Standard Chartered (LSE:STAN) LT-Debt-to-Total-Asset : 0.09 (As of Mar. 2024)

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What is Standard Chartered 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. Standard Chartered's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.09.

Standard Chartered's long-term debt to total assets ratio declined from Mar. 2023 (0.09) to Mar. 2024 (0.09). It may suggest that Standard Chartered is progressively becoming less dependent on debt to grow their business.

Standard Chartered LT-Debt-to-Total-Asset Historical Data

The historical data trend for Standard Chartered'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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Standard Chartered LT-Debt-to-Total-Asset Chart

Standard Chartered Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.12

0.11

Standard Chartered 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															0.09	0.11	0.10	0.11	0.09

Standard Chartered LT-Debt-to-Total-Asset Calculation

Standard Chartered'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 )
	=	73489.75	/	650046.76
	=	0.11

Standard Chartered'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 )
	=	56551.459	/	639457.175
	=	0.09

Standard Chartered (LSE:STAN) 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.

Standard Chartered LT-Debt-to-Total-Asset Related Terms

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Standard Chartered (LSE:STAN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Standard Chartered PLC (LSE:STAN) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

SCBFY:USA SCBFF:USA 02888:Hong Kong STANl:UK STAC.PFD:UK STAB.PFD:UK STD:Germany

Address

1 Basinghall Avenue, London, GBR, EC2V 5DD

Website

https://www.sc.com

Standard Chartered Bank was established in 1853 by Royal Charter in the United Kingdom, with the holding company Standard Chartered PLC incorporated in 1969. The bank is domiciled in the U.K. and provides banking services across 60 countries, primarily in Asia, Africa, the Middle East, and the United Kingdom. The bulk of the business is in corporate and transaction banking, financial markets, and corporate finance. The bank has strong retail franchises focusing on the affluent segment in Hong Kong, Singapore, and certain countries in Africa. The bank has also launched a ventures division to focus on financial technology, including digital banks in Hong Kong and Singapore, online payment, and digital assets.

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