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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. Lakeland Bancorp's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.05.
Lakeland Bancorp's long-term debt to total assets ratio increased from Dec. 2022 (0.02) to Dec. 2023 (0.05). It may suggest that Lakeland Bancorp is progressively becoming more dependent on debt to grow their business.
The historical data trend for Lakeland Bancorp'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.
Lakeland Bancorp Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
LT-Debt-to-Total-Asset | Get a 7-Day Free Trial | 0.05 | 0.02 | 0.03 | 0.02 | 0.05 |
Lakeland Bancorp 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 | 0.02 | 0.02 | 0.05 | 0.05 | 0.05 |
Lakeland Bancorp'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 ) |
= | 536.596 | / | 11138.567 | |
= | 0.05 |
Lakeland Bancorp'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 ) |
= | 536.596 | / | 11138.567 | |
= | 0.05 |
* 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.
Lakeland Bancorp (NAS:LBAI) 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.
Thank you for viewing the detailed overview of Lakeland Bancorp's LT-Debt-to-Total-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Paul Ho-sing-loy | officer: EVP Chief Information Officer | C/O LAKELAND BANCORP, INC., 250 OAK RIDGE ROAD, OAK RIDGE NJ 07438 |
Mary Ann Deacon | director | LAKELAND BANK, 250 OAK RIDGE RD, OAK RIDGE NJ 07438 |
Brian Gragnolati | director | C/O LAKELAND BANCORP, INC., 250 OAK RIDGE ROAD, OAK RIDGE NJ 07438 |
Hanson James E. Ii | director | C/O LAKELAND BANCORP, INC., 250 OAK RIDGE ROAD, OAK RIDGE NJ 07438 |
Robert F Mangano | director | C/O 1ST CONSTITUTION BANCORP, 2650 ROUTE 130, CRANBURY NJ 08512 |
John F Rath | officer: EVP/Chief Loan Officer | C/O LAKELAND BANCORP, INC., 250 OAK RIDGE ROAD, OAK RIDGE NJ 07438 |
James M. Nigro | officer: EVP Chief Risk Officer | C/O LAKELAND BANCORP, INC., 250 OAK RIDGE ROAD, OAK RIDGE NJ 07438 |
Timothy J Matteson | officer: EVP, CAO & General Counsel | 1000 MACARTHUR BLVD., MAHWAH NJ 07430 |
Ellen Lalwani | officer: EVP/Chief Banking Officer | C/O LAKELAND BANCORP, INC., 250 OAK RIDGE ROAD, OAK RIDGE NJ 07438 |
Thomas Jr Splaine | officer: EVP and CFO | 101 JFK PARKWAY, SHORT HILLS NJ 07078 |
Janeth C Hendershot | director | 250 OAK RIDGE ROAD, OAK RIDGE NJ 07438 |
Nicholson Robert K Iii | director | |
Bruce D. Bohuny | director | 250 OAK RIDGE ROAD, OAK RIDGE NJ 07438 |
Thomas Shara | officer: President and CEO | 92 FROST COURT, WYCOFF NJ 07481 |
Brian Flynn | director | 350 RODNEY ROAD, WYCOFF NJ 07481 |
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