First Internet Bancorp (FRA:45H) LT-Debt-to-Total-Asset : 0.13 (As of Mar. 2024)

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What is First Internet Bancorp 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. First Internet Bancorp's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.13.

First Internet Bancorp's long-term debt to total assets ratio declined from Mar. 2023 (0.15) to Mar. 2024 (0.13). It may suggest that First Internet Bancorp is progressively becoming less dependent on debt to grow their business.

First Internet Bancorp LT-Debt-to-Total-Asset Historical Data

The historical data trend for First Internet Bancorp'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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First Internet Bancorp LT-Debt-to-Total-Asset Chart

First Internet Bancorp Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.14

0.15

0.16

0.14

First Internet Bancorp 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															0.15	0.15	0.14	0.14	0.13

First Internet Bancorp LT-Debt-to-Total-Asset Calculation

First Internet Bancorp'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 )
	=	660.031	/	4738.664
	=	0.14

First Internet Bancorp'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 )
	=	625.463	/	4913.414
	=	0.13

First Internet Bancorp (FRA:45H) 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.

First Internet Bancorp LT-Debt-to-Total-Asset Related Terms

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First Internet Bancorp (FRA:45H) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » First Internet Bancorp (FRA:45H) » Definitions » LT-Debt-to-Total-Asset

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INBK:USA

Address

8701 E. 116th Street, Fishers, IN, USA, 46038

Website

https://www.firstinternetbancorp.com

First Internet Bancorp is a bank holding company. Through its subsidiaries, it provides commercial real estate (CRE) lending, including nationwide single tenant lease financing and commercial and industrial (C&I) lending, including business banking/treasury management services. The company offers its products and services through the internet and does not have any branches. With operations organized into a single segment called the Commercial Banking segment, it also provides retail banking services.

First Internet Bancorp (FRA:45H) Headlines

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