FRCPD.CL.PFD (First Republic Bank) LT-Debt-to-Total-Asset : 0.04 (As of Dec. 2022)

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What is First Republic 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 Republic Bank's long-term debt to total assests ratio for the quarter that ended in Dec. 2022 was 0.04.

First Republic Bank's long-term debt to total assets ratio increased from Dec. 2021 (0.03) to Dec. 2022 (0.04). It may suggest that First Republic Bank is progressively becoming more dependent on debt to grow their business.

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

The historical data trend for First Republic 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.

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

First Republic Bank Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

LT-Debt-to-Total-Asset

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0.11

0.12

0.10

0.03

0.04

First Republic Bank Quarterly Data
	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.03	0.03	0.03	0.04	0.04

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

First Republic Bank's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2022 is calculated as

LT Debt to Total Assets (A: Dec. 2022 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2022 )	/	Total Assets (A: Dec. 2022 )
	=	8579	/	212639
	=	0.04

First Republic Bank's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2022 is calculated as

LT Debt to Total Assets (Q: Dec. 2022 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2022 )	/	Total Assets (Q: Dec. 2022 )
	=	8579	/	212639
	=	0.04

First Republic Bank (NYSE:FRCpD.CL.PFD) 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 Republic Bank LT-Debt-to-Total-Asset Related Terms

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First Republic Bank Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » First Republic Bank (NYSE:FRCpD.CL.PFD) » Definitions » LT-Debt-to-Total-Asset

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Address

111 Pine Street, 2nd Floor, San Francisco, CA, USA, 94111

Website

https://www.firstrepublic.com

First Republic Bank offers private banking and wealth management services to high-net-worth clients. Services are offered in the San Francisco, New York City, and Los Angeles markets. The bank was founded in 1985.