Columbia Financial (Columbia Financial) LT-Debt-to-Total-Asset : 0.14 (As of Mar. 2024)

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What is Columbia 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. Columbia Financial's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.14.

Columbia Financial's long-term debt to total assets ratio declined from Mar. 2023 (0.16) to Mar. 2024 (0.14). It may suggest that Columbia Financial is progressively becoming less dependent on debt to grow their business.

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

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

Columbia Financial Annual Data

Trend

Sep16

Sep17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.16

0.09

0.04

0.11

0.14

Columbia Financial 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															0.16	0.11	0.13	0.14	0.14

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

Columbia Financial'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 )
	=	1528.695	/	10645.568
	=	0.14

Columbia Financial'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 )
	=	1530.424	/	10637.519
	=	0.14

Columbia Financial (NAS:CLBK) 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.

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

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Columbia Financial (Columbia Financial) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

19-01 Route 208 North, Fair Lawn, NJ, USA, 07410

Website

https://www.columbiabankonline.com

Columbia Financial Inc is a federally chartered saving bank that serves the financial needs of depositors and the local community as a community-minded, customer service-focused institution. It offers traditional financial services to businesses and consumers. It attracts deposits from the general public and uses those funds to originate a variety of loans, including multifamily and commercial real estate loans, commercial business loans, one-to-four family real estate loans, construction loans, home equity loans and advances, and other consumer loans, and also offers a broad range of insurance products, investment solutions, and wealth management services.

Executives

John Klimowich	officer: EVP & Chief Risk Officer	C/O COLUMBIA FINANCIAL, INC., 19-01 ROUTE 208 NORTH, FAIR LAWN NJ 07410
Dennis E. Gibney	officer: EVP & Chief Financial Officer	C/O COLUMBIA FINANCIAL, INC., 19-01 ROUTE 208 NORTH, FAIR LAWN NJ 07410
Thomas J. Kemly	director, officer: President & CEO	C/O COLUMBIA FINANCIAL, INC., 19-01 ROUTE 208 NORTH, FAIR LAWN NJ 07410
Mayra Liseth Rinaldi	officer: EVP, Corp Governance & Culture	C/O COLUMBIA FINANCIAL, INC., 19-01 ROUTE 208 NORTH, FAIR LAWN NJ 07410
Elizabeth E. Randall	director	C/O COLUMBIA FINANCIAL, INC., 19-01 ROUTE 208 NORTH, FAIR LAWN NJ 07410
Michael Jr. Massood	director	C/O COLUMBIA FINANCIAL, INC., 19-01 ROUTE 208 NORTH, FAIR LAWN NJ 07410
Manesh Balachandran Prabhu	officer: EVP & CIO	C/O COLUMBIA FINANCIAL, INC., 19-01 ROUTE 208 NORTH, FAIR LAWN NJ 07410
Matthew William Rickert	officer: EVP & Chief Credit Officer	C/O COLUMBIA FINANCIAL, INC., 19-01 ROUTE 208 NORTH, FAIR LAWN NJ 07410
Jenifer White Walden	officer: EVP & CHRO	C/O COLUMBIA FINANCIAL, INC., 19-01 ROUTE 208 NORTH, FAIR LAWN NJ 07410
Dyk Robert Van	director	C/O COLUMBIA FINANCIAL, INC., 19-01 ROUTE 208 NORTH, FAIR LAWN NJ 07410
Allyson Katz Schlesinger	officer: EVP & Head of Consumer Banking	C/O COLUMBIA FINANCIAL, INC., 19-01 ROUTE 208 NORTH, FAIR LAWN NJ 07410
Ostenbridge Paul Van	director	313 LONGBOW DRIVE, FRANKLIN LAKES NJ 07417
William Justin Jennings	officer: EVP, Operations Officer	C/O COLUMBIA FINANCIAL, INC., 19-01 ROUTE 208 NORTH, FAIR LAWN NJ 07410
Daria Stacy-walls Torres	director	C/O COLUMBIA FINANCIAL, INC., 19-01 ROUTE 208 NORTH, FAIR LAWN NJ 07410
Lewis Oliver Edward Jr	officer: EVP & Head Commercial Banking	C/O COLUMBIA FINANCIAL, INC., 19-01 ROUTE 208 NORTH, FAIR LAWN NJ 07410