Landmark Bancorp (Landmark Bancorp) LT-Debt-to-Total-Asset : 0.06 (As of Dec. 2023)

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What is Landmark Bancorp 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. Landmark Bancorp's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.06.

Landmark Bancorp's long-term debt to total assets ratio increased from Dec. 2022 (0.05) to Dec. 2023 (0.06). It may suggest that Landmark Bancorp is progressively becoming more dependent on debt to grow their business.

Landmark Bancorp LT-Debt-to-Total-Asset Historical Data

The historical data trend for Landmark Bancorp'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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Landmark Bancorp LT-Debt-to-Total-Asset Chart

Landmark Bancorp Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.03

0.02

0.05

0.06

Landmark Bancorp 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															0.05	0.06	0.08	0.08	0.06

Landmark Bancorp LT-Debt-to-Total-Asset Calculation

Landmark Bancorp'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 )
	=	99.027	/	1561.672
	=	0.06

Landmark Bancorp'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 )
	=	99.027	/	1561.672
	=	0.06

Landmark Bancorp (NAS:LARK) 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.

Landmark Bancorp LT-Debt-to-Total-Asset Related Terms

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Landmark Bancorp (Landmark Bancorp) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Landmark Bancorp Inc (NAS:LARK) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

701 Poyntz Avenue, Manhattan, KS, USA, 66502

Website

https://www.banklandmark.com

Landmark Bancorp Inc is the bank holding company for Landmark National Bank, which is dedicated to providing quality financial and banking services. The bank is principally engaged in the business of attracting deposits from the general public and using such deposits, together with borrowings and other funds, to originate one-to-four-family residential real estate, construction and land, commercial real estate, commercial, agriculture, municipal and consumer loans. In addition, it also invests in certain investment and mortgage-related securities using deposits and other borrowings as funding sources. Its primary deposit gathering and lending markets are geographically diversified with locations in central, eastern, southeast, and southwest Kansas.

Executives

Richard Ball	director	2006 BROADWAY, SUITE D, GREAT BEND KS 67530
Mark A Herpich	officer: Chief Financial Officer	701 POYNTZ AVENUE, MANHATTAN KS 66052
Michael E Scheopner	officer: Executive Vice President	6701 SW HAMPTONSHIRE LANE, TOPEKA KS 66614-4464
Jim Lewis	director	800 POYNTZ AVE, MANHATTAN KS 66502
Angela S. Hurt	director	701 POYNTZ AVENUE, MANHATTAN KS 66502
Angelia K. Stanland	director	701 POYNTZ AVENUE, MANHATTAN KS 66502
Sandra J Moll	director	P.O. BOX 402, PAOLA KS 66071
Wayne R Sloan	director	1044 BRIANNA CT, MANHATTAN KS 66503
Patrick L Alexander	director, officer: President & CEO	2004 E. 175TH RD, LECOMPTON KS 66050
Mark J Oliphant	officer: Market President	800 POYNTZ AVE, MANHATTAN KS 66502
Sarah Hill-nelson	director	1311 WEST 8TH STREET, LAWRENCE KS 66044
Bradly L. Chindamo	officer: Market President	902 APRIL RAIN RD, LAWRENCE KS 66049
Larry R Heyka	officer: Market President	701 POYNTZ AVENUE, MANHATTAN KS 66502
Dean R Thibault	officer: Market President	800 POYNTZ AVENUE, MANHATTAN KS 66052
C Duane Ross	director	800 POYNTZ AVE, MANHATTAN KS 66502