Affinity Bancshares (Affinity Bancshares) LT-Debt-to-Total-Asset : 0.06 (As of Mar. 2024)

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What is Affinity 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. Affinity Bancshares's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.06.

Affinity Bancshares's long-term debt to total assets ratio increased from Mar. 2023 (0.06) to Mar. 2024 (0.06). It may suggest that Affinity Bancshares is progressively becoming more dependent on debt to grow their business.

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

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

Affinity Bancshares Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

0.03

0.06

0.01

0.05

Affinity Bancshares Quarterly Data
	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													0.06	0.02	0.02	0.05	0.06

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

Affinity 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 )
	=	40	/	843.258
	=	0.05

Affinity 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 )
	=	51.837	/	869.547
	=	0.06

Affinity Bancshares (NAS:AFBI) 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.

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

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Affinity Bancshares (Affinity Bancshares) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Affinity Bancshares Inc (NAS:AFBI) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

3175 Highway 278, Covington, GA, USA, 30014

Website

https://www.myaffinitybank.com

Affinity Bancshares Inc is a holding company of Affinity Bank, a federally chartered stock savings bank that offers a variety of deposit accounts, including checking accounts, savings accounts, and certificate of deposit accounts. Its business consists of taking deposits from the general public and investing those deposits, together with funds generated from operations, in commercial real estate loans, commercial and industrial loans, and residential real estate loans, construction and land loans, and consumer loans. It also invests in securities, which consist of mortgage-backed securities and obligations issued by United States government-sponsored enterprises and Federal Home Loan Bank stock.

Executives

Howard G Roberts	director	3175 HIGHWAY 278, COVINGTON GA 30014
Robin S Reich	director	3175 HIGHWAY 278, COVINGTON GA 30014
Edward John Cooney	director, officer: CEO	3175 HIGHWAY 278, COVINGTON GA 30014
Robert Vickers	director	3175 HIGHWAY 278, COVINGTON GA 30014
Kenneth R Lehman	10 percent owner	122 N GORDON ROAD, FT LAUDERDALE FL 33301
Clark Nelson	officer: EVP and CCO	3175 HIGHWAY 278, COVINGTON GA 30014
Elizabeth Galazka	officer: EVP-Lending	3175 HIGHWAY 278, COVINGTON GA 30014
Brandi C Pajot	officer: SVP - Chief Financial Officer	3175 HIGHWAY 278, COVINGTON GA 30014
Gregory J. Proffitt	officer: President	3175 HIGHWAY 278, COVINGTON GA 30014
Tessa M. Nolan	officer: SVP and CFO	3175 HIGHWAY 278, COVINGTON GA 30014
Fortson William D. Jr.	director	3175 HIGHWAY 278, COVINGTON GA 30014
Bob W. Richardson	director	3175 HIGHWAY 278, COVINGTON GA 30014
Edward P. Stone	director	3175 HIGHWAY 278, COVINGTON GA 30014
Marshall L. Ginn	director	3175 HIGHWAY 278, COVINGTON GA 30014
Mark J Ross	director	3175 HIGHWAY 278, COVINGTON GA 30014

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