Quaint Oak Bancorp (Quaint Oak Bancorp) Debt-to-Asset

: 0.08 (As of Dec. 2023)

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Quaint Oak Bancorp's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $5.55 Mil. Quaint Oak Bancorp's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $50.98 Mil. Quaint Oak Bancorp's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Dec. 2023 was $754.12 Mil. Quaint Oak Bancorp's debt to asset for the quarter that ended in Dec. 2023 was 0.07.

Quaint Oak Bancorp Debt-to-Asset Historical Data

The historical data trend for Quaint Oak Bancorp's Debt-to-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.

Quaint Oak Bancorp Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

0.15

0.10

0.22

0.08

Quaint Oak Bancorp Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Asset																0.22	0.24	0.19	0.14	0.08

Competitive Comparison

For the Banks - Regional subindustry, Quaint Oak Bancorp's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Quaint Oak Bancorp Debt-to-Asset Distribution

For the Banks industry and Financial Services sector, Quaint Oak Bancorp's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where Quaint Oak Bancorp's Debt-to-Asset falls into.

Quaint Oak Bancorp Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Quaint Oak Bancorp's Debt-to-Asset for the fiscal year that ended in Dec. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(5.549	+	50.979)	/	754.118
	=	0.07

Quaint Oak Bancorp's Debt-to-Asset for the quarter that ended in Dec. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(5.549	+	50.979)	/	754.118
	=	0.07

Quaint Oak Bancorp (OTCPK:QNTO) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

Quaint Oak Bancorp Debt-to-Asset Related Terms

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Quaint Oak Bancorp (Quaint Oak Bancorp) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Quaint Oak Bancorp Inc (OTCPK:QNTO) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

501 Knowles Avenue, Southampton, PA, USA, 18966

Website

https://www.quaintoak.com

Quaint Oak Bancorp Inc is a Pennsylvania-chartered stock savings bank and wholly-owned subsidiary of the Quaint Oak Bancorp Inc, is headquartered in Southampton, Pennsylvania and conducts business through three regional offices located in the Delaware Valley, Lehigh Valley and Philadelphia markets. Quaint Oak Bank has many subsidiary companies these subsidiary companies conduct business from numerous locations within the Bank's market area. The Bank holds a majority equity position in Oakmont Capital Holdings, LLC, a multi-state equipment finance company based in West Chester, Pennsylvania with a second significant facility located in Albany, Minnesota.

Executives

James J Clarke	director	QUAINT OAK BANK, 501 KNOWLES AVENUE, SOUTHAMPTON PA 18966
Susan M. Vettori	director	QUAINT OAK BANCORP, INC., 501 KNOWLES AVENUE, SOUTHAMPTON PA 18966
Dipiero Andrew E Jr	director	QUAINT OAK BANK, 501 KNOWLES AVENUE, SOUTHAMPTON PA 18966
John J Augustine	director, officer: Chief Financial Officer	QUAINT OAK BANK, 501 KNOWLES AVENUE, SOUTHAMPTON PA 18966
Diane J Colyer	officer: SVP and Corporate Secretary	QUAINT OAK BANK, 501 KNOWLES AVENUE, SOUTHAMPTON PA 18966
William R Gonzalez	officer: Senior Vice President*	QUAINT OAK BANCORP, INC., 501 KNOWLES AVENUE, SOUTHAMPTON PA 18966
Robert T Strong	director, officer: President and CEO	QUAINT OAK BANK, 501 KNOWLES AVENUE, SOUTHAMPTON PA 18966
Aimee K Ott	officer: Vice President*	501 KNOWLES AVENUE, SOUTHAMPTON PA 18966
Robert Farrer	officer: VP Risk and Compliance*	QUAINT OAK BANK, 501 KNOWLES AVENUE, SOUTHAMPTON PA 18966
Robert J Phillips	director	QUAINT OAK BANK, 501 KNOWLES AVENUE, SOUTHAMPTON PA 18966
Kenneth R Gant	director	QUAINT OAK BANK, 501 KNOWLES AVENUE, SOUTHAMPTON PA 18966
Marsh B Spink	director	QUAINT OAK BANK, 501 KNOWLES AVENUE, SOUTHAMPTON PA 18966
Ager George M Jr	director	QUAINT OAK BANK, 501 KNOWLES AVENUE, SOUTHAMPTON PA 18966
Curt T Schulmeister	officer: Chief Lending Officer*	QUAINT OAK BANK, 501 KNOWLES AVENUE, SOUTHAMPTON PA 18966