KTHN (Katahdin Bankshares) Debt-to-Asset : 0.03 (As of Sep. 2024)

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What is Katahdin Bankshares Debt-to-Asset?

Katahdin Bankshares's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $0.00 Mil. Katahdin Bankshares's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $30.00 Mil. Katahdin Bankshares's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Sep. 2024 was $1,049.54 Mil. Katahdin Bankshares's debt to asset for the quarter that ended in Sep. 2024 was 0.03.

Katahdin Bankshares Debt-to-Asset Historical Data

The historical data trend for Katahdin Bankshares'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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Katahdin Bankshares Debt-to-Asset Chart

Katahdin Bankshares Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

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0.07

0.04

0.02

0.03

Katahdin Bankshares Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Debt-to-Asset	Get a 7-Day Free Trial															-	0.03	0.02	0.04	0.03

Competitive Comparison of Katahdin Bankshares's Debt-to-Asset

For the Banks - Regional subindustry, Katahdin Bankshares'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.

Katahdin Bankshares's Debt-to-Asset Distribution in the Banks Industry

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

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

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Katahdin Bankshares Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Katahdin Bankshares'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	+	31.534)	/	1034.246
	=	0.03

Katahdin Bankshares's Debt-to-Asset for the quarter that ended in Sep. 2024 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	+	30)	/	1049.539
	=	0.03

Katahdin Bankshares (OTCPK:KTHN) 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.

Katahdin Bankshares Debt-to-Asset Related Terms

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Katahdin Bankshares Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Katahdin Bankshares Corp (OTCPK:KTHN) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

20 Katahdin Lane, P.O. Box 36, Houlton, ME, USA, 04730

Website

https://www.katahdintrust.com

Katahdin Bankshares Corp is a part of the financial services sector. It is a state-chartered commercial bank whose deposits are insured by the Federal Deposit Insurance Corporation. Its primary business is to lend funds and accept deposits from consumers and small businesses in Aroostook and the Portland area. The Bank has full-service branches throughout northern Maine and the greater Bangor and Portland regions. Its key services include personal banking, business banking, and investments.