First Niles Financial (First Niles Financial) LT-Debt-to-Total-Asset : 0.00 (As of Jun. 2018)

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What is First Niles Financial 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 Niles Financial's long-term debt to total assests ratio for the quarter that ended in Jun. 2018 was 0.00.

First Niles Financial's long-term debt to total assets ratio declined from Dec. 2015 (0.27) to Jun. 2018 (0.00). It may suggest that First Niles Financial is progressively becoming less dependent on debt to grow their business.

First Niles Financial LT-Debt-to-Total-Asset Historical Data

The historical data trend for First Niles Financial'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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First Niles Financial LT-Debt-to-Total-Asset Chart

First Niles Financial Annual Data

Trend

Dec99

Dec00

Dec01

Dec02

Dec03

Dec04

Dec05

Dec13

Dec14

Dec15

LT-Debt-to-Total-Asset

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0.21

0.25

0.26

0.27

First Niles Financial Semi-Annual Data
	Jun99	Dec99	Jun00	Dec00	Jun01	Dec01	Jun02	Dec02	Jun03	Dec03	Jun04	Dec04	Jun05	Dec05	Jun06	Dec13	Dec14	Dec15	Jun17	Jun18
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.25	0.26	0.27	-	-

First Niles Financial LT-Debt-to-Total-Asset Calculation

First Niles Financial's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2015 is calculated as

LT Debt to Total Assets (A: Dec. 2015 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2015 )	/	Total Assets (A: Dec. 2015 )
	=	26.5	/	98.472
	=	0.27

First Niles Financial's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2018 is calculated as

LT Debt to Total Assets (Q: Jun. 2018 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2018 )	/	Total Assets (Q: Jun. 2018 )
	=	0	/	100.665
	=	0.00

First Niles Financial (OTCPK:FNFI) 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 Niles Financial LT-Debt-to-Total-Asset Related Terms

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First Niles Financial (First Niles Financial) Business Description

Industry

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Traded in Other Exchanges

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Address

55 North Main Street, P.O. Box 311, Niles, OH, USA, 44446-0311

Website

https://www.homefedniles.com

First Niles Financial Inc is a unitary, non-diversified holding company. It conducts a general banking business in Niles, Ohio, which consists of attracting deposits from the general public and applying those funds to the origination of loans for residential, commercial, and consumer purposes. The primary sources of revenue for the company are from interest and dividend income on loans and securities along with noninterest revenue resulting from investment security gains, loan servicing, gains on the sale of loans, commitment fees, fees from financial guarantees, certain credit cards fees, and income on bank-owned life insurance.

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