Sharjah Islamic Bank (ADX:SIB) LT-Debt-to-Total-Asset : 0.03 (As of Mar. 2024)

View and export this data going back to 2004. Start your Free Trial

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

Sharjah Islamic Bank's long-term debt to total assets ratio declined from Mar. 2023 (0.06) to Mar. 2024 (0.03). It may suggest that Sharjah Islamic Bank is progressively becoming less dependent on debt to grow their business.

Sharjah Islamic Bank LT-Debt-to-Total-Asset Historical Data

The historical data trend for Sharjah Islamic 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.

* Premium members only.

Sharjah Islamic Bank LT-Debt-to-Total-Asset Chart

Sharjah Islamic Bank Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

Get a 7-Day Free Trial

0.12

0.10

0.07

0.06

0.03

Sharjah Islamic 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															0.06	0.03	0.03	0.03	0.03

Sharjah Islamic Bank LT-Debt-to-Total-Asset Calculation

Sharjah Islamic 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 )
	=	1853.531	/	65878.981
	=	0.03

Sharjah Islamic 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 )
	=	1854.81	/	70116.194
	=	0.03

Sharjah Islamic Bank (ADX:SIB) 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.

Sharjah Islamic Bank LT-Debt-to-Total-Asset Related Terms

Thank you for viewing the detailed overview of Sharjah Islamic Bank's LT-Debt-to-Total-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

Sharjah Islamic Bank (ADX:SIB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Sharjah Islamic Bank (ADX:SIB) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Sharjah Islamic Bank Tower, P.O. Box 4, Al Khan, Sharjah, ARE

Website

https://www.sib.ae

Sharjah Islamic Bank is engaged in providing banking activities, financing, and investing activities. The bank's activities comprise four main business segments namely corporate and government; retail; investment and treasury; and hospitality, brokerage and real estate. It generates a majority of its revenue from the corporate and government segment in which the bank provides Islamic financial products and services to the companies, institutions, and government departments.

Sharjah Islamic Bank (ADX:SIB) Headlines

No Headlines