Washington Trust Bancorp (FRA:WT1) LT-Debt-to-Total-Asset : 0.17 (As of Dec. 2024)

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What is Washington Trust 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. Washington Trust Bancorp's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.17.

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

Washington Trust Bancorp LT-Debt-to-Total-Asset Historical Data

The historical data trend for Washington Trust 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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Washington Trust Bancorp LT-Debt-to-Total-Asset Chart

Washington Trust Bancorp Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

LT-Debt-to-Total-Asset

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0.11

0.03

0.16

0.17

Washington Trust Bancorp 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															0.17	0.18	0.22	0.19	0.17

Washington Trust Bancorp LT-Debt-to-Total-Asset Calculation

Washington Trust Bancorp'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 )
	=	1124.282	/	6618.768
	=	0.17

Washington Trust Bancorp'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 )
	=	1124.282	/	6618.768
	=	0.17

Washington Trust Bancorp (FRA:WT1) 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.

Washington Trust Bancorp LT-Debt-to-Total-Asset Related Terms

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Washington Trust Bancorp Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Washington Trust Bancorp Inc (FRA:WT1) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

WASH:USA

Address

23 Broad Street, Westerly, RI, USA, 02891

Website

https://www.washtrust.com

Washington Trust Bancorp Inc through its subsidiaries offers banking and financial services to individuals and businesses. It offers a full range of financial services, including commercial banking, mortgage banking, personal banking, and wealth management and trust services, through its offices located in Rhode Island, Connecticut, and Massachusetts. It operates in two segments. The Commercial Banking segment includes lending activities, commercial loans, residential real estate loan deposit activities, and others. The Wealth Management Services segment consists of investment management, financial planning, personal trust, and estate services including services as trustee, personal representative, custodian and guardian, and settlement of decedents' estates.

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