Federal National Mortgage Association Fannie Mae (STU:FNM) LT-Debt-to-Total-Asset : 0.97 (As of Mar. 2024)

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What is Federal National Mortgage Association Fannie Mae 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. Federal National Mortgage Association Fannie Mae's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.97.

Federal National Mortgage Association Fannie Mae's long-term debt to total assets ratio declined from Mar. 2023 (0.98) to Mar. 2024 (0.97). It may suggest that Federal National Mortgage Association Fannie Mae is progressively becoming less dependent on debt to grow their business.

Federal National Mortgage Association Fannie Mae LT-Debt-to-Total-Asset Historical Data

The historical data trend for Federal National Mortgage Association Fannie Mae'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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Federal National Mortgage Association Fannie Mae LT-Debt-to-Total-Asset Chart

Federal National Mortgage Association Fannie Mae Annual Data

Trend

Dec14

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Dec23

LT-Debt-to-Total-Asset

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0.98

0.97

Federal National Mortgage Association Fannie Mae 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															0.98	0.98	0.97	0.97	0.97

Federal National Mortgage Association Fannie Mae LT-Debt-to-Total-Asset Calculation

Federal National Mortgage Association Fannie Mae'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 )
	=	3856355.468	/	3966425.729
	=	0.97

Federal National Mortgage Association Fannie Mae's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (Q: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2024 )	/	Total Assets (Q: Mar. 2024 )
	=	3866105.88	/	3977913.48
	=	0.97

Federal National Mortgage Association Fannie Mae (STU:FNM) 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.

Federal National Mortgage Association Fannie Mae LT-Debt-to-Total-Asset Related Terms

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Federal National Mortgage Association Fannie Mae (STU:FNM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Federal National Mortgage Association Fannie Mae (STU:FNM) » Definitions » LT-Debt-to-Total-Asset

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Address

1100 15th Street, NW, Midtown Center, Washington, DC, USA, 20005

Website

https://www.fanniemae.com

Federal National Mortgage Association Fannie Mae is a source of financing for mortgages in the United States. The company has two segments. The Single-Family business operates in the secondary mortgage market relating to single-family mortgage loans, which are secured by properties containing four or fewer residential dwelling units. The Multifamily business operates in the secondary mortgage market relating mainly to multifamily mortgage loans, which are secured by properties containing five or more residential units. The majority of the revenue is derived from the Single-Family segment.

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