Zions Bancorp NA (FRA:ZB1) LT-Debt-to-Total-Asset : 0.01 (As of Dec. 2023)

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What is Zions Bancorp NA 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. Zions Bancorp NA's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.01.

Zions Bancorp NA's long-term debt to total assets ratio declined from Dec. 2022 (0.01) to Dec. 2023 (0.01). It may suggest that Zions Bancorp NA is progressively becoming less dependent on debt to grow their business.

Zions Bancorp NA LT-Debt-to-Total-Asset Historical Data

The historical data trend for Zions Bancorp NA'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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Zions Bancorp NA LT-Debt-to-Total-Asset Chart

Zions Bancorp NA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.03

0.02

0.01

Zions Bancorp NA 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															0.01	0.01	0.01	0.01	0.01

Zions Bancorp NA LT-Debt-to-Total-Asset Calculation

Zions Bancorp NA'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 )
	=	497.014	/	79965.151
	=	0.01

Zions Bancorp NA's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	497.014	/	79965.151
	=	0.01

Zions Bancorp NA (FRA:ZB1) 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.

Zions Bancorp NA LT-Debt-to-Total-Asset Related Terms

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Zions Bancorp NA (FRA:ZB1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Zions Bancorp NA (FRA:ZB1) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

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Address

One South Main Street, Salt Lake City, UT, USA, 84133-1109

Website

https://www.zionsbancorporation.com

Zions Bancorporation is a regional U.S. bank with core operations that span 11 states. The bank is headquartered in Salt Lake City and does business primarily in the Western and Southwestern United States. Zions primarily focuses on providing banking services to small and midsize businesses, with the majority of its loans focused on commercial and commercial real estate lending.

Zions Bancorp NA (FRA:ZB1) Headlines

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