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OFG (OFG Bancorp) Debt-to-Asset : 0.03 (As of Sep. 2024)


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What is OFG Bancorp Debt-to-Asset?

OFG Bancorp's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $0.0 Mil. OFG Bancorp's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $293.4 Mil. OFG Bancorp's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Sep. 2024 was $11,461.4 Mil. OFG Bancorp's debt to asset for the quarter that ended in Sep. 2024 was 0.03.

OFG Bancorp Debt-to-Asset Historical Data

The historical data trend for OFG Bancorp'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.

* Premium members only.

OFG Bancorp Debt-to-Asset Chart

OFG Bancorp Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.02 0.01 0.01 0.01 0.02

OFG Bancorp 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 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 0.03 0.02 0.02 0.02 0.03

Competitive Comparison of OFG Bancorp's Debt-to-Asset

For the Banks - Regional subindustry, OFG Bancorp'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.

OFG Bancorp's Debt-to-Asset Distribution in the Banks Industry

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

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


OFG Bancorp Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

OFG Bancorp'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 + 224.799) / 11344.453
=0.02

OFG Bancorp'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
=(0 + 293.431) / 11461.382
=0.03

* 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.

OFG Bancorp  (NYSE:OFG) 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.

OFG Bancorp Debt-to-Asset Related Terms

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

OFG Bancorp Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » OFG Bancorp (NYSE:OFG) » Definitions » Debt-to-Asset
Comparable Companies
HTH CASH LOB FBNC FCF CLBK SYBT CHCO EFSC LKFN NSE:HDFCBANK SHSE:600036 NSE:ICICIBANK SAU:1120 SGX:D05 NSE:SBIN PNC USB ISX:BBCA HKSE:01658
Traded in Other Exchanges
OFP:Germany
Address
254 Munoz Rivera Avenue, San Juan, PRI, 00918
Website
https://www.ofgbancorp.com
OFG Bancorp is a financial holding company, through its subsidiaries provides banking and financial services. It operates through three segments namely Banking, Wealth Management, and Treasury. It serves to clients such as commercial, consumer, auto, and mortgage lending, checking and savings accounts, financial planning, insurance, financial services, and investment brokerage, and corporate and individual trust and retirement services. It provides services in the region of Puerto Rico.
Executives
Jorge Colon director PO BOX 195115, SAN JUAN PR 00919-5115
Ganesh Kumar officer: CFO & EVP P.O. BOX 195115, SAN JUAN PR 00919-5115
Jose Rafael Fernandez officer: Senior Executive VP PO BOX 195115, SAN JUAN PR 00919-5115
Jesus Nestor De director P.O. BOX 195115, SAN JUAN PR 00919-5115
Cesar A Ortiz officer: SVP & Chief Risk Officer PO BOX 195115, SAN JUAN PR 00919
Maritza Arizmendi officer: EVP & CFO PO BOX 195115, SAN JUAN PR 00919-5115
Julian Inclan director, DIRECTOR P.O. BOX 195115, SAN JUAN PR 00919-5115
Patrick J. Haggarty officer: Managing Director Comm. Bankin P.O.BOX 195115, SAN JUAN PR 00919-5115
Angel E. Vazquez director P.O. BOX 195115, SAN JUAN PR 00919-5115
Edwin Perez director P.O. BOX 195115, SAN JUAN PR 00919-5115
Ada Garcia officer: Managing Dir Customer Intelli P.O. BOX 195115, SAN JUAN PR 00919-5115
Hugh Gonzalez officer: General Counsel P.O. BOX 195115, SAN JUAN PR 00919-5115
Annette Franqui director 811 MAIN STREET, SUITE 3000, HOUSTON TX 77002
Rafael A Velez-dominguez director P.O. BOX 195115, SAN JUAN PR 00919-5115
Sue Harnett director P.O. BOX 195115, SAN JUAN PR 00919-5115