OCFCP.PFD (OceanFirst Financial) LT-Debt-to-Total-Asset : 0.09 (As of Dec. 2024)

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What is OceanFirst Financial 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. OceanFirst Financial's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.09.

OceanFirst Financial's long-term debt to total assets ratio increased from Dec. 2023 (0.07) to Dec. 2024 (0.09). It may suggest that OceanFirst Financial is progressively becoming more dependent on debt to grow their business.

OceanFirst Financial LT-Debt-to-Total-Asset Historical Data

The historical data trend for OceanFirst Financial'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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OceanFirst Financial LT-Debt-to-Total-Asset Chart

OceanFirst Financial Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

LT-Debt-to-Total-Asset

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0.02

0.11

0.07

0.09

OceanFirst Financial 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	0.09	0.10	0.09

OceanFirst Financial LT-Debt-to-Total-Asset Calculation

OceanFirst Financial's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (A: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2024 )	/	Total Assets (A: Dec. 2024 )
	=	1199.032	/	13421.247
	=	0.09

OceanFirst Financial's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (Q: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2024 )	/	Total Assets (Q: Dec. 2024 )
	=	1199.032	/	13421.247
	=	0.09

OceanFirst Financial (NAS:OCFCP.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.

OceanFirst Financial LT-Debt-to-Total-Asset Related Terms

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OceanFirst Financial Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » OceanFirst Financial Corp (NAS:OCFCP.PFD) » Definitions » LT-Debt-to-Total-Asset

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OCFC:USA

Address

110 West Front Street, Red Bank, NJ, USA, 07701

Website

https://www.oceanfirst.com

OceanFirst Financial Corp is engaged in the banking sector of the United States. It conducts the business of attracting retail and business deposits and investing them in loans, consisting of single-family, owner-occupied residential mortgage loans, and commercial real estate loans. The company's sole segment deals with the delivery of loan and deposit products to customers. The bank's revenues are derived principally from interest on its loans, and to a lesser extent, interest on its investment and mortgage-backed securities. The rest of its income is dependent on bank card services and wealth management products and services.