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

View and export this data going back to 2019. Start your Free Trial

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

First National's long-term debt to total assets ratio stayed the same from Dec. 2022 (0.01) to Dec. 2023 (0.01).

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

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

First National Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

Get a 7-Day Free Trial

0.02

0.01

First National Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.01	0.01	0.01	0.01	0.01

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

First National'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 )
	=	14.276	/	1419.295
	=	0.01

First National'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 )
	=	14.276	/	1419.295
	=	0.01

First National (NAS:FXNC) 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 National LT-Debt-to-Total-Asset Related Terms

Thank you for viewing the detailed overview of First National's LT-Debt-to-Total-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

First National (First National) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » First National Corp (NAS:FXNC) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

112 West King Street, Strasburg, VA, USA, 22657

Website

https://www.fbvirginia.com

First National Corp is a bank holding company of First Bank, which is a commercial bank. Its core offering includes loans, deposits, wealth management, and other products and services. Loan products and services include personal loans, residential mortgages, home equity loans, and commercial loans. Deposit products and services include checking and savings. The Bank's wealth management division offers estate planning, investment management of assets, and retirement accounts.

Executives

Smith Gerald F Jr	director	112 W KING ST, STRASBURG VA 22657
Holt George Edwin Iii	director	112 WEST KING STREET, STRASBURG VA 22657
Wilkins Iii James R	director	112 W KING ST, STRASBURG VA 22657
Kirtesh Patel	director	112 WEST KING STREET, STRASBURG VA 22657
Scott C Harvard	director, officer: President/CEO	112 W KING ST, STRASBURG VA 22657
Boyce E Brannock	director	112 WEST KING STREET, STRASBURG VA 22657
C Ray Sprinkle	director	112 WEST KING STREET, STRASBURG VA 22657
Jason C Aikens	director	112 WEST KING STREET, STRASBURG VA 22657
William Michael Funk	director	443 SHENWOOD AVE, WOODSTOCK VA 22664-1956
Dennis A Dysart	officer: Senior EVP/CCO	112 WEST KING STREET, STRASBURG VA 22657
Beverley Jr Marshall J	officer: EVP-Senior Trust Officer	112 W KING STREET, STRASBURG VA 22657
James C Youngblood	officer: EVP/SENIOR LENDING OFFICER	112 WEST KING STREET, STRASBURG VA 22657-2220
Emily Marlow Beck	director	311 S STEWART ST, WINCHESTER VA 22601-4016
Crow Samuel J Jr.	officer: EVP / CCO	112 W KING ST, STRASBURG VA 22657
Davis Dr James A	director	112 WEST KING STREET, STRASBURG VA 22657