Federal Agricultural Mortgage (Federal Agricultural Mortgage) LT-Debt-to-Total-Asset : 0.67 (As of Dec. 2023)

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What is Federal Agricultural Mortgage 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. Federal Agricultural Mortgage's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.67.

Federal Agricultural Mortgage's long-term debt to total assets ratio increased from Dec. 2022 (0.66) to Dec. 2023 (0.67). It may suggest that Federal Agricultural Mortgage is progressively becoming more dependent on debt to grow their business.

Federal Agricultural Mortgage LT-Debt-to-Total-Asset Historical Data

The historical data trend for Federal Agricultural Mortgage'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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Federal Agricultural Mortgage LT-Debt-to-Total-Asset Chart

Federal Agricultural Mortgage Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

Get a 7-Day Free Trial

0.95

0.67

0.66

0.67

Federal Agricultural Mortgage Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.66	0.65	0.65	0.67	0.67

Federal Agricultural Mortgage LT-Debt-to-Total-Asset Calculation

Federal Agricultural Mortgage'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 )
	=	19850.86	/	29524.382
	=	0.67

Federal Agricultural Mortgage's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	19850.86	/	29524.382
	=	0.67

Federal Agricultural Mortgage (NYSE:AGM) 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.

Federal Agricultural Mortgage LT-Debt-to-Total-Asset Related Terms

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Federal Agricultural Mortgage (Federal Agricultural Mortgage) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Federal Agricultural Mortgage Corp (NYSE:AGM) » Definitions » LT-Debt-to-Total-Asset

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Address

1999 K Street, North West, 4th Floor, Washington, DC, USA, 20006

Website

https://www.farmermac.com

Federal Agricultural Mortgage Corp provides agricultural real estate and rural housing mortgage loans in the secondary market in the U.S. Its operations consist of seven segments: Farm & Ranch, Corporate AgFinance, Rural Utilities, Renewable Energy, Funding, Investments, and Corporate. The company purchases eligible mortgage loans secured by first liens on agricultural real estate and rural housing under the Farm & Ranch line of business. Its subsidiary purchases the portions of certain agricultural, rural development, business and industry, and community facilities loans guaranteed by the USDA.

Executives

Chester J Culver	director	C/O FARMER MAC, 1999 K STREET NW, 4TH FLOOR, WASHINGTON DC 20006
Robert J Maines	officer: SVP - Operations	C/O BENEFICIAL BANCORP, INC., 1818 MARKET STREET, PHILADELPHIA PA 19103
Zachary Carpenter	officer: Chief Business Officer	C/O FARMER MAC, 1999 K STREET NW, FOURTH FL, WASHINGTON DC 20006
Charles A Stones	director	C/O FARMER MAC 1999 K STREET N.W., FOURTH FLOOR, WASHINGTON DC 20006
Stephen P Mullery	officer: SVP - General Counsel	C/O FARMER MAC, 1999 K STREET N.W., 4TH FLOOR, WASHINGTON DC 20006
Bradford T Nordholm	officer: President and CEO	C/O FARMER MAC 1999 K STREET N.W., FOURTH FLOOR, WASHINGTON DC 20006
Dennis L Brack	director	1999 K STREET, NW, 4TH FLOOR, WASHINGTON, DC 20006
Brian M Brinch	officer: SVP-Business Strategy	C/O FARMER MAC, 1999 K STREET NW, FOURTH FLOOR, WASHINGTON DC 20006
Kerry T Willie	officer: SVP - Chief HR Officer	C/O FARMER MAC 1999 K STREET N.W., FOURTH FLOOR, WASHINGTON DC 20006
Everett M Dobrinski	director	C/O FARMER MAC, 1999 K STREET NW, FOURTH FL, WASHINGTON DC 20006
Sean Datcher	officer: SVP- Chief Information Officer	C/O FARMER MAC 1999 K STREET NW, 4TH FL, WASHINGTON DC 20006
Robert G Sexton	director	C/O FARMER MAC, 1999 K STREET NW, FOURTH FL, WASHINGTON DC 20006
Sara Louise Faivre-davis	director	C/O FARMER MAC, 1999 K STREET, NW, 4TH FLOOR, WASHINGTON DC 20006
James R Engebretsen	director	C/O FARMER MAC, 1999 K STREET, NW, 4TH FLOOR, WASHINGTON DC 20006
Roy H Tiarks	director	C/O FARMER MAC 1999 K STREET NW, 4TH FL, WASHINGTON DC 20006