Orrstown Financial Services (FRA:OFR) LT-Debt-to-Total-Asset : 0.05 (As of Mar. 2024)

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What is Orrstown Financial Services 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. Orrstown Financial Services's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.05.

Orrstown Financial Services's long-term debt to total assets ratio declined from Mar. 2023 (0.07) to Mar. 2024 (0.05). It may suggest that Orrstown Financial Services is progressively becoming less dependent on debt to grow their business.

Orrstown Financial Services LT-Debt-to-Total-Asset Historical Data

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

Orrstown Financial Services Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.10

0.03

0.01

0.05

0.06

Orrstown Financial Services 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															0.07	0.06	0.06	0.06	0.05

Orrstown Financial Services LT-Debt-to-Total-Asset Calculation

Orrstown Financial Services'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 )
	=	155.517	/	2809.908
	=	0.06

Orrstown Financial Services'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 )
	=	135.342	/	2928.665
	=	0.05

Orrstown Financial Services (FRA:OFR) 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.

Orrstown Financial Services LT-Debt-to-Total-Asset Related Terms

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Orrstown Financial Services (FRA:OFR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Orrstown Financial Services Inc (FRA:OFR) » Definitions » LT-Debt-to-Total-Asset

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ORRF:USA

Address

77 East King Street, P.O. Box 250, Shippensburg, PA, USA, 17257

Website

https://www.orrstown.com

Orrstown Financial Services Inc is a holding company engaged in commercial banking and trust business, this involves accepting demand, time and savings deposits, and granting loans. It is also engaged in lending services for commercial, residential, commercial mortgages, construction, municipal, and various forms of consumer lending. Deposit services include checking, savings, time, and money market deposits. It also provides investment and brokerage services through its Financial Advisors division. The company operates in a significant segment - Community Banking.

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