DFCC Bank (COL:DFCC.N0000) LT-Debt-to-Total-Asset : 0.15 (As of Mar. 2024)

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What is DFCC 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. DFCC Bank's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.15.

DFCC Bank's long-term debt to total assets ratio declined from Mar. 2023 (0.18) to Mar. 2024 (0.15). It may suggest that DFCC Bank is progressively becoming less dependent on debt to grow their business.

DFCC Bank LT-Debt-to-Total-Asset Historical Data

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

DFCC Bank Annual Data

Trend

Mar14

Mar15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.22

0.18

0.20

0.23

0.22

DFCC 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															0.18	0.17	0.17	0.22	0.15

DFCC Bank LT-Debt-to-Total-Asset Calculation

DFCC 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 )
	=	141157.898	/	645068.398
	=	0.22

DFCC 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 )
	=	92050.009	/	624570.961
	=	0.15

DFCC Bank (COL:DFCC.N0000) 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.

DFCC Bank LT-Debt-to-Total-Asset Related Terms

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DFCC Bank (COL:DFCC.N0000) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » DFCC Bank PLC (COL:DFCC.N0000) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

73/5, Galle Road, Colombo, LKA, 03

Website

https://www.dfcc.lk

DFCC Bank PLC is a development bank operating along with its subsidiary and venture company in Sri Lanka that operates in four segments; Corporate Banking includes Loans deposits and other transactions and balances with corporate customers, Retail Banking includes Loans, deposits, and other transactions and balances with retail customers, The Treasury segment includes Funding and centralized risk management activities through borrowings, issues of debt securities, use of derivatives for risk management purposes and investing in short-term placements and corporate and government debt securities, and Other segment includes Revenue and expenses attributable to the incorporated business segments of industrial estate management, unit trust management, stock brokering, and consultancy services.

DFCC Bank (COL:DFCC.N0000) Headlines

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