Uwharrie Capital (Uwharrie Capital) LT-Debt-to-Total-Asset : 0.03 (As of Mar. 2024)

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What is Uwharrie Capital 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. Uwharrie Capital's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.03.

Uwharrie Capital's long-term debt to total assets ratio declined from Mar. 2023 (0.03) to Mar. 2024 (0.03). It may suggest that Uwharrie Capital is progressively becoming less dependent on debt to grow their business.

Uwharrie Capital LT-Debt-to-Total-Asset Historical Data

The historical data trend for Uwharrie Capital'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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Uwharrie Capital LT-Debt-to-Total-Asset Chart

Uwharrie Capital Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.02

0.01

0.03

Uwharrie Capital Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.03	0.03	0.03	0.03	0.03

Uwharrie Capital LT-Debt-to-Total-Asset Calculation

Uwharrie Capital'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 )
	=	29.104	/	1072.591
	=	0.03

Uwharrie Capital's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (Q: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2024 )	/	Total Assets (Q: Mar. 2024 )
	=	29.123	/	1096.666
	=	0.03

Uwharrie Capital (OTCPK:UWHR) 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.

Uwharrie Capital LT-Debt-to-Total-Asset Related Terms

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Uwharrie Capital (Uwharrie Capital) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Uwharrie Capital Corp (OTCPK:UWHR) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

132 North First Street, Albemarle, NC, USA, 28001

Website

https://www.uwharrie.com

Uwharrie Capital Corp is a bank holding company. The bank engages in noncommercial loans and commercial banking. It provides a range of banking services, including deposit accounts, home equity and residential mortgage loans, safe deposit boxes and electronic banking services. The bank offers traditional commercial and consumer banking services, including personal and commercial checking and savings accounts, money market accounts, individual retirement accounts, and related business and individual banking services. Its lending activities include commercial and consumer type loans to individuals, including mortgage loans, equity lines of credit and overdraft checking credit. The bank generates revenue through the source of interest, dividend, and others.

Executives

Mary N Klauder	director	PO BOX 338, ALBEMARLE NC 28002-0338
Matthew D. Mcaulay	director	PO BOX 338, ALBEMARLE NC 28002-0338
Aaron David Bates	director	PO BOX 338, ALBEMARLE NC 28001
Vanessa O Chambers	director	PO BOX 338, ALBEMARLE NC 28002-0338
Cynthia B Hanson	director	PO BOX 338, ALBEMARLE NC 28002-0338
Stephen C Seltzer	director	PO BOX 338, ALBEMARLE NC 28002-0338
Tamara M Singletary	officer: EVP & Corporate Secretary	PO BOX 338, ALBEMARLE NC 28002-0338
Brooke L Senter	officer: Chief People Officer	PO BOX 338, ALBEMARLE NC 28002-0338
Cheryl P Rinehardt	officer: Chief Credit Officer	PO BOX 338, ALBEMARLE NC 28002-0338
Heather H Almond	officer: Chief Financial Officer	PO BOX 338, ALBEMARLE NC 28002-0338
Jeffrey L Trout	officer: President UB Mortgage	PO BOX 338, ALBEMARLE NC 28002-0338
Jason R Andrew	officer: Chief Information Officer	PO BOX 338, ALBEMARLE NC 28002-0338
Merlin Amirtharaj	director	PO BOX 338, ALBEMARLE NC 28002-0338
Matthew R Hudson	director	PO BOX 338, ALBEMARLE NC 28002-0338
Chris M Poplin	director	PO BOX 338, ALBEMARLE NC 28002-0338

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