ANDC (Andover Bancorp) Debt-to-Asset : 0.02 (As of Dec. 2023)

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What is Andover Bancorp Debt-to-Asset?

Andover Bancorp's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.00 Mil. Andover Bancorp's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $9.85 Mil. Andover Bancorp's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Dec. 2023 was $558.02 Mil. Andover Bancorp's debt to asset for the quarter that ended in Dec. 2023 was 0.02.

Andover Bancorp Debt-to-Asset Historical Data

The historical data trend for Andover Bancorp's Debt-to-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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Andover Bancorp Debt-to-Asset Chart

Andover Bancorp Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

0.04

0.03

0.05

0.02

Andover Bancorp Semi-Annual Data
	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Asset	Get a 7-Day Free Trial				0.03	-	0.05	0.03	0.02

Competitive Comparison of Andover Bancorp's Debt-to-Asset

For the Banks - Regional subindustry, Andover Bancorp's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Andover Bancorp's Debt-to-Asset Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Andover Bancorp's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where Andover Bancorp's Debt-to-Asset falls into.

Andover Bancorp Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Andover Bancorp's Debt-to-Asset for the fiscal year that ended in Dec. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(0	+	9.852)	/	558.019
	=	0.02

Andover Bancorp's Debt-to-Asset for the quarter that ended in Dec. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(0	+	9.852)	/	558.019
	=	0.02

Andover Bancorp (OTCPK:ANDC) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

Andover Bancorp Debt-to-Asset Related Terms

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Andover Bancorp Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Andover Bancorp Inc (OTCPK:ANDC) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

600 East Main Street, PO Box 1300, Andover, OH, USA, 44003

Website

https://www.andover.bank

Andover Bancorp Inc is a United States-based holding company for Andover bank. The bank is a locally owned and independent community bank. It provides banking services to personal and business customers. The bank provides a full range of banking products including; consumer, mortgage, and commercial loans; checking, savings, and others. The majority of the company's revenue is generated from retail lending activities.