BankFlorida Bancorp (BankFlorida Bancorp) LT-Debt-to-Total-Asset : 0.08 (As of Mar. 2024)

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What is BankFlorida 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. BankFlorida Bancorp's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.08.

BankFlorida Bancorp's long-term debt to total assets ratio declined from Mar. 2023 (0.09) to Mar. 2024 (0.08). It may suggest that BankFlorida Bancorp is progressively becoming less dependent on debt to grow their business.

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

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

BankFlorida Bancorp Annual Data

Trend

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

0.03

0.09

BankFlorida Bancorp Quarterly Data
	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial					0.09	0.09	0.09	0.09	0.08

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

BankFlorida 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 )
	=	28	/	321.702
	=	0.09

BankFlorida Bancorp'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 )
	=	28	/	369.493
	=	0.08

BankFlorida Bancorp (OTCPK:BKFL) 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.

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

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BankFlorida Bancorp (BankFlorida Bancorp) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » BankFlorida Bancorp Inc (OTCPK:BKFL) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

12612 U.S. Highway 301, Dade, FL, USA, 33525

Website

https://www.bankflorida.com

BankFlorida Bancorp Inc serves customers and communities by providing superior banking services. It offers personal, commercial, residential mortgage, wealth solutions and various others services.

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