Lakeland Bancorp (Lakeland Bancorp) LT-Debt-to-Total-Asset

: 0.05 (As of Dec. 2023)

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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. Lakeland Bancorp's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.05.

Lakeland Bancorp's long-term debt to total assets ratio increased from Dec. 2022 (0.02) to Dec. 2023 (0.05). It may suggest that Lakeland Bancorp is progressively becoming more dependent on debt to grow their business.

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

The historical data trend for Lakeland 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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Lakeland Bancorp Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.05

0.02

0.03

0.02

0.05

Lakeland Bancorp 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															0.02	0.02	0.05	0.05	0.05

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

Lakeland Bancorp'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 )
	=	536.596	/	11138.567
	=	0.05

Lakeland Bancorp'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 )
	=	536.596	/	11138.567
	=	0.05

Lakeland Bancorp (NAS:LBAI) 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.

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

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Lakeland Bancorp (Lakeland Bancorp) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

250 Oak Ridge Road, Oak Ridge, NJ, USA, 07438

Website

https://www.lakelandbank.com

Lakeland Bancorp Inc is a bank holding company. It offers retail banking, business banking, and investment programs. The company's services are lending, depository, short and medium term loans, line and letters of credit, inventory and accounts receivable financing, construction and mortgage loans, merchant credit card services, checking account, savings accounts, now accounts, money market accounts, certificate of deposits, safe deposit, consumer installment loans and also wire transfer, internet and mobile banking, night depository services and investment and advisory services. The company operates through offices located in New Jersey and New York. Its primary source of revenue is interest income generated from loans, leases and investment securities.

Executives

Paul Ho-sing-loy	officer: EVP Chief Information Officer	C/O LAKELAND BANCORP, INC., 250 OAK RIDGE ROAD, OAK RIDGE NJ 07438
Mary Ann Deacon	director	LAKELAND BANK, 250 OAK RIDGE RD, OAK RIDGE NJ 07438
Brian Gragnolati	director	C/O LAKELAND BANCORP, INC., 250 OAK RIDGE ROAD, OAK RIDGE NJ 07438
Hanson James E. Ii	director	C/O LAKELAND BANCORP, INC., 250 OAK RIDGE ROAD, OAK RIDGE NJ 07438
Robert F Mangano	director	C/O 1ST CONSTITUTION BANCORP, 2650 ROUTE 130, CRANBURY NJ 08512
John F Rath	officer: EVP/Chief Loan Officer	C/O LAKELAND BANCORP, INC., 250 OAK RIDGE ROAD, OAK RIDGE NJ 07438
James M. Nigro	officer: EVP Chief Risk Officer	C/O LAKELAND BANCORP, INC., 250 OAK RIDGE ROAD, OAK RIDGE NJ 07438
Timothy J Matteson	officer: EVP, CAO & General Counsel	1000 MACARTHUR BLVD., MAHWAH NJ 07430
Ellen Lalwani	officer: EVP/Chief Banking Officer	C/O LAKELAND BANCORP, INC., 250 OAK RIDGE ROAD, OAK RIDGE NJ 07438
Thomas Jr Splaine	officer: EVP and CFO	101 JFK PARKWAY, SHORT HILLS NJ 07078
Janeth C Hendershot	director	250 OAK RIDGE ROAD, OAK RIDGE NJ 07438
Nicholson Robert K Iii	director
Bruce D. Bohuny	director	250 OAK RIDGE ROAD, OAK RIDGE NJ 07438
Thomas Shara	officer: President and CEO	92 FROST COURT, WYCOFF NJ 07481
Brian Flynn	director	350 RODNEY ROAD, WYCOFF NJ 07481