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First Community (First Community) LT-Debt-to-Total-Asset : 0.01 (As of Dec. 2023)


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What is First Community 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. First Community's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.01.

First Community's long-term debt to total assets ratio declined from Dec. 2022 (0.01) to Dec. 2023 (0.01). It may suggest that First Community is progressively becoming less dependent on debt to grow their business.


First Community LT-Debt-to-Total-Asset Historical Data

The historical data trend for First Community'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.

* Premium members only.

First Community LT-Debt-to-Total-Asset Chart

First Community Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
LT-Debt-to-Total-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.02 0.01 0.01 0.01 0.01

First Community Quarterly Data
Jun19 Sep19 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.06 0.07 0.06 0.01 -

First Community LT-Debt-to-Total-Asset Calculation

First Community'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 )
=18.39/1827.688
=0.01

First Community's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )=Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )/Total Assets (Q: Dec. 2023 )
=18.39/1827.688
=0.01

* 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.


First Community  (NAS:FCCO) 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.


First Community LT-Debt-to-Total-Asset Related Terms

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First Community (First Community) Business Description

Traded in Other Exchanges
N/A
Address
5455 Sunset Boulevard, Lexington, SC, USA, 29072
First Community Corp is a bank holding company, which provides commercial banking services. It is engaged in the general commercial and retail banking business characterized by personalized service and local decision making, emphasizing the banking needs of small to medium-sized businesses, professional concerns, and individuals. It operates through following segments: Commercial and Retail Banking; Mortgage Banking; Investment Advisory and Non-Deposit; and Corporate. It offers checking, savings, money market, individual retirement, and certificates of deposit accounts. Its lending lines include consumer loans, real estate loans, home improvement loans, home loans, flex loans, construction loans, agricultural loans, and others.
Executives
E. Leland Reynolds director 5455 SUNSET BLVD, LEXINGTON SC 29072
Michael C Crapps director, officer: President & CEO C/O FIRST COMMUNITY CORP, P O BOX 64, LEXINGTON SC 29071
Jan H Hollar director 300 E. BROAD ST., STATESVILLE NC 28677
Edward J. Tarver director C/O FIRST COMMUNITY CORPORATION, 5455 SUNSET BLVD, LEXINGTON SC 29072
Mickey Layden director 5455 SUNSET BLVD., LEXINGTON SC 29072
Ray E Jones director 5455 SUNSET BLVD., LEXINGTON SC 29072
Jane S Sosebee director C/O PALMETTO BANCSHARES, INC., 306 EAST NORTH STREET, GREENVILLE SC 29601
Tanya A Butts officer: Executive Vice Pres 104 S. MAIN STREET, GREENVILLE SC 29601
Jack W. Walker officer: EVP and Chief Credit Officer C/O FIRST COMMUNITY CORPORATION, 5455 SUNSET BLVD, LEXINGTON SC 29072
Donald Shawn Jordan officer: EVP and CFO C/O FIRST COMMUNITY CORPORATION, 5455 SUNSET BLVD, LEXINGTON SC 29072
Thomas Carlton Brown director C/O FIRST COMMUNITY CORP, P O BOX 64, LEXINGTON SC 29071
David K Proctor officer: Senior Vice President C/O FIRST COMMUNITY CORP, P O BOX 64, LEXINGTON SC 29071
Joseph G Sawyer officer: Senior Vice President & CFO C/O FIRST COMMUNITY CORP, P O BOX 64, LEXINGTON SC 29071
Richard K Bogan director C/O FIRST COMMUNITY CORP, P O BOX 64, LEXINGTON SC 29071
Anita B Easter director C/O FIRST COMMUNITY CORP, P O BOX 64, LEXINGTON SC 29071

First Community (First Community) Headlines