Asia Commercial Joint Stock Bank (STC:ACB) LT-Debt-to-Total-Asset : 0.06 (As of Mar. 2024)

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

Asia Commercial Joint Stock Bank's long-term debt to total assets ratio declined from Mar. 2023 (0.09) to Mar. 2024 (0.06). It may suggest that Asia Commercial Joint Stock Bank is progressively becoming less dependent on debt to grow their business.

Asia Commercial Joint Stock Bank LT-Debt-to-Total-Asset Historical Data

The historical data trend for Asia Commercial Joint Stock 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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Asia Commercial Joint Stock Bank LT-Debt-to-Total-Asset Chart

Asia Commercial Joint Stock Bank Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.06

0.07

0.08

0.07

Asia Commercial Joint Stock 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															0.09	0.05	0.07	0.07	0.06

Asia Commercial Joint Stock Bank LT-Debt-to-Total-Asset Calculation

Asia Commercial Joint Stock 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 )
	=	47488737	/	718794589
	=	0.07

Asia Commercial Joint Stock 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 )
	=	39132971	/	716806689
	=	0.05

Asia Commercial Joint Stock Bank (STC:ACB) 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.

Asia Commercial Joint Stock Bank LT-Debt-to-Total-Asset Related Terms

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Asia Commercial Joint Stock Bank (STC:ACB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Asia Commercial Joint Stock Bank (STC:ACB) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

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Address

442 Nguyen Thi Minh Khai, District 3, Ho Chi Minh, VNM

Website

https://www.acb.com.vn

Asia Commercial Joint Stock Bank formerly Asia Commercial Bank together with its subsidiaries, provides banking services to individual and corporate customers. Its personal banking products and services include current and savings accounts; time deposits; consumption, and others. Geographically, the activities are carried out through Vietnam.