Riyad Bank (SAU:1010) LT-Debt-to-Total-Asset : 0.03 (As of Mar. 2024)

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

Riyad Bank's long-term debt to total assets ratio increased from Mar. 2023 (0.02) to Mar. 2024 (0.03). It may suggest that Riyad Bank is progressively becoming more dependent on debt to grow their business.

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

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

Riyad Bank Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.02

0.03

0.04

Riyad 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															0.02	0.02	0.04	0.04	0.03

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

Riyad 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 )
	=	13823.806	/	386848.929
	=	0.04

Riyad 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 )
	=	13198.75	/	404858.906
	=	0.03

Riyad Bank (SAU:1010) 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.

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

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Riyad Bank (SAU:1010) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Riyad Bank (SAU:1010) » Definitions » LT-Debt-to-Total-Asset

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Address

Eastern Ring Road, Granada Oasis, A1 Tower, P.O. Box 22622, Al Shuhada District, Riyadh, SAU, 11416

Website

https://www.riyadbank.com

Riyad Bank is a financial institution in Saudi Arabia. The company provides a full range of banking and investment services. It also provides its customer's Islamic banking products, which are approved and supervised by an independent Shariah Board established by the Bank. The company operates in four business segments: Retail Banking, Investment banking and brokerage, Corporate banking, and Treasury and Investments. It generates maximum revenue from the Corporate banking segment. The Corporate banking segment handles corporate customers' current accounts, deposits and provides loans, overdrafts, and other credit facilities.

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