Ameris Bancorp (Ameris Bancorp) LT-Debt-to-Total-Asset : 0.03 (As of Dec. 2023)

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What is Ameris Bancorp 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. Ameris Bancorp's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.03.

Ameris Bancorp's long-term debt to total assets ratio declined from Dec. 2022 (0.08) to Dec. 2023 (0.03). It may suggest that Ameris Bancorp is progressively becoming less dependent on debt to grow their business.

Ameris Bancorp LT-Debt-to-Total-Asset Historical Data

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

Ameris Bancorp Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.08

0.03

0.04

0.08

0.03

Ameris Bancorp 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															0.10	0.07	0.05	0.03	0.03

Ameris Bancorp LT-Debt-to-Total-Asset Calculation

Ameris Bancorp'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 )
	=	639.901	/	25203.699
	=	0.03

Ameris Bancorp's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	639.901	/	25203.699
	=	0.03

Ameris Bancorp (NAS:ABCB) 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.

Ameris Bancorp LT-Debt-to-Total-Asset Related Terms

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Ameris Bancorp (Ameris Bancorp) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Ameris Bancorp (NAS:ABCB) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

AXU:Germany

Address

3490 Piedmont Road N.E., Suite 1550, Atlanta, GA, USA, 30305

Website

https://www.amerisbank.com

Ameris Bancorp is a bank holding company that operates through Ameris Bank, its subsidiary. The company operates branches in Georgia, Alabama, Florida, and South Carolina. It offers traditional banking services such as business banking, personal banking, checking, savings, mobile banking, and others. The bank is organized into five segments: banking, retail mortgage, warehouse lending, SBA, and premium finance. The company generates most of its revenue from the banking division. Ameris intends to acquire banks in its geographic region to increase its market share and expand beyond its current market.

Executives

William Millard Choate	director	3490 PIEDMONT ROAD, SUITE 1550, ATLANTA GA 30305
William D Mckendry	officer: EVP & CRO	PO BOX 3668, MOULTRIE GA 31776
James A Lahaise	officer: Corporate Banking Executive	C/O FLAG FINANCIAL CORPORATION, 3475 PIEDMONT ROAD, NE, ATLANTA GA 30305
Nicole S Stokes	officer: EVP & Chief Financial Officer	3250 NORTH VALDOSTA ROAD, VALDOSTA GA 31602
Proctor H Palmer Jr	director, officer: President & CEO
Bowen William I. Jr.	director	P.O. BOX 3668, MOULTRIE GA 31776
Jimmy D Veal	director	P.O. BOX 3668, MOULTRIE GA 31776
Jon S Edwards	officer: EVP/CCO	P.O. BOX 3668, MOULTRIE GA 31776
Elizabeth A Mccague	director	P.O. BOX 3668, MOULTRIE GA 31776
Ronal Todd Shutley	officer: EVP, Chief Specialty Banking O	P.O. BOX 3668, MOULTRIE GA 31776
Robert P Lynch	director	P.O. BOX 3668, MOULTRIE GA 31776
Michael T Pierson	officer: EVP & Chief Operations Officer	3490 PIEDMONT ROAD, NE, SUITE 1550, ATLANTA GA 30305
Ross L Creasy	officer: EVP & Chief Innovation Officer	3490 PIEDMONT ROAD, NE, SUITE 1550, ATLANTA GA 30305
Robert Dale Ezzell	director	P.O. BOX 3668, MOULTRIE GA 31776
Bassett Lawton E Iii	officer: Banking Group President	PO BOX 3668, MOULTRIE GA 31776