bank PJSC'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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First Abu Dhabi Bank PJSC LT-Debt-to-Total-Asset Chart

First Abu Dhabi Bank PJSC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.09

0.10

0.11

0.09

0.08

First Abu Dhabi Bank PJSC Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.09	0.08	0.07	0.07	0.08

First Abu Dhabi Bank PJSC LT-Debt-to-Total-Asset Calculation

First Abu Dhabi Bank PJSC'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 )
	=	87789.344	/	1168632.561
	=	0.08

First Abu Dhabi Bank PJSC'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 )
	=	87789.344	/	1168632.561
	=	0.08

First Abu Dhabi Bank PJSC (ADX:FAB) 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.

First Abu Dhabi Bank PJSC LT-Debt-to-Total-Asset Related Terms

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First Abu Dhabi Bank PJSC (ADX:FAB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » First Abu Dhabi Bank PJSC (ADX:FAB) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

Khalifa Business Park 1, P.O. Box 6316, FAB Building, Al Qurum District, Abu Dhabi, ARE

Website

https://www.bankfab.com

First Abu Dhabi Bank PJSC or FAB, is a Global bank headquartered in the United Arab Emirates. The company's segment includes Investment Banking; Corporate and commercial Banking Group; Consumer Banking; Global Private Banking and Head Office. It generates maximum revenue from the Investment Banking segment. IB offers banking and financing solutions, including corporate and Islamic finance, capital markets, transaction banking, trade, liquidity and cash management services along with a broad range of risk management solutions across credit, rates, FX and money market products.

First Abu Dhabi Bank PJSC (ADX:FAB) Headlines

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