Foresight Financial Group (Foresight Financial Group) LT-Debt-to-Total-Asset : 0.18 (As of Dec. 2023)

View and export this data going back to . Start your Free Trial

What is Foresight Financial Group 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. Foresight Financial Group's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.18.

Foresight Financial Group's long-term debt to total assets ratio declined from Dec. 2021 (0.20) to Dec. 2023 (0.18). It may suggest that Foresight Financial Group is progressively becoming less dependent on debt to grow their business.

Foresight Financial Group LT-Debt-to-Total-Asset Historical Data

The historical data trend for Foresight Financial Group'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.

* Premium members only.

Foresight Financial Group LT-Debt-to-Total-Asset Chart

Foresight Financial Group Annual Data

Trend

Dec04

Dec05

Dec06

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

Get a 7-Day Free Trial

0.14

0.19

0.20

0.19

0.18

Foresight Financial Group Semi-Annual Data
	Dec04	Dec05	Dec06	Dec17	Dec18	Dec19	Dec20	Dec21	Dec22	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial					0.14	0.19	0.20	0.19	0.18

Foresight Financial Group LT-Debt-to-Total-Asset Calculation

Foresight Financial Group'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 )
	=	282.159	/	1574.728
	=	0.18

Foresight Financial Group's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	282.159	/	1574.728
	=	0.18

Foresight Financial Group (OTCPK:FGFH) 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.

Foresight Financial Group LT-Debt-to-Total-Asset Related Terms

Thank you for viewing the detailed overview of Foresight Financial Group's LT-Debt-to-Total-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

Foresight Financial Group (Foresight Financial Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Foresight Financial Group (OTCPK:FGFH) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

809 Cannell-Puri Court, P.O. Box 339, Suite 5, Winnebago, IL, USA, 61088

Website

https://www.foresightfg.com

Foresight Financial Group is a bank holding company. It is established under the Federal Reserve with offices in the Northern Illinois counties of Winnebago, Stephenson, and Kankakee. Holdings of the company include German American State Bank located in German Valley, Pecatonica, Seward, and Winnebago; State Bank of Davis located in Davis and Kankakee; State Bank located in Freeport; Lena State Bank located in Lena; Northwest Bank located in Rockford, Loves Park, and Machesney Park; and State Bank of Herscher located in Herscher and Kankakee.

Foresight Financial Group (Foresight Financial Group) Headlines

No Headlines