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CNBZ (CNB MI) Liabilities-to-Assets : 0.98 (As of Dec. 2024)


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What is CNB MI Liabilities-to-Assets?

Liabilities-to-Assets is a solvency ratio indicating how much of the company’s assets are made of liabilities, calculated as total liabilities divided by total asset. CNB MI's Total Liabilities for the quarter that ended in Dec. 2024 was $466.26 Mil. CNB MI's Total Assets for the quarter that ended in Dec. 2024 was $476.58 Mil. Therefore, CNB MI's Liabilities-to-Assets Ratio for the quarter that ended in Dec. 2024 was 0.98.


CNB MI Liabilities-to-Assets Historical Data

The historical data trend for CNB MI's Liabilities-to-Assets 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.

* Premium members only.

CNB MI Liabilities-to-Assets Chart

CNB MI Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Liabilities-to-Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.92 0.94 1.00 0.98 0.98

CNB MI Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
Liabilities-to-Assets Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.98 0.99 0.98 0.97 0.98

Competitive Comparison of CNB MI's Liabilities-to-Assets

For the Banks - Regional subindustry, CNB MI's Liabilities-to-Assets, along with its competitors' market caps and Liabilities-to-Assets 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.


CNB MI's Liabilities-to-Assets Distribution in the Banks Industry

For the Banks industry and Financial Services sector, CNB MI's Liabilities-to-Assets distribution charts can be found below:

* The bar in red indicates where CNB MI's Liabilities-to-Assets falls into.


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CNB MI Liabilities-to-Assets Calculation

Liabilities-to-Assets ratio measures the portion of the total liabilities to the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.

Liabilities-to-Assets ratio is calculated by dividing total liabilities by total asset.

CNB MI's Liabilities-to-Assets Ratio for the fiscal year that ended in Dec. 2024 is calculated as:

Liabilities-to-Assets (A: Dec. 2024 )=Total Liabilities/Total Assets
=466.262/476.584
=0.98

CNB MI's Liabilities-to-Assets Ratio for the quarter that ended in Dec. 2024 is calculated as

Liabilities-to-Assets (Q: Dec. 2024 )=Total Liabilities/Total Assets
=466.262/476.584
=0.98

* 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.


CNB MI  (OTCPK:CNBZ) Liabilities-to-Assets Explanation

Liabilities-to-Assets is a solvency ratio indicating how much of the company’s assets are made of liabilities. It can vary greatly across different industries, as they have different capital structure. A high Liabilities-to-Assets ratio (more leveraged) suggests that the company might have potential solvency problems, or even a signal of financial distress. Conversely, a low Liabilities-to-Assets ratio usually indicates a healthy financial situation. However, it may also suggest that the company is not expanding or not making good use of debt.


CNB MI Liabilities-to-Assets Related Terms

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CNB MI Business Description

Traded in Other Exchanges
N/A
Address
303 North Main Street, Cheboygan, MI, USA, 49721
CNB Corp MI is a one-bank holding company, that conducts no direct business activities. All business activities are performed by Citizens National Bank. The Bank provides a full range of banking services to individuals, agricultural businesses, commercial businesses, and light industries located in its service area. It maintains a diversified loan portfolio, including loans to individuals for home mortgages, automobiles, personal expenditures, and loans to business enterprises for current operations and expansion. It is headquartered in Cheboygan with offices in Onaway, Pellston, Mackinaw City, Indian River, Alanson, and Petoskey.

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