MLGF (Malaga Financial) Debt-to-Asset : 0.23 (As of Dec. 2023)

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What is Malaga Financial Debt-to-Asset?

Malaga Financial's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.00 Mil. Malaga Financial's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $333.40 Mil. Malaga Financial's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Dec. 2023 was $1,474.74 Mil. Malaga Financial's debt to asset for the quarter that ended in Dec. 2023 was 0.23.

Malaga Financial Debt-to-Asset Historical Data

The historical data trend for Malaga Financial'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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Malaga Financial Debt-to-Asset Chart

Malaga Financial Annual Data

Trend

Dec04

Dec05

Dec06

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

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0.23

0.22

0.19

0.20

0.23

Malaga Financial Semi-Annual Data
	Dec02	Dec03	Dec04	Dec05	Dec06	Dec17	Dec18	Dec19	Dec20	Dec21	Dec22	Dec23
Debt-to-Asset	Get a 7-Day Free Trial							0.23	0.22	0.19	0.20	0.23

Competitive Comparison of Malaga Financial's Debt-to-Asset

For the Banks - Regional subindustry, Malaga Financial'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.

Malaga Financial's Debt-to-Asset Distribution in the Banks Industry

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

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

Malaga Financial Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Malaga Financial'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	+	333.404)	/	1474.741
	=	0.23

Malaga Financial'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	+	333.404)	/	1474.741
	=	0.23

Malaga Financial (OTCPK:MLGF) 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.

Malaga Financial Debt-to-Asset Related Terms

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Malaga Financial Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Malaga Financial Corp (OTCPK:MLGF) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

2514 Via Tejon, Palos Verdes Estates, CA, USA, 90274

Website

https://www.malagabank.com

Malaga Financial Corp is a full-service community bank. It bank is a real estate lender concentrating on financing apartments, construction projects, and single-family residences. Its operations are related to traditional banking activities, including the acceptance of deposits and the lending and investing of money. Its customers consist of individuals and small-to-midsize businesses located in the Palos Verdes Peninsula and adjoining areas of Los Angeles and Orange Counties, California.