Shahjalal Islami Bank (DHA:SHAHJABANK) LT-Debt-to-Total-Asset : 0.03 (As of Mar. 2024)

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What is Shahjalal Islami 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. Shahjalal Islami Bank's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.03.

Shahjalal Islami Bank's long-term debt to total assets ratio declined from Mar. 2023 (0.03) to Mar. 2024 (0.03). It may suggest that Shahjalal Islami Bank is progressively becoming less dependent on debt to grow their business.

Shahjalal Islami Bank LT-Debt-to-Total-Asset Historical Data

The historical data trend for Shahjalal Islami 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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Shahjalal Islami Bank LT-Debt-to-Total-Asset Chart

Shahjalal Islami Bank Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.04

0.03

0.04

0.03

Shahjalal Islami Bank 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															0.03	0.03	0.03	0.03	0.03

Shahjalal Islami Bank LT-Debt-to-Total-Asset Calculation

Shahjalal Islami 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 )
	=	9863.881	/	354461.764
	=	0.03

Shahjalal Islami Bank'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 )
	=	10452.173	/	366318.373
	=	0.03

Shahjalal Islami Bank (DHA:SHAHJABANK) 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.

Shahjalal Islami Bank LT-Debt-to-Total-Asset Related Terms

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Shahjalal Islami Bank (DHA:SHAHJABANK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Shahjalal Islami Bank PLC (DHA:SHAHJABANK) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

Gulshan Avenue, Plot No. 04, Block-CWN(C), Shahjalal Islami Bank Tower, Dhaka, BGD, 1212

Website

https://www.sjiblbd.com

Shahjalal Islami Bank PLC provides commercial banking products and services in Bangladesh. It offers various deposit products, including current deposit accounts, savings deposit accounts, term deposit accounts, and short notice deposit accounts. The operating segment of the company are Corporate Banking, SME Banking, Retail Banking and Treasury.

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