Elmiravings Bank Elmira NY (Elmiravings Bank Elmira NY) LT-Debt-to-Total-Asset : 0.05 (As of Dec. 2020)

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What is Elmiravings Bank Elmira NY 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. Elmiravings Bank Elmira NY's long-term debt to total assests ratio for the quarter that ended in Dec. 2020 was 0.05.

Elmiravings Bank Elmira NY's long-term debt to total assets ratio declined from Dec. 2018 (0.05) to Dec. 2020 (0.05). It may suggest that Elmiravings Bank Elmira NY is progressively becoming less dependent on debt to grow their business.

Elmiravings Bank Elmira NY LT-Debt-to-Total-Asset Historical Data

The historical data trend for Elmiravings Bank Elmira NY'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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Elmiravings Bank Elmira NY LT-Debt-to-Total-Asset Chart

Elmiravings Bank Elmira NY Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

LT-Debt-to-Total-Asset

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0.07

0.06

0.05

Elmiravings Bank Elmira NY Semi-Annual Data
	Dec01	Dec02	Dec03	Dec04	Dec05	Dec06	Dec07	Dec08	Dec09	Dec10	Dec11	Dec12	Dec13	Dec14	Dec15	Dec16	Dec17	Dec18	Dec19	Dec20
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.07	0.06	0.05	0.05	0.05

Elmiravings Bank Elmira NY LT-Debt-to-Total-Asset Calculation

Elmiravings Bank Elmira NY's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2020 is calculated as

LT Debt to Total Assets (A: Dec. 2020 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2020 )	/	Total Assets (A: Dec. 2020 )
	=	29	/	644.587
	=	0.04

Elmiravings Bank Elmira NY's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2020 is calculated as

LT Debt to Total Assets (Q: Dec. 2020 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2020 )	/	Total Assets (Q: Dec. 2020 )
	=	29	/	644.587
	=	0.04

Elmiravings Bank Elmira NY (NAS:ESBK) 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.

Elmiravings Bank Elmira NY LT-Debt-to-Total-Asset Related Terms

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Elmiravings Bank Elmira NY (Elmiravings Bank Elmira NY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Elmira Savings Bank Elmira NY (NAS:ESBK) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

N/A

Address

333 East Water Street, Elmira, NY, USA, 14901

Website

https://www.elmirasavingsbank.com

Elmira Savings Bank Elmira NY is primarily engaged in the business of attracting deposits from the general public and originating mortgage loans secured by first and second liens on one-to-four family residences; consumer loans on automobiles; general consumer loans; commercial real estate loans; and commercial loans. The bank offers a wide variety of services to its individual and commercial customers including savings and money market accounts; certificates of deposit; loans; online banking; mobile banking, and debit cards. Its other banking services include checking; commercial lending; merchant services; other services, such as overdraft protection, safe deposit boxes, notary public and telephone banking.