First Bancshares (First Bancshares) LT-Debt-to-Total-Asset : 0.02 (As of Dec. 2023)

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What is First Bancshares 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 Bancshares's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.02.

First Bancshares's long-term debt to total assets ratio declined from Dec. 2022 (0.04) to Dec. 2023 (0.02). It may suggest that First Bancshares is progressively becoming less dependent on debt to grow their business.

First Bancshares LT-Debt-to-Total-Asset Historical Data

The historical data trend for First Bancshares'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 Bancshares LT-Debt-to-Total-Asset Chart

First Bancshares Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.07

0.05

0.02

0.04

0.02

First Bancshares Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.05	0.05	0.06	0.02	0.03

First Bancshares LT-Debt-to-Total-Asset Calculation

First Bancshares'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 )
	=	123.386	/	7999.345
	=	0.02

First Bancshares'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 )
	=	123.386	/	7999.345
	=	0.02

First Bancshares (NAS:FBMS) 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 Bancshares LT-Debt-to-Total-Asset Related Terms

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First Bancshares (First Bancshares) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

6480 U.S. Highway 98 West, Suite A, Hattiesburg, MS, USA, 39402

Website

https://www.thefirstbank.com

First Bancshares Inc operates as a bank holding company. It offers various products and services such as deposit, including checking accounts, savings accounts, and time deposits account for individuals, businesses, associations and organizations, and governmental authorities. It also provides commercial and personal loans, including secured and unsecured loans, consumer loans, and loans for business expansion and purchase of equipment and machinery, and residential mortgage loans. The bank renders services like financial and wealth management, online internet banking, voice response telephone inquiry, safe deposit boxes, traveler's checks, and mobile deposit, and others. It operates in the Commercial/Retail Bank, Mortgage Banking, and Holding company segments.

Executives

Valencia M. Williamson	director	1175 GROVE PARKWAY, JONESBORO GA 30236
Diana Renee Moore	director	106 KIRKWOOD DRIVE, HATTIESBURG MS 39402
Jonathan A Levy	director	PO BOX 428, BOWLING GREEN OH 43402
Cole M Ray Jr	director, officer: PRESIDENT
Andrew D Stetelman	director
Thomas Eugene Mitchell	director	215 EAST FIRST STREET, BAY MINETTE AL 36507
E Ricky Gibson	director
Donna T Rutland	officer: Chief Fiancial Officer	33 NICKLAUS TRAIL, PETAL MS 39465
Rodney D Bennett	director	3701 JAMESTOWN ROAD, HATTIESBURG MS 39402
J Douglas Seidenburg	director
Ted E Parker	director
Charles R Lightsey	director
David W Bomboy	director	17 BRIGHTON COURT, HATTIESBURG MS 39401
Michael W Chancellor	director	P O BOX 643, LAUREL MS 39441
Thoms David O Jr	officer: EVP and Chief Operations Offic	45 OAK CREST DRIVE, LAUREL MS 39440