State Street (State Street) Net Charge Offs to Average Loans % : 0.00% (As of . 20)

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What is State Street Net Charge Offs to Average Loans %?

Net Charge Offs to Average Loans % is the net charge-offs divided by the average total loans during a specific period. This ratio measures the proportion of debt owed to a company that is unlikely to be recovered. A higher ratio means there’s more bad debt that is unlikely to be collected, which leads investors to believe it has a very risky portfolio.

The historical rank and industry rank for State Street's Net Charge Offs to Average Loans % or its related term are showing as below:

STTpE.CL.PFD's Net Charge Offs to Average Loans % is not ranked ^*
in the Asset Management industry.
Industry Median:
* Ranked among companies with meaningful Net Charge Offs to Average Loans % only.

State Street Net Charge Offs to Average Loans % Historical Data

The historical data trend for State Street's Net Charge Offs to Average Loans % 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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State Street Net Charge Offs to Average Loans % Chart

State Street (NYSE:STTpE.CL.PFD) Net Charge Offs to Average Loans % Calculation

Net Charge Offs to Average Loans % is calculated as

Net Charge Offs to Average Loans %

Net Charge-offs

Average Total Loans

State Street (NYSE:STTpE.CL.PFD) Net Charge Offs to Average Loans % Explanation

A Net Charge-off (NCO) is the dollar amount representing the difference between gross charge-offs and any subsequent recoveries of delinquent debt. The bad debt often needs to be written off and classified as gross charge-off. If any money is recovered from that debt, the recovered amount needs to be subtracted from gross charge-off, which is how we get the net charge-off.

Net Charge Offs to Average Loans % represents the amount of debt that a company believes it will never collect and is an indicator of a financial institution's loan portfolio performance. A higher ratio, especially when compared to the previous period or to other banks, would suggest that there’s more bad debt that is unlikely to be collected and the loan portfolio may be too risky.

State Street Net Charge Offs to Average Loans % Related Terms

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State Street (State Street) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » State Street Corporation (NYSE:STTpE.CL.PFD) » Definitions » Net Charge Offs to Average Loans %

Comparable Companies

Traded in Other Exchanges

STTpG.PFD:USA STTpD.PFD:USA STT:USA STT:Mexico ZYA:Germany S1TT34:Brazil STT:Austria

Address

One Lincoln Street, Boston, MA, USA, 02111

Website

https://www.statestreet.com

State Street is a leading provider of financial services, including investment servicing, investment management, and investment research and trading. With approximately $42 trillion in assets under custody and administration and $4.1 trillion assets under management as of Dec. 31, 2023, State Street operates globally in more than 100 geographic markets and employs more than 46,000 worldwide.