Freedom Finl Hldgs (Freedom Finl Hldgs) LT-Debt-to-Total-Asset : 0.10 (As of Mar. 2024)

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What is Freedom Finl Hldgs 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. Freedom Finl Hldgs's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.10.

Freedom Finl Hldgs's long-term debt to total assets ratio increased from Mar. 2023 (0.05) to Mar. 2024 (0.10). It may suggest that Freedom Finl Hldgs is progressively becoming more dependent on debt to grow their business.

Freedom Finl Hldgs LT-Debt-to-Total-Asset Historical Data

The historical data trend for Freedom Finl Hldgs'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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Freedom Finl Hldgs LT-Debt-to-Total-Asset Chart

Freedom Finl Hldgs Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.08

0.04

0.06

0.05

0.07

Freedom Finl Hldgs 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															0.05	0.04	0.04	0.07	0.10

Freedom Finl Hldgs LT-Debt-to-Total-Asset Calculation

Freedom Finl Hldgs'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 )
	=	71.949	/	1084.668
	=	0.07

Freedom Finl Hldgs'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 )
	=	107.208	/	1092.723
	=	0.10

Freedom Finl Hldgs (OTCPK:FDVA) 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.

Freedom Finl Hldgs LT-Debt-to-Total-Asset Related Terms

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Freedom Finl Hldgs (Freedom Finl Hldgs) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Freedom Finl Hldgs Inc (OTCPK:FDVA) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

10555 Main Street, Suite 100, Fairfax, VA, USA, 22030

Website

https://www.freedom.bank

Freedom Finl Hldgs Inc provides various banking products and services. It offers checking, savings, money market, certificate of deposits, online and mobile banking among others.