Bank of N.T Butterfield & Son (Bank of N.T Butterfield & Son) LT-Debt-to-Total-Asset : 0.01 (As of Mar. 2024)

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What is Bank of N.T Butterfield & Son 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 N.T Butterfield & Son's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.01.

Bank of N.T Butterfield & Son's long-term debt to total assets ratio declined from Mar. 2023 (0.01) to Mar. 2024 (0.01). It may suggest that Bank of N.T Butterfield & Son is progressively becoming less dependent on debt to grow their business.

Bank of N.T Butterfield & Son LT-Debt-to-Total-Asset Historical Data

The historical data trend for Bank of N.T Butterfield & Son'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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Bank of N.T Butterfield & Son LT-Debt-to-Total-Asset Chart

Bank of N.T Butterfield & Son Annual Data

Trend

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Dec23

LT-Debt-to-Total-Asset

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0.01

Bank of N.T Butterfield & Son 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															0.01	0.01	0.01	0.01	0.01

Bank of N.T Butterfield & Son LT-Debt-to-Total-Asset Calculation

Bank of N.T Butterfield & Son'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 )
	=	98.49	/	13374.02
	=	0.01

Bank of N.T Butterfield & Son'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 )
	=	98.549	/	13528.072
	=	0.01

Bank of N.T Butterfield & Son (NYSE:NTB) 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 N.T Butterfield & Son LT-Debt-to-Total-Asset Related Terms

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Bank of N.T Butterfield & Son (Bank of N.T Butterfield & Son) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Bank of N.T Butterfield & Son Ltd (NYSE:NTB) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

NTB.BH:Bermuda

Address

65 Front Street, Hamilton, BMU, HM 12

Website

https://www.butterfieldgroup.com

Bank of N.T Butterfield & Son Ltd is a full-service bank and wealth manager. It operates the business through three geographic segments, Bermuda, the Cayman Islands, the Channel Islands, and the UK. The company offers banking services, comprised of retail and corporate banking, and wealth management, which consists of trust, private banking, and asset management. It generates a majority of its revenue from Bermuda, and the Cayman Islands segments.