Ajman Bank PJSC (DFM:AJMANBANK) LT-Debt-to-Total-Asset : 0.00 (As of Mar. 2024)

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What is Ajman Bank PJSC 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. Ajman Bank PJSC's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.00.

Ajman Bank PJSC's long-term debt to total assets ratio stayed the same from Mar. 2023 (0.00) to Mar. 2024 (0.00).

Ajman Bank PJSC LT-Debt-to-Total-Asset Historical Data

The historical data trend for Ajman Bank PJSC'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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Ajman Bank PJSC LT-Debt-to-Total-Asset Chart

Ajman Bank PJSC Annual Data

Trend

Dec14

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Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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Ajman Bank PJSC 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															-	-	-	-	-

Ajman Bank PJSC LT-Debt-to-Total-Asset Calculation

Ajman Bank PJSC'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 )
	=	10.01	/	24935.532
	=	0.00

Ajman Bank PJSC'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 )
	=	10.567	/	23070.467
	=	0.00

Ajman Bank PJSC (DFM:AJMANBANK) 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.

Ajman Bank PJSC LT-Debt-to-Total-Asset Related Terms

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Ajman Bank PJSC (DFM:AJMANBANK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Ajman Bank PJSC (DFM:AJMANBANK) » Definitions » LT-Debt-to-Total-Asset

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Address

Khalifa Street, P.O. Box 7770, A and F Towers, Ajman, ARE

Website

https://www.ajmanbank.ae

Ajman Bank PJSC provides banking products and services in the United Arab Emirates, Gulf countries, and internationally. It focuses on undertaking banking, financing, and investing through Islamic financing and investment products. The company's operating segments include consumer banking, corporate banking, and treasury. It generates majority of its revenue from the corporate banking segment, specifically its Islamic financing and investing assets. The corporate banking segment incorporates transactions with corporate bodies, including government and public bodies and comprises Islamic financing and investing assets, deposits, and trade finance transactions.

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