Southside Bancshares (FRA:SU7) LT-Debt-to-Total-Asset : 0.11 (As of Mar. 2024)

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What is Southside Bancshares 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. Southside Bancshares's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.11.

Southside Bancshares's long-term debt to total assets ratio increased from Mar. 2023 (0.09) to Mar. 2024 (0.11). It may suggest that Southside Bancshares is progressively becoming more dependent on debt to grow their business.

Southside Bancshares LT-Debt-to-Total-Asset Historical Data

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

Southside Bancshares Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.17

0.16

0.08

0.07

0.11

Southside Bancshares 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															0.09	0.08	0.10	0.11	0.11

Southside Bancshares LT-Debt-to-Total-Asset Calculation

Southside Bancshares'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 )
	=	819.174	/	7597.266
	=	0.11

Southside Bancshares'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 )
	=	865.793	/	7685.554
	=	0.11

Southside Bancshares (FRA:SU7) 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.

Southside Bancshares LT-Debt-to-Total-Asset Related Terms

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Southside Bancshares (FRA:SU7) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Southside Bancshares Inc (FRA:SU7) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

SBSI:USA

Address

1201 South Beckham Avenue, Tyler, TX, USA, 75701

Website

https://www.southside.com

Southside Bancshares Inc is a financial institution offering financial services to individuals, businesses, municipal entities, and non-profit organizations. It provides various services such as personal banking, business banking, mortgage, equity lending, wealth management and trust, and brokerage. The bank generates its revenue in the form of interest income, gains on sales of assets, and fee income.

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