Dimeco (Dimeco) LT-Debt-to-Total-Asset : 0.03 (As of Mar. 2024)

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What is Dimeco 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. Dimeco's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.03.

Dimeco's long-term debt to total assets ratio increased from Dec. 2022 (0.02) to Mar. 2024 (0.03). It may suggest that Dimeco is progressively becoming more dependent on debt to grow their business.

Dimeco LT-Debt-to-Total-Asset Historical Data

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

Dimeco Annual Data

Trend

Dec11

Dec12

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.08

0.05

0.02

0.04

Dimeco Quarterly Data
	Sep12	Dec12	Dec16	Dec17	Dec18	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.02	0.01	0.03	0.04	0.03

Dimeco LT-Debt-to-Total-Asset Calculation

Dimeco'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 )
	=	34.466	/	989.961
	=	0.03

Dimeco'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 )
	=	33.216	/	1004.268
	=	0.03

Dimeco (OTCPK:DIMC) 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.

Dimeco LT-Debt-to-Total-Asset Related Terms

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Dimeco (Dimeco) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

820 Church Street, P.O Box 509, Honesdale, PA, USA, 18431

Website

https://www.thedimebank.com

Dimeco Inc is a United States-based holding company. It provides a range of lending, depository, and financial services to individuals and small to medium-sized businesses. The bank offers an array of financial services and solutions ranging from traditional products to electronic banking, and wealth management services. It also offers personal banking services, business banking services, loans, and credit facilities and others.

Executives

Henry M Skier	director
Todd J Stephens	director	820 CHURCH STREET, HONESDALE PA 18431
Gary C Beilman	officer: Chief Executive Officer
Robert E Genirs	director
Pete Bochnovich	officer: Vice President
Barbara J Genzlinger	director
John F Spall	director
William E Schwarz	director
Thomas A Peifer	director
Maureen H Beilman	officer: Chief Financial Officer
John S Kiesendahl	director
Joseph J Murray	officer: President

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