SB Financial Group (FRA:9KH) LT-Debt-to-Total-Asset : 0.04 (As of Mar. 2024)

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What is SB Financial Group 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. SB Financial Group's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.04.

SB Financial Group's long-term debt to total assets ratio declined from Mar. 2023 (0.05) to Mar. 2024 (0.04). It may suggest that SB Financial Group is progressively becoming less dependent on debt to grow their business.

SB Financial Group LT-Debt-to-Total-Asset Historical Data

The historical data trend for SB Financial Group'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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SB Financial Group LT-Debt-to-Total-Asset Chart

SB Financial Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.02

0.01

0.02

0.06

0.08

SB Financial Group 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															0.05	0.08	0.06	0.08	0.04

SB Financial Group LT-Debt-to-Total-Asset Calculation

SB Financial Group'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 )
	=	94.673	/	1231.759
	=	0.08

SB Financial Group'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 )
	=	50.282	/	1229.131
	=	0.04

SB Financial Group (FRA:9KH) 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.

SB Financial Group LT-Debt-to-Total-Asset Related Terms

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SB Financial Group (FRA:9KH) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » SB Financial Group Inc (FRA:9KH) » Definitions » LT-Debt-to-Total-Asset

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SBFG:USA

Address

401 Clinton Street, P.O. Box 467, Defiance, OH, USA, 43512

Website

http://www.yoursbfinancial.com

SB Financial Group Inc operates as a Holding Company of State Bank and RDSI/DCM. Its activities involve commercial banking, trust, and financial services. It offers a full-range of financial services for consumers and small businesses, including trust services, mortgage banking, wealth management services, commercial and agricultural lending. It accepts deposits, such as checking accounts, savings accounts, money market accounts, demand deposits, and time certificates of deposit. It earns revenue in the form of interest income.

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