HNVR (Hanover Bancorp) LT-Debt-to-Total-Asset : 0.07 (As of Sep. 2024)

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What is Hanover 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. Hanover Bancorp's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.07.

Hanover Bancorp's long-term debt to total assets ratio declined from Sep. 2023 (0.10) to Sep. 2024 (0.07). It may suggest that Hanover Bancorp is progressively becoming less dependent on debt to grow their business.

Hanover Bancorp LT-Debt-to-Total-Asset Historical Data

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

Hanover Bancorp Annual Data

Trend

Sep20

Sep21

Sep22

Sep23

Dec24

LT-Debt-to-Total-Asset

0.12

0.07

0.10

0.06

Hanover 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															0.07	0.08	0.08	0.07	0.06

Hanover Bancorp LT-Debt-to-Total-Asset Calculation

Hanover Bancorp's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Sep. 2023 is calculated as

LT Debt to Total Assets (A: Sep. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Sep. 2023 )	/	Total Assets (A: Sep. 2023 )
	=	215.369	/	2149.535
	=	0.10

Hanover Bancorp's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2024 is calculated as

LT Debt to Total Assets (Q: Sep. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2024 )	/	Total Assets (Q: Sep. 2024 )
	=	159.952	/	2327.814
	=	0.07

Hanover Bancorp (NAS:HNVR) 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.

Hanover Bancorp LT-Debt-to-Total-Asset Related Terms

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Hanover Bancorp Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Hanover Bancorp Inc (NAS:HNVR) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

80 East Jericho Turnpike, Mineola, NY, USA, 11501

Website

https://www.hanoverbank.com

Hanover Bancorp Inc is a United States-based banking company. It offers a full range of financial services and employs a complete suite of consumer and commercial banking products and services, including multi-family and commercial mortgages, residential loans, business loans, and lines of credit.

Executives

Robert Golden	director	C/O GOLDEN PROPERTIES GROUP, LLC, 420 DOUGHTY BLVD., INWOOD NY 11096
Katz Michael David M.d.	director	C/O HANOVER BANCORP, INC., 80 EAST JERICHO TURNPIKE, MINEOLA NY 11501
Elena Sisti	director	C/O HANOVER BANCORP, INC., 80 EAST JERICHO TURNPIKE, MINEOLA NY 11501
Philip A Okun	director	C/O HANOVER BANCORP, INC., 80 EAST JERICHO TURNPIKE, MINEOLA NY 11501
Lance P Burke	officer: EVP & Chief Financial Officer	C/O HANOVER BANCORP, INC., 80 EAST JERICHO TURNPIKE, MINEOLA NY 11501
Michael P Puorro	director, officer: Chairman & CEO	C/O NEW YORK COMMUNITY BANCORP, INC., 615 MERRICK AVENUE, WESTBURY NY 11590
Mcclelland W Wilcox	officer: SEVP, C.Lending & Revenue Off.	C/O HANOVER BANCORP, INC., 80 EAST JERICHO TURNPIKE, MINEOLA NY 11501
John P Vivona	officer: FSVP & Chief Risk Officer	C/O HANOVER BANCORP, INC., 80 E JERICHO TURNPIKE, MINEOLA NY 11501
Alice T Rouse	officer: EVP & Chief Risk Officer	C/O HANOVER BANCORP, INC., 80 EAST JERICHO TURNPIKE, MINEOLA NY 11501
Metin Negrin	director	C/O HANOVER BANCORP, INC., 80 EAST JERICHO TURNPIKE, MINEOLA NY 11501
Lisa A Diiorio	officer: FSVP & Chief Accounting Off.	C/O HANOVER BANCORP, INC., 80 EAST JERICHO TURNPIKE, MINEOLA NY 11501
John R Sorrenti	director	C/O HANOVER BANCORP, INC., 80 EAST JERICHO TURNPIKE, MINEOLA NY 11501
Varkey Abraham	director	C/O HANOVER BANCORP, INC., 80 EAST JERICHO TURNPIKE, MINEOLA NY 11501
Kevin Corbett	officer: EVP & Chief Credit Officer	C/O HANOVER BANCORP, INC., 80 EAST JERICHO TURNPIKE, MINEOLA NY 11501
Brian K Finneran	officer: President	C/O SUFFOLK BANCORP, 4 WEST SECOND STREET, P.O. BOX 9000, RIVERHEAD NY 11901