FCNCB (First Citizens BancShares) LT-Debt-to-Total-Asset : 0.17 (As of Dec. 2024)

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What is First Citizens 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 Citizens BancShares's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.17.

First Citizens BancShares's long-term debt to total assets ratio declined from Dec. 2023 (0.18) to Dec. 2024 (0.17). It may suggest that First Citizens BancShares is progressively becoming less dependent on debt to grow their business.

First Citizens BancShares LT-Debt-to-Total-Asset Historical Data

The historical data trend for First Citizens 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 Citizens BancShares LT-Debt-to-Total-Asset Chart

First Citizens BancShares Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

LT-Debt-to-Total-Asset

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0.03

0.02

0.04

0.18

0.17

First Citizens BancShares Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.18	0.17	0.17	0.17	0.17

First Citizens BancShares LT-Debt-to-Total-Asset Calculation

First Citizens BancShares's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (A: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2024 )	/	Total Assets (A: Dec. 2024 )
	=	37041	/	223720
	=	0.17

First Citizens BancShares's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (Q: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2024 )	/	Total Assets (Q: Dec. 2024 )
	=	37041	/	223720
	=	0.17

First Citizens BancShares (OTCPK:FCNCB) 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 Citizens BancShares LT-Debt-to-Total-Asset Related Terms

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First Citizens BancShares Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » First Citizens BancShares Inc (OTCPK:FCNCB) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

FCNCO.PFD:USA FCNCP.PFD:USA FCNCA:USA

Address

4300 Six Forks Road, Raleigh, NC, USA, 27609

Website

https://www.firstcitizens.com

First Citizens BancShares Inc is the bank holding company of First Citizens Bank and Trust Company. The company's segments include the General Bank, the Commercial Bank, SVB Commercial, and Rail. The General Bank segment delivers products and services to consumers and businesses through our extensive network of branches and various digital channels. The Commercial Bank segment provides financial services, including lending, leasing, and advisory, to small and mid-market businesses across various industries. The SVB Commercial provides financial services to innovators, investors, and venture firms. The Rail segment provides tailored leasing and financing for railcars and locomotives across North America. It generates the majority of its revenue from the General Banking segment.