FITBP.PFD (Fifth Third Bancorp) LT-Debt-to-Total-Asset : 0.08 (As of Sep. 2024)

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What is Fifth Third Bancorp 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. Fifth Third Bancorp's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.08.

Fifth Third Bancorp's long-term debt to total assets ratio increased from Sep. 2023 (0.08) to Sep. 2024 (0.08). It may suggest that Fifth Third Bancorp is progressively becoming more dependent on debt to grow their business.

Fifth Third Bancorp LT-Debt-to-Total-Asset Historical Data

The historical data trend for Fifth Third Bancorp'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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Fifth Third Bancorp LT-Debt-to-Total-Asset Chart

Fifth Third Bancorp Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.09

0.07

0.06

0.07

0.08

Fifth Third Bancorp 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															0.08	0.08	0.07	0.08	0.08

Fifth Third Bancorp LT-Debt-to-Total-Asset Calculation

Fifth Third Bancorp'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 )
	=	16380	/	214574
	=	0.08

Fifth Third Bancorp'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 )
	=	17096	/	214318
	=	0.08

Fifth Third Bancorp (NAS:FITBP.PFD) 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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Fifth Third Bancorp Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Fifth Third Bancorp (NAS:FITBP.PFD) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

38 Fountain Square Plaza, Cincinnati, OH, USA, 45263

Website

https://www.53.com

Fifth Third Bancorp is a diversified financial-services company headquartered in Cincinnati. The company has over $200 billion in assets and operates numerous full-service banking branches and ATMs throughout Ohio, Kentucky, Indiana, Michigan, Illinois, Florida, Tennessee, West Virginia, Georgia, and North Carolina.