GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Huntington Bancshares Inc (STU:HU3) » Definitions » LT-Debt-to-Total-Asset

Huntington Bancshares (STU:HU3) LT-Debt-to-Total-Asset : 0.08 (As of Sep. 2024)


View and export this data going back to 1990. Start your Free Trial

What is Huntington Bancshares 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. Huntington Bancshares's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.08.

Huntington Bancshares's long-term debt to total assets ratio increased from Sep. 2023 (0.07) to Sep. 2024 (0.08). It may suggest that Huntington Bancshares is progressively becoming more dependent on debt to grow their business.


Huntington Bancshares LT-Debt-to-Total-Asset Historical Data

The historical data trend for Huntington Bancshares'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.

Huntington Bancshares LT-Debt-to-Total-Asset Chart

Huntington Bancshares Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
LT-Debt-to-Total-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.09 0.07 0.04 0.05 0.07

Huntington Bancshares 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.07 0.07 0.08 0.08 0.08

Huntington Bancshares LT-Debt-to-Total-Asset Calculation

Huntington Bancshares'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 )
=11365.298/173650.456
=0.07

Huntington Bancshares'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 )
=14106.056/180682.035
=0.08

* 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.


Huntington Bancshares  (STU:HU3) 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.


Huntington Bancshares LT-Debt-to-Total-Asset Related Terms

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


Huntington Bancshares Business Description

Address
41 South High Street, Columbus, OH, USA, 43287
Huntington Bancshares Inc is a regional bank holding company headquartered in Columbus, Ohio. The bank operates in two business segments: Consumer & Regional Banking and Commercial Banking. The bank derives the maximum of its revenue from the Consumer & Business Banking segment. The other segment of the bank consists of Treasury and others. The bank also provides auto dealer, equipment finance, investment management, trust, brokerage, capital market services, and other services.

Huntington Bancshares Headlines

No Headlines