Grayson Bankshares (Grayson Bankshares) LT-Debt-to-Total-Asset : 0.06 (As of Dec. 2011)

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What is Grayson Bankshares 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. Grayson Bankshares's long-term debt to total assests ratio for the quarter that ended in Dec. 2011 was 0.06.

Grayson Bankshares's long-term debt to total assets ratio declined from Dec. 2009 (0.07) to Dec. 2011 (0.06). It may suggest that Grayson Bankshares is progressively becoming less dependent on debt to grow their business.

Grayson Bankshares LT-Debt-to-Total-Asset Historical Data

The historical data trend for Grayson Bankshares'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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Grayson Bankshares LT-Debt-to-Total-Asset Chart

Grayson Bankshares Annual Data

Trend

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

LT-Debt-to-Total-Asset

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0.06

0.08

0.07

0.06

Grayson Bankshares Semi-Annual Data
	Dec05	Dec06	Dec07	Dec08	Dec09	Dec10	Dec11
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial			0.06	0.08	0.07	0.07	0.06

Grayson Bankshares LT-Debt-to-Total-Asset Calculation

Grayson Bankshares's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2011 is calculated as

LT Debt to Total Assets (A: Dec. 2011 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2011 )	/	Total Assets (A: Dec. 2011 )
	=	20	/	346.383
	=	0.06

Grayson Bankshares's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2011 is calculated as

LT Debt to Total Assets (Q: Dec. 2011 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2011 )	/	Total Assets (Q: Dec. 2011 )
	=	20	/	346.383
	=	0.06

Grayson Bankshares (OTCPK:GSON) 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.

Grayson Bankshares LT-Debt-to-Total-Asset Related Terms

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Grayson Bankshares (Grayson Bankshares) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Grayson Bankshares Inc (OTCPK:GSON) » Definitions » LT-Debt-to-Total-Asset

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Website

Grayson Bankshares, Inc. was incorporated as a Virginia corporation on February 3, 1992. It is a bank holding company for The Grayson National Bank (the Bank). National Bank currently serves Grayson County and surrounding areas through ten banking offices located in the towns of Independence, Hillsville and Wytheville, the localities of Elk Creek, Troutdale and Whitetop, the City of Galax, and Carroll County, Virginia, and the Town of Sparta, North Carolina. The Bank operates for the primary purpose of meeting the banking needs of individuals and small to medium sized businesses in the Bank's service area, while developing personal, hometown associations with these customers. The Bank offers a wide range of banking services including checking and savings accounts; commercial, installment, mortgage and personal loans; credit and debit cards; internet banking and online bill paying; safe deposit boxes; and other associated services. The Bank's primary sources of revenue are interest income from its lending activities, and, to a lesser extent, from its investment portfolio. The Bank also earns fees from lending and deposit activities. The major expenses of the Bank are interest on deposit accounts and general and administrative expenses, such as salaries, occupancy and related expenses. The Bank's lending services include real estate, commercial, agricultural and consumer loans. The Bank invests a portion of its assets in U.S. Treasury, U.S. Government agency and U.S. Government sponsored enterprise securities, state, county and municipal obligations, and equity securities. Deposits are the major source of funds for lending and other investment activities. The Bank considers the majority of its regular savings, demand, NOW and money market deposits and small denomination certificates of deposit to be core deposits. The Company's market area consists primarily of the Counties of Grayson, Carroll and Wythe, and the independent city of Galax, in Virginia, as well as Alleghany County in North Carolina. As a bank holding company, the Company is subject to regulation under the Bank Holding Company Act of 1956 (BHCA) and the examination and reporting requirements of the Federal Reserve.

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