loanDepot (FRA:LDD) LT-Debt-to-Total-Asset : 0.22 (As of Mar. 2024)

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What is loanDepot 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. loanDepot's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.22.

loanDepot's long-term debt to total assets ratio declined from Mar. 2023 (0.22) to Mar. 2024 (0.22). It may suggest that loanDepot is progressively becoming less dependent on debt to grow their business.

loanDepot LT-Debt-to-Total-Asset Historical Data

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

loanDepot Annual Data

Trend

Dec13

Dec14

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.14

0.07

0.12

0.21

0.22

loanDepot Quarterly Data
	Jun15	Dec18	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															0.22	0.22	0.22	0.22	0.22

loanDepot LT-Debt-to-Total-Asset Calculation

loanDepot'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 )
	=	1231.02	/	5640.511
	=	0.22

loanDepot'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 )
	=	1262.865	/	5697.808
	=	0.22

loanDepot (FRA:LDD) 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.

loanDepot LT-Debt-to-Total-Asset Related Terms

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loanDepot (FRA:LDD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » loanDepot Inc (FRA:LDD) » Definitions » LT-Debt-to-Total-Asset

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LDI:USA

Address

26642 Towne Centre Drive, Foothill Ranch, CA, USA, 92610

Website

https://www.loandepot.com

loanDepot Inc provides nonbank consumer lending solutions for individuals in the United States. It offers personal, residential home, home refinancing, mortgage and home equity loans. It also provides online mortgage loans for refinancing and home purchases. It serves customers through distribution channels, including consumer direct centres, retail branches, wholesale centres, and consumer finance and servicing centres in the United States. It competes with commercial banks and financial institutions. The Company is subject to governmental laws and regulations.

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