CATY (Cathay General Bancorp) LT-Debt-to-Total-Asset : 0.01 (As of Dec. 2024)

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What is Cathay General 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. Cathay General Bancorp's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.01.

Cathay General Bancorp's long-term debt to total assets ratio declined from Dec. 2023 (0.03) to Dec. 2024 (0.01). It may suggest that Cathay General Bancorp is progressively becoming less dependent on debt to grow their business.

Cathay General Bancorp LT-Debt-to-Total-Asset Historical Data

The historical data trend for Cathay General 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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Cathay General Bancorp LT-Debt-to-Total-Asset Chart

Cathay General Bancorp Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

LT-Debt-to-Total-Asset

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0.02

0.01

0.03

0.01

Cathay General Bancorp Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.03	0.02	0.02	0.01	0.01

Cathay General Bancorp LT-Debt-to-Total-Asset Calculation

Cathay General Bancorp's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (A: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2024 )	/	Total Assets (A: Dec. 2024 )
	=	227.727	/	23054.681
	=	0.01

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

LT Debt to Total Assets (Q: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2024 )	/	Total Assets (Q: Dec. 2024 )
	=	227.727	/	23054.681
	=	0.01

Cathay General Bancorp (NAS:CATY) 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.

Cathay General Bancorp LT-Debt-to-Total-Asset Related Terms

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Cathay General Bancorp Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Cathay General Bancorp (NAS:CATY) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

CN7:Germany

Address

777 North Broadway, Los Angeles, CA, USA, 90012

Website

https://www.cathaybank.com

Cathay General Bancorp is a regional bank predominantly serving the Chinese-American community. The company's policy is to reach out and actively offer services to low-to-moderate income groups in the delineated branch service areas. It predominantly provides services such as checking and deposit, lines of credits, commercial and commercial real estate loans, merchant services and payment processing, treasury management services, international banking and financing services, and other customary banking services to individuals, professionals, and small to medium-sized businesses. Through its Wealth Management unit, the company also offers investment products and services, such as stocks, bonds, mutual funds, insurance, annuities and advisory services.

Executives

Anthony M Tang	director, officer: EVP
Peter Wu	director, officer: Executive Vice Chairman/COO
Dunson K Cheng	director, officer: Chairman & President
Kim R Bingham	officer: EVP - Chief Credit Officer	CATHAY BANK, 777 NORTH BROADWAY, LOS ANGELES CA 90012
Richard Sun	director	CATHAY GENERAL BANCORP, 9650 FLAIR DRIVE, EL MONTE CA 91731
May K. Chan	officer: SVP, General Counsel	9650 FLAIR DRIVE, EL MONTE CA 91731
Shally Wang	director	9650 FLAIR DRIVE, EL MONTE CA 91731
Irwin Wong	officer: Executive Vice President
Jane H Jelenko	director	CATHAY GENERAL BANCORP, 9650 FLAIR DRIVE, EL MONTE CA 91731
Maan-huei Hung	director	CATHAY GENERAL BANCORP, 9650 FLAIR DRIVE, EL MONTE CA 91731
Lisa L. Kim	officer: EVP, General Counsel	EAST WEST BANCORP INC, 135 N. LOS ROBLES AVE., 7TH FL, PASADENA CA 91101
Chang Liu	officer: EVP, Chief Operating Officer	C/O FIRST PACTRUST BANCORP INC, 610 BAY BOULEVARD, CHULA VISTA CA 91910
Kelly L Chan	director
Mark Hakjoon Lee	officer: EVP, Chief Credit Officer	CATHAY GENERAL BANCORP, 9650 FLAIR DRIVE, EL MONTE CA 91731
Patrick Lee	director