Independent Bank Group (FRA:I3B) LT-Debt-to-Total-Asset : 0.03 (As of Mar. 2024)

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What is Independent Bank Group 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. Independent Bank Group's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.03.

Independent Bank Group's long-term debt to total assets ratio declined from Mar. 2023 (0.11) to Mar. 2024 (0.03). It may suggest that Independent Bank Group is progressively becoming less dependent on debt to grow their business.

Independent Bank Group LT-Debt-to-Total-Asset Historical Data

The historical data trend for Independent Bank Group'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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Independent Bank Group LT-Debt-to-Total-Asset Chart

Independent Bank Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.04

0.03

Independent Bank Group 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															0.11	0.07	0.03	0.03	0.03

Independent Bank Group LT-Debt-to-Total-Asset Calculation

Independent Bank Group'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 )
	=	589.345	/	17455.189
	=	0.03

Independent Bank Group's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (Q: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2024 )	/	Total Assets (Q: Mar. 2024 )
	=	507.511	/	17361.736
	=	0.03

Independent Bank Group (FRA:I3B) 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.

Independent Bank Group LT-Debt-to-Total-Asset Related Terms

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Independent Bank Group (FRA:I3B) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Independent Bank Group Inc (FRA:I3B) » Definitions » LT-Debt-to-Total-Asset

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IBTX:USA

Address

7777 Henneman Way, McKinney, TX, USA, 75070-1711

Website

https://www.independent-bank.com

Independent Bank Group Inc is a bank holding company. It offers services such as checking and savings accounts, debit cards, online banking, including online account opening, mobile banking, eStatements and bank-by-mail and direct deposit services. The Company also offers business accounts and management services, including analyzed business checking, business savings, and treasury management services. The bank generates its revenue in the form of net interest income.

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