SLM (SLM) LT-Debt-to-Total-Asset : 0.18 (As of Mar. 2024)

View and export this data going back to 1984. Start your Free Trial

What is SLM 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. SLM's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.18.

SLM's long-term debt to total assets ratio declined from Mar. 2023 (0.19) to Mar. 2024 (0.18). It may suggest that SLM is progressively becoming less dependent on debt to grow their business.

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

The historical data trend for SLM'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.

SLM LT-Debt-to-Total-Asset Chart

SLM Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

Get a 7-Day Free Trial

0.13

0.17

0.20

0.18

SLM 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															0.19	0.19	0.19	0.18	0.18

SLM LT-Debt-to-Total-Asset Calculation

SLM'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 )
	=	5227.512	/	29169.468
	=	0.18

SLM'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 )
	=	4976.882	/	28277.282
	=	0.18

SLM (NAS:SLM) 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.

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

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

SLM (SLM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » SLM Corp (NAS:SLM) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

SLMBP.PFD:USA SM1:Germany

Address

300 Continental Drive, Newark, DE, USA, 19713

Website

https://www.salliemae.com

SLM Corp is the largest student lender in the country. It makes and holds student loans through the guaranteed Federal Family Education Loan Program as well as through private channels. It also engages in debt-management operations, including accounts receivable and collections services, and runs college savings programs.

Executives

Peter M Graham	officer: EVP	150 CORPORATE BLVD, NORFOLK VA 23502
Nicolas Jafarieh	officer: SVP, General Counsel	SLM CORPORATION, 300 CONTINENTAL DRIVE, NEWARK DE 19713
Munish Pahwa	officer: Chief Risk Officer	300 CONTINENTAL DRIVE, NEWARK DE 19713
Jonathan Boyles	officer: SVP & Controller	300 CONTINENTAL DRIVE., NEWARK DE 19713
Steven Mcgarry	officer: Chief Financial Officer	300 CONTINENTAL DRIVE, NEWARK DE 19713
Richard Scott Blackley	director	1680 CAPITAL ONE DRIVE, MCLEAN VA 22102
Samuel Theron Ramsey	director	6612 SAIN MILLING ROAD, VALE NC 28168
Robert S. Strong	director	300 CONTINENTAL DR., NEWARK DE 19713
Ted Manvitz	director	300 CONTINENTAL DRIVE, NEWARK DE 19713
Franke Mary Carter Warren	director	300 CONTINENTAL DRIVE, NEWARK DE 19713
Kerri A. Palmer	officer: EVP & Chief Risk and Comp Off	300 CONTINENTAL DRIVE, NEWARK DE 19713
Paul F Thome	officer: EVP & Chief Admin Officer	300 CONTINENTAL DRIVE, NEWARK DE 19713
Daniel P Kennedy	officer: SVP, Chief Operational Officer	300 CONTINENTAL DRIVE, NEWARK DE 19713
Jonathan W. Witter	director, officer: CEO	1680 CAPITAL ONE DRIVE, MCLEAN VA 22102
Earl A Goode	director	300 CONTINENTAL DRIVE, NEWARKD DE 19713