First Bank (First Bank) LT-Debt-to-Total-Asset : 0.07 (As of Dec. 2023)

View and export this data going back to 2007. Start your Free Trial

What is First Bank 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. First Bank's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.07.

First Bank's long-term debt to total assets ratio increased from Dec. 2022 (0.04) to Dec. 2023 (0.07). It may suggest that First Bank is progressively becoming more dependent on debt to grow their business.

First Bank LT-Debt-to-Total-Asset Historical Data

The historical data trend for First Bank'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.

* Premium members only.

First Bank LT-Debt-to-Total-Asset Chart

First Bank Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

Get a 7-Day Free Trial

0.06

0.08

0.05

0.04

0.07

First Bank Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.04	0.09	0.05	0.05	0.07

First Bank LT-Debt-to-Total-Asset Calculation

First Bank'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 )
	=	234.401	/	3609.327
	=	0.06

First Bank'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 )
	=	234.401	/	3609.327
	=	0.06

First Bank (NAS:FRBA) 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.

First Bank LT-Debt-to-Total-Asset Related Terms

Thank you for viewing the detailed overview of First Bank's LT-Debt-to-Total-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

First Bank (First Bank) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » First Bank (NAS:FRBA) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

2465 Kuser Road, Hamilton, NJ, USA, 08690

Website

https://www.firstbanknj.com

First Bank is a full-service commercial bank, with an emphasis on providing personal and business financial services to individuals and small to mid-sized businesses in Gloucester, Atlantic and Camden Counties in New Jersey. The Bank provides its customers with a variety of financial services targeting all segments of the retail and corporate market. Its Business Banking offers commercial deposit accounts, business loans, online banking, cash management.

Executives

Terrance M Mccarthy

director, officer: Senior EVP/COO

550 MONTGOMERY ST, SAN FRANCISCO CA 94111