First Foundation (FRA:8F1) LT-Debt-to-Total-Asset : 0.14 (As of Mar. 2024)

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

First Foundation's long-term debt to total assets ratio declined from Mar. 2023 (0.17) to Mar. 2024 (0.14). It may suggest that First Foundation is progressively becoming less dependent on debt to grow their business.

First Foundation LT-Debt-to-Total-Asset Historical Data

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

First Foundation Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.12

0.04

0.02

0.11

0.12

First Foundation 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															0.17	0.08	0.09	0.12	0.14

First Foundation LT-Debt-to-Total-Asset Calculation

First Foundation'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 )
	=	1451.109	/	12221.086
	=	0.12

First Foundation'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 )
	=	1728.594	/	12499.373
	=	0.14

First Foundation (FRA:8F1) 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 Foundation LT-Debt-to-Total-Asset Related Terms

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First Foundation (FRA:8F1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » First Foundation Inc (FRA:8F1) » Definitions » LT-Debt-to-Total-Asset

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FFWM:USA

Address

200 Crescent Court, Suite 1400, Dallas, TX, USA, 75201

Website

https://www.ff-inc.com

First Foundation Inc is a financial services company. It is engaged in providing investment management and financial planning services for high net-worth individuals, retirement plans, charitable institutions, and private foundations. The company focuses on segments namely Banking and Wealth Management. It also offers loans to individuals and entities that own and operate multifamily residential and commercial real estate properties as well as business banking products and services to small to moderate-sized businesses, professional firms, and consumer banking products and services to individuals.

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