FBPI (First Bancorp of Indiana) LT-Debt-to-Total-Asset : 0.20 (As of Jun. 2024)

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What is First Bancorp of Indiana 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 Bancorp of Indiana's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.20.

First Bancorp of Indiana's long-term debt to total assets ratio increased from Jun. 2022 (0.17) to Jun. 2024 (0.20). It may suggest that First Bancorp of Indiana is progressively becoming more dependent on debt to grow their business.

First Bancorp of Indiana LT-Debt-to-Total-Asset Historical Data

The historical data trend for First Bancorp of Indiana'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 Bancorp of Indiana LT-Debt-to-Total-Asset Chart

First Bancorp of Indiana Annual Data

Trend

Jun04

Jun05

Jun06

Jun07

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

LT-Debt-to-Total-Asset

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0.20

0.14

0.17

0.21

0.20

First Bancorp of Indiana Semi-Annual Data
	Jun98	Jun99	Jun00	Jun01	Jun02	Jun03	Jun04	Jun05	Jun06	Jun07	Jun19	Jun20	Jun21	Jun22	Jun23	Jun24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial											0.20	0.14	0.17	0.21	0.20

First Bancorp of Indiana LT-Debt-to-Total-Asset Calculation

First Bancorp of Indiana's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Jun. 2024 is calculated as

LT Debt to Total Assets (A: Jun. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Jun. 2024 )	/	Total Assets (A: Jun. 2024 )
	=	129.894	/	635.318
	=	0.20

First Bancorp of Indiana's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2024 is calculated as

LT Debt to Total Assets (Q: Jun. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2024 )	/	Total Assets (Q: Jun. 2024 )
	=	129.894	/	635.318
	=	0.20

First Bancorp of Indiana (OTCPK:FBPI) 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.

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First Bancorp of Indiana Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » First Bancorp of Indiana Inc (OTCPK:FBPI) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

5001 Davis Lant Drive, Evansville, IN, USA, 47715

Website

https://www.firstfedevansville.com

First Bancorp of Indiana Inc is a banking company. It provides full banking services and generates commercial, mortgage, and consumer loans, and receives deposits from customers. The company accepts various deposit products, including checking, money market, savings, health savings, and individual retirement accounts (IRA); certificates of deposit; and commercial checking, community first checking, and small business checking accounts.