Safwa Islamic Bank (AMM:SIBK) LT-Debt-to-Total-Asset : 0.00 (As of Sep. 2024)

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What is Safwa Islamic 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. Safwa Islamic Bank's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.00.

Safwa Islamic Bank's long-term debt to total assets ratio increased from Sep. 2023 (0.00) to Sep. 2024 (0.00). It may suggest that Safwa Islamic Bank is progressively becoming more dependent on debt to grow their business.

Safwa Islamic Bank LT-Debt-to-Total-Asset Historical Data

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

Safwa Islamic Bank Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.01

0.04

Safwa Islamic Bank Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															-	0.04	-	-	-

Safwa Islamic Bank LT-Debt-to-Total-Asset Calculation

Safwa Islamic 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 )
	=	102.226	/	2928.983
	=

Safwa Islamic Bank's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2024 is calculated as

LT Debt to Total Assets (Q: Sep. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2024 )	/	Total Assets (Q: Sep. 2024 )
	=	9.923	/	3398.555
	=

Safwa Islamic Bank (AMM:SIBK) 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.

Safwa Islamic Bank LT-Debt-to-Total-Asset Related Terms

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Safwa Islamic Bank Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Safwa Islamic Bank (AMM:SIBK) » Definitions » LT-Debt-to-Total-Asset

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Address

Suleiman Al Nabulsi street, P.O Box 1982, Building No 38, Alabdali boulevard, Amman, JOR, 11118

Website

https://www.safwabank.com

Safwa Islamic Bank is engaged in banking corporations that offer banking and financial services including treasury, investment, and financial institutions services such as investment in equities, mutual funds, money markets products, foreign exchange (fx) services, and trustee services for corporations and financial institutions. The bank operates through three business sectors which include Retail accounts, Corporate accounts, and Treasury. The majority of the revenue derives from the Retail segment which includes unrestricted investment accounts, deferred sales receivables, financings, and other services related to retail.

Safwa Islamic Bank Headlines

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