Preferred Bank (Preferred Bank) LT-Debt-to-Total-Asset : 0.03 (As of Sep. 2023)

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What is Preferred Bank 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. Preferred Bank's long-term debt to total assests ratio for the quarter that ended in Sep. 2023 was 0.03.

Preferred Bank's long-term debt to total assets ratio declined from Sep. 2022 (0.03) to Sep. 2023 (0.03). It may suggest that Preferred Bank is progressively becoming less dependent on debt to grow their business.

Preferred Bank LT-Debt-to-Total-Asset Historical Data

The historical data trend for Preferred Bank'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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Preferred Bank LT-Debt-to-Total-Asset Chart

Preferred Bank Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

LT-Debt-to-Total-Asset

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0.02

0.03

0.02

0.03

Preferred Bank Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.03	0.03	0.05	0.05	0.03

Preferred Bank LT-Debt-to-Total-Asset Calculation

Preferred Bank's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2022 is calculated as

LT Debt to Total Assets (A: Dec. 2022 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2022 )	/	Total Assets (A: Dec. 2022 )
	=	168.944	/	6425.358
	=	0.03

Preferred Bank's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2023 is calculated as

LT Debt to Total Assets (Q: Sep. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2023 )	/	Total Assets (Q: Sep. 2023 )
	=	166.611	/	6632.53
	=	0.03

Preferred Bank (NAS:PFBC) 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.

Preferred Bank LT-Debt-to-Total-Asset Related Terms

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Preferred Bank (Preferred Bank) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Preferred Bank (NAS:PFBC) » Definitions » LT-Debt-to-Total-Asset

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Address

601 South Figueroa Street, 48th Floor, Los Angeles, CA, USA, 90017

Website

https://www.preferredbank.com

Preferred Bank is a commercial bank located in California. Its products and services are divided into Personal Banking, Business Banking, and Commercial Banking which includes Checking accounts, Savings accounts, CDs, Loans and Credit, Electronic banking and Treasury Management. It provides personalized deposit services, real estate finance, commercial loans, and trade finance credit facilities to small and mid-sized businesses and their owners, entrepreneurs, real estate developers and investors, professionals and high-net-worth individuals. The bank generates a majority of its revenue from Southern and Northern California and Flushing.