Bank of Palestine (XPAE:BOP) LT-Debt-to-Total-Asset : 0.02 (As of Dec. 2023)

View and export this data going back to 2005. Start your Free Trial

What is Bank of Palestine 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. Bank of Palestine's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.02.

Bank of Palestine's long-term debt to total assets ratio declined from Dec. 2022 (0.03) to Dec. 2023 (0.02). It may suggest that Bank of Palestine is progressively becoming less dependent on debt to grow their business.

Bank of Palestine LT-Debt-to-Total-Asset Historical Data

The historical data trend for Bank of Palestine'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.

Bank of Palestine LT-Debt-to-Total-Asset Chart

Bank of Palestine Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

Get a 7-Day Free Trial

0.02

0.03

0.02

Bank of Palestine Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.03	0.03	0.02	0.02	0.02

Bank of Palestine LT-Debt-to-Total-Asset Calculation

Bank of Palestine'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 )
	=	146.14	/	7126.061
	=	0.02

Bank of Palestine's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	146.14	/	7126.061
	=	0.02

Bank of Palestine (XPAE:BOP) 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.

Bank of Palestine LT-Debt-to-Total-Asset Related Terms

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

Bank of Palestine (XPAE:BOP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Bank of Palestine (XPAE:BOP) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Ain Misbah, P.O. Box 471, Ramallah, PSE

Website

https://www.bankofpalestine.com

Bank of Palestine is active in the banking operation in Palestine. The areas of businesses under its portfolio include Retail banking, Corporate banking and Treasury services, which are also its operating segments. The Retail banking is its key segment and generates the maximum revenues through interest received from individual customers' deposits and providing consumer loans, overdrafts, credit card facilities and other services. The Corporate banking segment includes handling loans, credit facilities, deposits and current accounts for corporate, institutional customers and public sector. Under the Treasury service umbrella, the bank provides trading and treasury services and manages the bank's funds and investment.

Bank of Palestine (XPAE:BOP) Headlines

No Headlines