APLO (Apollo Bancorp) LT-Debt-to-Total-Asset : 0.14 (As of Sep. 2024)

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What is Apollo Bancorp LT-Debt-to-Total-Asset?

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. Apollo Bancorp's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.14.

Apollo Bancorp's long-term debt to total assets ratio increased from Sep. 2023 (0.08) to Sep. 2024 (0.14). It may suggest that Apollo Bancorp is progressively becoming more dependent on debt to grow their business.

Apollo Bancorp LT-Debt-to-Total-Asset Historical Data

The historical data trend for Apollo Bancorp's LT-Debt-to-Total-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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Apollo Bancorp LT-Debt-to-Total-Asset Chart

Apollo Bancorp Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

0.09

0.02

0.01

0.14

Apollo Bancorp Quarterly Data
	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial													0.08	0.14	0.13	0.13	0.14

Apollo Bancorp LT-Debt-to-Total-Asset Calculation

Apollo Bancorp's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (A: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )	/	Total Assets (A: Dec. 2023 )
	=	27.15	/	198.418
	=	0.14

Apollo Bancorp's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2024 is calculated as

LT Debt to Total Assets (Q: Sep. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2024 )	/	Total Assets (Q: Sep. 2024 )
	=	27.1	/	200.551
	=	0.14

Apollo Bancorp (OTCPK:APLO) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

Apollo Bancorp LT-Debt-to-Total-Asset Related Terms

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Apollo Bancorp Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Apollo Bancorp Inc (OTCPK:APLO) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

201 North Warren Avenue, P.O. Box 247, Apollo, PA, USA, 15613

Website

https://www.apollotrust.com

Apollo Bancorp Inc operates as a holding company. The company and its subsidiary derive substantially all their income from banking and bank-related services, which includes interest earnings on residential real estate, commercial mortgage, commercial, and consumer loan financing as well as interest-earning investment securities and a variety of deposit and fiduciary services to its customers through seven locations.