First BanCorp (First BanCorp) Debt-to-Asset : 0.04 (As of Dec. 2023)

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What is First BanCorp Debt-to-Asset?

First BanCorp's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.0 Mil. First BanCorp's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $661.7 Mil. First BanCorp's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Dec. 2023 was $18,909.5 Mil. First BanCorp's debt to asset for the quarter that ended in Dec. 2023 was 0.03.

First BanCorp Debt-to-Asset Historical Data

The historical data trend for First 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.

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First BanCorp Debt-to-Asset Chart

First BanCorp Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

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0.06

0.03

0.02

0.05

0.04

First BanCorp Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Asset	Get a 7-Day Free Trial															0.06	0.04	0.04	0.04	0.04

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

For the Banks - Regional subindustry, First 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.

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

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

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

First BanCorp Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

First 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	+	661.7)	/	18909.549
	=	0.03

First BanCorp's Debt-to-Asset for the quarter 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	+	661.7)	/	18909.549
	=	0.03

First BanCorp (NYSE:FBP) 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 BanCorp Debt-to-Asset Related Terms

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First BanCorp (First BanCorp) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » First BanCorp (NYSE:FBP) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

OLWN:Germany

Address

1519 Ponce de Leon Avenue, Stop 23, San Juan, PRI, 00908

Website

https://www.1firstbank.com

First BanCorp is a financial holding company. The company's operating segment includes Commercial and Corporate Banking; Mortgage Banking; Consumer (Retail) Banking; Treasury and Investments; United States Operations; and Virgin Islands Operations. It generates maximum revenue from the Consumer (Retail) Banking segment. The Consumer (Retail) Banking segment consists of the Corporation's consumer lending and deposit-taking activities conducted mainly through its branch network and loan centres. Geographically, it derives a majority of revenue from Puerto Rico.

Executives

Carlos Power	officer: EVP	P.O. BOX 9146, SAN JUAN PR 00908-0146
Aurelio Aleman	officer: Executive Vice President	P.O. BOX 9146, SAN JUAN PR 00908-0146
Donald Kafka	officer: Chief Operating Officer	PO BOX 9146, SAN JUAN PR 00908
Nayda Rivera	officer: EVP	PO BOX 9146, SAN JUAN PR 00908 0146
John A. Heffern	director	7 TOFTREES COURT, PRINCETON NJ 08540
Tracey A Dedrick	director	C/O HUDSON CITY BANCORP, INC., PARAMUS NJ 07652
Daniel Edward Frye	director	5 APPLEWOOD CIRCLE, EASTSANDWICH MA 02537
Gonzalez Orlando Berges	officer: EVP and CFO	PO BOX 9146, SAN JUAN PR 00908-0146
Roberto R Herencia	director	P.O. BOX 9146, SAN JUAN PR 00908
Patricia Eaves	director	PO BOX 9146, SAN JUAN PR 00908
Said Ortiz	officer: Chief Accounting Officer	PO BOX 9146, SAN JUAN PR 00908
Jose Maria Lacasa	officer: EVP	PO BOX 9146, SAN JUAN PR 00908
Lilian Diaz-bento	officer: EVP	PO BOX 9146, SAN JUAN PR 00908
Juan Carlos Pavia	officer: EVP, Chief Credit Officer	PO BOX 9146, SAN JUAN PR 00908
Sara Alvarez-cabrero	officer: EVP, General Counsel	PO BOX 9146, SAN JUAN PR 00908