Sun Bancorp (Sun Bancorp) LT-Debt-to-Total-Asset : 0.07 (As of Sep. 2017)

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What is Sun 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. Sun Bancorp's long-term debt to total assests ratio for the quarter that ended in Sep. 2017 was 0.07.

Sun Bancorp's long-term debt to total assets ratio declined from Sep. 2016 (0.08) to Sep. 2017 (0.07). It may suggest that Sun Bancorp is progressively becoming less dependent on debt to grow their business.

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

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

Sun Bancorp Annual Data

Trend

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

LT-Debt-to-Total-Asset

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0.05

0.06

0.08

Sun Bancorp Quarterly Data
	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.08	0.08	0.08	0.08	0.07

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

Sun Bancorp's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2016 is calculated as

LT Debt to Total Assets (A: Dec. 2016 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2016 )	/	Total Assets (A: Dec. 2016 )
	=	184.494	/	2262.262
	=	0.08

Sun Bancorp's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2017 is calculated as

LT Debt to Total Assets (Q: Sep. 2017 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2017 )	/	Total Assets (Q: Sep. 2017 )
	=	142.784	/	2167.674
	=	0.07

Sun Bancorp (NAS:SNBC) 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.

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

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Sun Bancorp (Sun Bancorp) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.sunnationalbank.com

Sun Bancorp Inc is a holding company of its principal subsidiary, Bank of the United States. Through its subsidiary, it provides community banking services to consumers, small businesses and mid-size companies. Its deposit services include savings accounts, business checking and money market accounts, certificates of deposit, and cash management solutions such as online banking, electronic bill payment and wire transfer services, lockbox services, remote deposit and controlled disbursement services. The company also provides lending services to businesses include term loans, lines of credit and commercial mortgages. Additionally, it also provides home equity term loans, home equity lines of credit and installment loans. The majority of the company's revenue comes from interest income.

Executives

Patricia M Schaubeck	officer: EVP & General Counsel	C/O SUFFOLK BANCORP, 4 WEST SECOND STREET, P.O. BOX 9000, RIVERHEAD NY 11901
Sidney R Brown	director	226 LANDIS AVENUE, VINELAND NJ 08360
Nicos Katsoulis	officer: EVP/Chief Lending Officer	C/O STATE BANCORP, INC., TWO JERICHO PLAZA, JERICHO NY 11753
Michele B Estep	officer: EVP/Chief Administrative Offic, other: of Sun National Bank	226 LANDIS AVENUE, VINELAND NJ 08360
Grace C Torres	director	C/O PGIM INVESTMENTS, 655 BROAD STREET, NEWARK NJ 07102
Anthony R Coscia	director	C/O INTERCHANGE FINANCIAL SERVICES CORP, PARK 80 W PLAZA TWO, SADDLE BROOK NJ 07663
Neelesh Kalani	officer: SVP/Chief Accounting Officer	SUN BANCORP, INC., 226 LANDIS AVENUE, VINELAND PA 19087
Thomas R Brugger	officer: EVP/Chief Financial Officer	1130 BERKSHIRE BLVD, WYOMISSING PA 19610
Keith Stock	director	1819 A WEST ST ANNAPOLIS MD 21401
William J Marino	director	COMPUTER HORIZONS, 49 OLD BLOOMFIELD AVE, MOUNTAIN LAKES NJ 07046
Thomas M Obrien	director, officer: President & CEO	C/O STATE BANK OF LONG ISLAND, 2 JERICHO PLAZA, JERICHO NY 11753
Alberino J Celini	officer: EVP/Chief Risk Officer, other: of Sun National Bank	226 LANDIS AVENUE, VINELAND NJ 08360
Steven A Kass	director	226 LANDIS AVENUE, VINELAND NJ 08360
Thomas X Geisel	director, officer: President & CEO	400 RELLA BOULEVARD, MONTEBELLO NY 10901
Ross Wilbur L Jr	director, 10 percent owner	328 EL VEDADO ROAD, PALM BEACH FL 33480