Philippinevings Bank (PHS:PSB) LT-Debt-to-Total-Asset : 0.01 (As of Mar. 2024)

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What is Philippinevings 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. Philippinevings Bank's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.01.

Philippinevings Bank's long-term debt to total assets ratio stayed the same from Mar. 2023 (0.01) to Mar. 2024 (0.01).

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

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

Philippinevings Bank Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.05

0.06

0.02

0.01

Philippinevings 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															0.01	0.01	0.01	0.01	0.01

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

Philippinevings 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 )
	=	1181.201	/	238433.296
	=	0.00

Philippinevings 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 )
	=	1262.686	/	233607.091
	=	0.01

Philippinevings Bank (PHS:PSB) 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.

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

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Philippinevings Bank (PHS:PSB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Philippine Savings Bank (PHS:PSB) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

777 Paseo de Roxas Avenue corner Sedeno Street, PSBank Center, Makati City, PHL, 1226

Website

https://www.psbank.com.ph

Philippine Savings Bank is a consumer banking company. Its services can be summed up as deposits, loans, treasury, and trust functions offered to the consumer and commercial market. The company structures its business into segments, such as Consumer Banking, Corporate Banking, Branch Banking, and Treasury. The consumer and corporate banking segments cater to the consumer and corporate customers respectively. The branch banking segment integrates the services provided by the consumer and corporate banking segments. Under the treasury banking segment, the company handles the money market and trading activities.