Viet Nam Joint Stock Commercial Bank For Industry And Trade (STC:CTG) LT-Debt-to-Total-Asset : 0.07 (As of Mar. 2024)

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What is Viet Nam Joint Stock Commercial Bank For Industry And Trade 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. Viet Nam Joint Stock Commercial Bank For Industry And Trade's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.07.

Viet Nam Joint Stock Commercial Bank For Industry And Trade's long-term debt to total assets ratio declined from Mar. 2023 (0.09) to Mar. 2024 (0.07). It may suggest that Viet Nam Joint Stock Commercial Bank For Industry And Trade is progressively becoming less dependent on debt to grow their business.

Viet Nam Joint Stock Commercial Bank For Industry And Trade LT-Debt-to-Total-Asset Historical Data

The historical data trend for Viet Nam Joint Stock Commercial Bank For Industry And Trade'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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Viet Nam Joint Stock Commercial Bank For Industry And Trade LT-Debt-to-Total-Asset Chart

Viet Nam Joint Stock Commercial Bank For Industry And Trade Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.07

0.11

0.09

0.08

Viet Nam Joint Stock Commercial Bank For Industry And Trade 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	0.09	0.07	0.08	0.07

Viet Nam Joint Stock Commercial Bank For Industry And Trade LT-Debt-to-Total-Asset Calculation

Viet Nam Joint Stock Commercial Bank For Industry And Trade'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 )
	=	162042481	/	2032613606
	=	0.08

Viet Nam Joint Stock Commercial Bank For Industry And Trade'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 )
	=	144293986	/	2077615056
	=	0.07

Viet Nam Joint Stock Commercial Bank For Industry And Trade (STC:CTG) 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.

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Viet Nam Joint Stock Commercial Bank For Industry And Trade (STC:CTG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Viet Nam Joint Stock Commercial Bank For Industry And Trade (STC:CTG) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

N/A

Address

108 Tran Hung Dao Street, Hoan Kiem District, Hanoi, VNM

Website

https://www.vietinbank.vn

Viet Nam Joint Stock Commercial Bank For Industry And Trade is a Vietnam based banking service provider. The company's operating segment include Banking financial services, Non-banking financial services, and Others. It generates maximum revenue from the Banking financial services segment. The company provides banking services including mobilizing and receiving short, medium and long-term deposits from organizations or individuals; making short, medium and long term loans and advances to organizations and individuals; conducting foreign exchange transactions, international trade finance services, discounting of commercial papers, bonds and other valuable papers and other services.