ABSA Bank Kenya (NAI:ABSA) LT-Debt-to-Total-Asset : 0.01 (As of Mar. 2024)

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What is ABSA Bank Kenya 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. ABSA Bank Kenya's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.01.

ABSA Bank Kenya's long-term debt to total assets ratio stayed the same from Mar. 2023 (0.01) to Mar. 2024 (0.01).

ABSA Bank Kenya LT-Debt-to-Total-Asset Historical Data

The historical data trend for ABSA Bank Kenya'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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ABSA Bank Kenya LT-Debt-to-Total-Asset Chart

ABSA Bank Kenya Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.02

0.03

0.02

0.04

0.05

ABSA Bank Kenya 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															0.01	0.01	-	0.05	0.01

ABSA Bank Kenya LT-Debt-to-Total-Asset Calculation

ABSA Bank Kenya'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 )
	=	25933	/	519795
	=	0.05

ABSA Bank Kenya'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 )
	=	3921.904	/	497676.008
	=	0.01

ABSA Bank Kenya (NAI:ABSA) 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.

ABSA Bank Kenya LT-Debt-to-Total-Asset Related Terms

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ABSA Bank Kenya (NAI:ABSA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » ABSA Bank Kenya PLC (NAI:ABSA) » Definitions » LT-Debt-to-Total-Asset

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Address

Waiyaki Way, P.O. Box 30120, Nairobi, KEN, 00100

Website

https://www.absabank.co.ke

ABSA Bank Kenya PLC is a diversified financial services company offering clients a range of retail, business, corporate and investment, and wealth management solutions. The company's operating segment includes Consumer banking and Corporate banking. It generates maximum revenue from the Consumer Banking segment. The Consumer Banking segment incorporates private customer current accounts, savings, deposits, credit and debit cards, consumer loans, and mortgages. Its Corporate Banking segment includes the business model that centers on delivering specialist investment banking, financing, risk management, and advisory solutions across asset classes to corporates, financial institutions, and government clients.

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