City Bank (City Bank) LT-Debt-to-Total-Asset : 0.06 (As of Jun. 2009)

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What is City Bank 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. City Bank's long-term debt to total assests ratio for the quarter that ended in Jun. 2009 was 0.06.

City Bank's long-term debt to total assets ratio declined from Jun. 2008 (0.08) to Jun. 2009 (0.06). It may suggest that City Bank is progressively becoming less dependent on debt to grow their business.

City Bank LT-Debt-to-Total-Asset Historical Data

The historical data trend for City Bank'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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City Bank LT-Debt-to-Total-Asset Chart

City Bank Annual Data

Trend

Dec99

Dec00

Dec01

Dec02

Dec03

Dec04

Dec05

Dec06

Dec07

Dec08

LT-Debt-to-Total-Asset

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0.12

0.08

0.11

0.06

City Bank Quarterly Data
	Sep04	Dec04	Mar05	Jun05	Sep05	Dec05	Mar06	Jun06	Sep06	Dec06	Mar07	Jun07	Sep07	Dec07	Mar08	Jun08	Sep08	Dec08	Mar09	Jun09
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.08	0.07	0.06	0.06	0.06

City Bank LT-Debt-to-Total-Asset Calculation

City Bank's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2008 is calculated as

LT Debt to Total Assets (A: Dec. 2008 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2008 )	/	Total Assets (A: Dec. 2008 )
	=	85	/	1325.541
	=	0.06

City Bank's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2009 is calculated as

LT Debt to Total Assets (Q: Jun. 2009 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2009 )	/	Total Assets (Q: Jun. 2009 )
	=	75	/	1289.818
	=	0.06

City Bank (OTCPK:CTBK) 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.

City Bank LT-Debt-to-Total-Asset Related Terms

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City Bank (City Bank) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » City Bank (OTCPK:CTBK) » Definitions » LT-Debt-to-Total-Asset

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Address

5219 City Bank Parkway, Lubbock, TX, USA, 79407

Website

https://www.city.bank

City Bank is engaged in general commercial and retail banking, with an emphasis on small and medium-sized businesses, construction lending for single-family residences and home mortgage lending.

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