FBIZ (First Business Financial Services) LT-Debt-to-Total-Asset : 0.10 (As of Sep. 2024)

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What is First Business Financial Services 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. First Business Financial Services's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.10.

First Business Financial Services's long-term debt to total assets ratio declined from Sep. 2023 (0.11) to Sep. 2024 (0.10). It may suggest that First Business Financial Services is progressively becoming less dependent on debt to grow their business.

First Business Financial Services LT-Debt-to-Total-Asset Historical Data

The historical data trend for First Business Financial Services'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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First Business Financial Services LT-Debt-to-Total-Asset Chart

First Business Financial Services Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.16

0.17

0.16

0.10

First Business Financial Services 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															0.11	0.10	0.11	0.09	0.10

First Business Financial Services LT-Debt-to-Total-Asset Calculation

First Business Financial Services'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 )
	=	339.87	/	3507.846
	=	0.10

First Business Financial Services'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 )
	=	357.163	/	3715.724
	=	0.10

First Business Financial Services (NAS:FBIZ) 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.

First Business Financial Services LT-Debt-to-Total-Asset Related Terms

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First Business Financial Services Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » First Business Financial Services Inc (NAS:FBIZ) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

401 Charmany Drive, Madison, WI, USA, 53719

Website

https://www.firstbusiness.bank

First Business Financial Services Inc operates as a bank holding company. The Bank operates as a business bank, focusing on delivering a full line of commercial banking products including commercial loans and commercial real estate loans, to meet the specific needs of small and medium-sized businesses, business owners, executives, professionals, and high-net-worth individuals. The company's products and services include commercial lending, SBA lending and servicing, asset-based lending, equipment financing, factoring, trust, and investment services, treasury management services, and a broad range of deposit products. Geographically all the business activity functioned through the region of the United States.

Executives

William Kent Lorenz	director	401 CHARMANY DRIVE, MADISON WI 53719
Chambas Corey A	director, officer: President and CEO	401 CHARMANY DRIVE, MADISON WI 53719
James Edward Hartlieb	officer: President-First Business Bank	401 CHARMANY DRIVE, MADISON WI 53719
Carol P Sanders	director	PO BOX 2568, MADISON WI 53701-2568
Daniel Ovokaitys	officer: Chief Information Officer	401 CHARMANY DRIVE, MADISON WI 53719
Mark J Meloy	officer: Pres. & CEO-First Bus. Bank	401 CHARMANY DRIVE, MADISON WI 53719
Kevin D Crampton	officer: Chief Accounting Officer	401 CHARMANY DRIVE, MADISON WI 53719
Jodi A Chandler	officer: SVP Hum. Res. & Administration	401 CHARMANY DRIVE, MADISON WI 53719
Gerald L Kilcoyne	director	5736 TUSCANY LANE, WAUNAKEE WI 53597
Carla C Sanders	director	ONE AMC WAY, 11500 ASH STREET, LEAWOOD KS 66211
John J Harris	director	4248 FRANKLIN AVE., WESTERN SPRINGS IL 60558
Laura M. Garcia	officer: Chief Risk Officer	401 CHARMANY DRIVE, MADISON WI 53719
Barbara Mccarty Conley	officer: SVP Corp. Sec. & Gen.Couns.	401 CHARMANY DRIVE, MADISON WI 53719
Daniel P. Olszewski	director	401 CHARMANY DRIVE, MADISON WI 53719
Brian D. Spielmann	officer: Chief Accounting Officer	401 CHARMANY DRIVE, MADISON WI 53719