Jaiz Bank (NSA:JAIZBANK) LT-Debt-to-Total-Asset : 0.06 (As of Mar. 2024)

View and export this data going back to 2017. Start your Free Trial

What is Jaiz 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. Jaiz Bank's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.06.

Jaiz Bank's long-term debt to total assets ratio increased from Dec. 2022 (0.04) to Mar. 2024 (0.06). It may suggest that Jaiz Bank is progressively becoming more dependent on debt to grow their business.

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

The historical data trend for Jaiz 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.

Jaiz Bank LT-Debt-to-Total-Asset Chart

Jaiz Bank Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

LT-Debt-to-Total-Asset

Get a 7-Day Free Trial

0.03

0.04

Jaiz Bank Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.04	0.07	0.07	0.08	0.06

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

Jaiz Bank's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2022 is calculated as

LT Debt to Total Assets (A: Dec. 2022 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2022 )	/	Total Assets (A: Dec. 2022 )
	=	13677.64	/	379819.455
	=	0.04

Jaiz 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 )
	=	39219.648	/	670984.551
	=	0.06

Jaiz Bank (NSA:JAIZBANK) 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.

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

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

Jaiz Bank (NSA:JAIZBANK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Jaiz Bank PLC (NSA:JAIZBANK) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 73 Ralph Shodeinde Street, Kano House, Central Business Area, Abuja, NGA

Website

https://www.jaizbankplc.com

Jaiz Bank PLC is a full-fledged Non-Interest (Islamic) Bank in Nigeria. The company's business divisions include Retail Banking, and Corporate Banking. Its products and services include JAIZ Kids Savings Account, JAIZ Premium Savings Account, Working Capital Finance, Project Financing, JAIZ SMS Banking, JaizPay, JaizMobile and JaizOnline.

Jaiz Bank (NSA:JAIZBANK) Headlines

No Headlines