SSBI (Summit State Bank) Debt-to-Asset : 0.01 (As of Mar. 2025)

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What is Summit State Bank Debt-to-Asset?

Summit State Bank's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2025 was $0.00 Mil. Summit State Bank's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2025 was $5.94 Mil. Summit State Bank's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Mar. 2025 was $1,063.36 Mil. Summit State Bank's debt to asset for the quarter that ended in Mar. 2025 was 0.01.

Summit State Bank Debt-to-Asset Historical Data

The historical data trend for Summit State Bank'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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Summit State Bank Debt-to-Asset Chart

Summit State Bank Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Debt-to-Asset

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0.07

0.06

0.04

0.01

Summit State Bank Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
Debt-to-Asset	Get a 7-Day Free Trial															0.03	0.01	0.01	0.01	0.01

Competitive Comparison of Summit State Bank's Debt-to-Asset

For the Banks - Regional subindustry, Summit State Bank'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.

Summit State Bank's Debt-to-Asset Distribution in the Banks Industry

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

* The bar in red indicates where Summit State Bank's Debt-to-Asset falls into.

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Summit State Bank Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Summit State Bank's Debt-to-Asset for the fiscal year that ended in Dec. 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	+	5.935)	/	1067.094
	=	0.01

Summit State Bank's Debt-to-Asset for the quarter that ended in Mar. 2025 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	+	5.938)	/	1063.362
	=	0.01

Summit State Bank (NAS:SSBI) 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.

Summit State Bank Debt-to-Asset Related Terms

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Summit State Bank Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Summit State Bank (NAS:SSBI) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

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Address

500 Bicentennial Way, Santa Rosa, CA, USA, 95403

Website

https://www.summitstatebank.com

Summit State Bank provides various banking products and services to individuals and businesses primarily in Sonoma County, California. It offers personal and business checking, money market, sweep, savings, and demand accounts; time certificates of deposit; and specialized deposit accounts, such as professional, small business packaged, tiered, and retirement plan accounts. The company also provides loans, including commercial loans and leases; lines of credit; commercial real estate, small business administration, residential mortgage, and construction loans; home equity lines of credit; and term and equipment loans, as well as loans to agriculture-related businesses.