Xenith Bankshares (Xenith Bankshares) LT-Debt-to-Total-Asset : 0.04 (As of Sep. 2017)

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What is Xenith 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. Xenith Bankshares's long-term debt to total assests ratio for the quarter that ended in Sep. 2017 was 0.04.

Xenith Bankshares's long-term debt to total assets ratio declined from Sep. 2016 (0.07) to Sep. 2017 (0.04). It may suggest that Xenith Bankshares is progressively becoming less dependent on debt to grow their business.

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

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

Xenith Bankshares Annual Data

Trend

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

LT-Debt-to-Total-Asset

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0.11

0.10

0.03

0.07

Xenith Bankshares 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															0.07	0.07	0.03	0.01	0.04

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

Xenith Bankshares'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 )
	=	210.813	/	3267.192
	=	0.06

Xenith Bankshares'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 )
	=	144.197	/	3255.771
	=	0.04

Xenith Bankshares (NAS:XBKS) 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.

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

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Xenith Bankshares (Xenith Bankshares) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Xenith Bankshares Inc (NAS:XBKS) » Definitions » LT-Debt-to-Total-Asset

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Address

Website

https://www.xenithbank.com

Xenith Bankshares Inc. is US-based commercial bank which is engaged in general community and commercial banking business. The company offers a broad range of interest-bearing and noninterest-bearing deposit accounts, including commercial and retail checking accounts. It provides loan and advances and lending products to commercial and industrial, construction, real estate-commercial mortgage, real estate-residential mortgage and for various business purposes. The company also offers mortgage banking services such as originating and processing mortgage loans for sale to the secondary market. Its reportable segments are mortgage and corporate. The company's primary source of revenue comprises of interest income and fees earned from lending and investment activities.