FHNPB.PFD (First Horizon) Debt-to-Asset : 0.02 (As of Sep. 2024)

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What is First Horizon Debt-to-Asset?

First Horizon's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $675.00 Mil. First Horizon's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $1,202.00 Mil. First Horizon's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Sep. 2024 was $82,635.00 Mil. First Horizon's debt to asset for the quarter that ended in Sep. 2024 was 0.02.

First Horizon Debt-to-Asset Historical Data

The historical data trend for First Horizon'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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First Horizon Debt-to-Asset Chart

First Horizon Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

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0.10

0.02

0.03

0.02

First Horizon Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Debt-to-Asset	Get a 7-Day Free Trial															0.02	0.02	0.02	0.04	0.02

Competitive Comparison of First Horizon's Debt-to-Asset

For the Banks - Regional subindustry, First Horizon'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.

First Horizon's Debt-to-Asset Distribution in the Banks Industry

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

* The bar in red indicates where First Horizon's Debt-to-Asset falls into.

First Horizon Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

First Horizon'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
	=	(326	+	1150)	/	81661
	=	0.02

First Horizon's Debt-to-Asset for the quarter that ended in Sep. 2024 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(675	+	1202)	/	82635
	=	0.02

First Horizon (NYSE:FHNpB.PFD) 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.

First Horizon Debt-to-Asset Related Terms

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First Horizon Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » First Horizon Corp (NYSE:FHNpB.PFD) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

FHNpF.PFD:USA FHNpC.PFD:USA FHNpE.PFD:USA FHN:USA FT2:Germany

Address

165 Madison Avenue, Memphis, TN, USA, 38103

Website

https://www.firsthorizon.com

First Horizon Corp is the parent company of First Tennessee Bank, a prominent regional bank with about 200 branches around Tennessee. The regional bank is responsible for roughly 65% of its revenue, while capital markets make a 25% contribution. The remainder is split between the firm's non-strategic (wind-down) and corporate operations. First Horizon concentrates on offering a variety of banking products mainly in its home state, where it has the second- largest deposit franchise with a 13% deposit market share.