FFDF (FFD Financial) LT-Debt-to-Total-Asset : 0.02 (As of Jun. 2023)

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What is FFD Financial 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. FFD Financial's long-term debt to total assests ratio for the quarter that ended in Jun. 2023 was 0.02.

FFD Financial's long-term debt to total assets ratio increased from Mar. 2022 (0.00) to Jun. 2023 (0.02). It may suggest that FFD Financial is progressively becoming more dependent on debt to grow their business.

FFD Financial LT-Debt-to-Total-Asset Historical Data

The historical data trend for FFD Financial'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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FFD Financial LT-Debt-to-Total-Asset Chart

FFD Financial Annual Data

Trend

Jun10

Jun11

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

LT-Debt-to-Total-Asset

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0.03

0.02

0.01

FFD Financial Quarterly Data
	Mar11	Jun11	Sep11	Dec11	Mar12	Jun17	Jun18	Jun19	Mar20	Jun20	Dec20	Mar21	Jun21	Dec21	Mar22	Jun22	Dec22	Mar23	Jun23	Jun24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.02	0.03	0.04	0.02	0.01

FFD Financial LT-Debt-to-Total-Asset Calculation

FFD Financial'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 )
	=	5.017	/	785.661
	=	0.01

FFD Financial's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2023 is calculated as

LT Debt to Total Assets (Q: Jun. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2023 )	/	Total Assets (Q: Jun. 2023 )
	=	15.041	/	733.462
	=	0.02

FFD Financial (OTCPK:FFDF) 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.

FFD Financial LT-Debt-to-Total-Asset Related Terms

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FFD Financial Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » FFD Financial Corp (OTCPK:FFDF) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

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Address

141 W Ohio Avenue, PO Box 38, Dover, OH, USA, 44622

Website

https://www.firstfed.com

FFD Financial Corp is a bank holding company. It acts as a holding company for First Federal Community Bank. The bank offers personal and business banking products and services. The company's personal products and services include personal checking, debit cards, credit cards, personal savings, personal loans, and account services. The business products and services include business checking, business debit cards, business credit cards, business savings, business loans, account services, and cash management. The bank also offers loans and mortgages, which include personal loans, credit cards, and business loans. Its services and tools include account services and cash management.