Summit Financial Group Long Term Debt

Summit Financial Group posts a long-term debt of $120M as of March 2024. That compares with $120M in the prior-year period — up 0.4% year over year. Comparing that reading with peers and prior periods is usually more useful than looking at the number in isolation.

In the prior comparable period, Summit Financial Group's long-term debt was $120M. The latest reading is $120M — a 0.4% year-over-year increase (period ending March 2024). Use the history and growth charts on this page for a longer lookback.

Long-Term Debt is one piece of Summit Financial Group's financial statement story. At $120M, it should be interpreted next to related metrics — for example revenue with costs, assets with liabilities, or income with margins. Stockcircle links those related pages so you can move from this number to the surrounding context quickly.

Context for SMMF's long-term debt usually means three checks: (1) trend versus prior periods, (2) level versus peers, and (3) consistency with growth and profitability. This page covers the first two; Summit Financial Group's other metric pages and overview cover the third.

Judging Summit Financial Group against Finance peers is usually better than using a market-wide rule of thumb. Business models inside Finance are more comparable, which makes gaps in long-term debt easier to interpret. Start with $120M here, then scan peer and history charts to see if the gap is persistent.