Valley National Bancorp (Valley National Bancorp) LT-Debt-to-Total-Asset : 0.05 (As of Dec. 2023)

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

Valley National Bancorp's long-term debt to total assets ratio increased from Dec. 2022 (0.03) to Dec. 2023 (0.05). It may suggest that Valley National Bancorp is progressively becoming more dependent on debt to grow their business.

Valley National Bancorp LT-Debt-to-Total-Asset Historical Data

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

Valley National Bancorp Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.06

0.04

0.03

0.05

Valley National Bancorp 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															0.03	0.04	0.05	0.05	0.05

Valley National Bancorp LT-Debt-to-Total-Asset Calculation

Valley National 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 )
	=	2789.264	/	60934.974
	=	0.05

Valley National 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 )
	=	2789.264	/	60934.974
	=	0.05

Valley National Bancorp (NAS:VLY) 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.

Valley National Bancorp LT-Debt-to-Total-Asset Related Terms

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Valley National Bancorp (Valley National Bancorp) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Valley National Bancorp (NAS:VLY) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

VLYPO.PFD:USA VLYPP.PFD:USA VNB:Germany VNB:Germany

Address

One Penn Plaza, New York, NY, USA, 10119

Website

https://www.valley.com

Valley National Bancorp is a bank holding company whose principal wholly-owned subsidiary is Valley National Bank. It provides a full range of commercial, retail, and trust and investment services largely through its offices and ATM network throughout northern and central New Jersey, New York City and Long Island, Florida, and Alabama. The segments of the group are commercial lending, consumer lending, investment management, and corporate and other adjustments, of which key interest income is derived from the commercial lending segment. In recent years, the company has focused on acquiring companies that operate outside of traditional banking and has emphasized wealth and capital management.

Executives

Joseph Chillura	officer: SEVP, Chief Ret & Busn Bnkg Of	1455 VALLEY ROAD, WAYNE NJ 07470
Kathleen C Perrott	director	VALLEY NATIONAL BANCORP, 70 SPEEDWELL AVENUE, MORRISTOWN NJ 07960
Suresh L Sani	director	1455 VALLEY ROAD, WAYNE NJ 07470
Avner Mendelson	director	VALLEY NATIONAL BANCORP, 1455 VALLEY ROAD, WAYNE NJ 07470
Peter J Baum	director	1455 VALLEY ROAD, WAYNE NJ 07470
Marc J Lenner	director	1455 VALLEY ROAD, WAYNE NJ 07470
Ira Robbins	officer: EVP - Treasurer	1455 VALLEY ROAD, WAYNE NJ 07470
Eric P Edelstein	director	17 BRENTWOOD DRIVE, N CALDWELL NJ 07006
Peter V Maio	director	VALLEY NATIONAL BANCORP, 1455 VALLEY ROAD, WAYNE NJ 07470
Melissa J Schultz	director	VALLEY NATIONAL BANCORP, 1455 VALLEY ROAD, WAYNE NJ 07470
Sidney S Williams	director	VALLEY NATIONAL BANCORP, 1455 VALLEY ROAD, WAYNE NJ 07470
Jeffrey S Wilks	director	C/O STATE BANCORP, INC., TWO JERICHO PLAZA, JERICHO NY 11753
Jennifer W Steans	director	50 EAST WASHINGTON STREET SUITE 400, C/O FINANCIAL INVESTMENTS CORPORATION, CHICAGO IL 60602
Dafna Landau	director	VALLEY NATIONAL BANCORP, 1455 VALLEY ROAD, WAYNE NJ 07470
Andrew B Abramson	director	1455 VALLEY ROAD, WAYNE NJ 07470