Rizal Commercial Banking (PHS:RCB) LT-Debt-to-Total-Asset : 0.07 (As of Mar. 2024)

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What is Rizal Commercial Banking 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. Rizal Commercial Banking's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.07.

Rizal Commercial Banking's long-term debt to total assets ratio declined from Mar. 2023 (0.11) to Mar. 2024 (0.07). It may suggest that Rizal Commercial Banking is progressively becoming less dependent on debt to grow their business.

Rizal Commercial Banking LT-Debt-to-Total-Asset Historical Data

The historical data trend for Rizal Commercial Banking'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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Rizal Commercial Banking LT-Debt-to-Total-Asset Chart

Rizal Commercial Banking Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.27

0.14

0.16

0.13

0.08

Rizal Commercial Banking 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															0.11	0.09	0.10	0.08	0.07

Rizal Commercial Banking LT-Debt-to-Total-Asset Calculation

Rizal Commercial Banking'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 )
	=	95157	/	1238332
	=	0.08

Rizal Commercial Banking'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 )
	=	88276	/	1230944
	=	0.07

Rizal Commercial Banking (PHS:RCB) 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.

Rizal Commercial Banking LT-Debt-to-Total-Asset Related Terms

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Rizal Commercial Banking (PHS:RCB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Rizal Commercial Banking Corp (PHS:RCB) » Definitions » LT-Debt-to-Total-Asset

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Address

6819 Ayala Avenue Corner Sen Gil Puyat Avenue, 12th Floor, Yuchengco Tower, RCBC Plaza, Makati, PHL, 1200

Website

https://www.rcbc.com

Rizal Commercial Banking Corporation is a bank based in Makati City, the Philippines. The company provides banking and financial products and services to its customers in the Philippines but also in Asia, Europe, and the United States. The bank operates in the below segments: Retail, Corporate, Small and Medium enterprises, Treasury, and Others. Of these segments, the contributor to revenue is the retail banking function, followed by corporate banking. Services provided to clients include checking and savings accounts, deposits, credit cards, consumer and commercial loans, money market and trading services, investment banking, foreign exchange, wealth management, economic and investment research, syndicated loans, and wholesale lending.

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