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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.

* Premium members only.

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 0.12 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 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

* 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.


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

Traded in Other Exchanges
N/A
Address
80 East Jericho Turnpike, Mineola, NY, USA, 11501
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