Hingham Institution forvings (Hingham Institution forvings) Debt-to-Asset

: 0.34 (As of Jun. 2023)

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Hingham Institution forvings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was $0.00 Mil. Hingham Institution forvings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was $1,470.00 Mil. Hingham Institution forvings's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Jun. 2023 was $4,310.73 Mil. Hingham Institution forvings's debt to asset for the quarter that ended in Jun. 2023 was 0.34.

Hingham Institution forvings Debt-to-Asset Historical Data

The historical data trend for Hingham Institution forvings's Debt-to-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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Hingham Institution forvings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

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0.20

0.14

0.19

0.30

0.38

Hingham Institution forvings Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Jun23	Dec23
Debt-to-Asset	Get a 7-Day Free Trial															0.29	0.27	0.30	0.34	0.38

Competitive Comparison

For the Banks - Regional subindustry, Hingham Institution forvings's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Hingham Institution forvings Debt-to-Asset Distribution

For the Banks industry and Financial Services sector, Hingham Institution forvings's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where Hingham Institution forvings's Debt-to-Asset falls into.

Hingham Institution forvings Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Hingham Institution forvings's Debt-to-Asset for the fiscal year that ended in Dec. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(0	+	1692.675)	/	4483.947
	=	0.38

Hingham Institution forvings's Debt-to-Asset for the quarter that ended in Jun. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(0	+	1470)	/	4310.727
	=	0.34

Hingham Institution forvings (NAS:HIFS) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

Hingham Institution forvings Debt-to-Asset Related Terms

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Hingham Institution forvings (Hingham Institution forvings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Hingham Institution for Savings (NAS:HIFS) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

HS3:Germany

Address

55 Main Street, Hingham, MA, USA, 02043

Website

https://www.hinghamsavings.com

Hingham Institution for Savings is a savings bank based in Hingham, Massachusetts and is involved in the business of residential and commercial real estate mortgage lending and also financial and banking services. The bank's financial services include personal checking accounts, personal mortgages, home equity lines of credit, money market accounts, savings accounts, certificates of deposit and business checking accounts. Its lending portfolio mainly encompasses commercial real estate, residential owner occupied real estate and loans for construction of residential real estate.