CCNE (CNB Financial) LT-Debt-to-Total-Asset : 0.02 (As of Dec. 2024)

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What is CNB Financial 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. CNB Financial's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.02.

CNB Financial's long-term debt to total assets ratio declined from Dec. 2023 (0.03) to Dec. 2024 (0.02). It may suggest that CNB Financial is progressively becoming less dependent on debt to grow their business.

CNB Financial LT-Debt-to-Total-Asset Historical Data

The historical data trend for CNB Financial'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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CNB Financial LT-Debt-to-Total-Asset Chart

CNB Financial Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

LT-Debt-to-Total-Asset

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0.02

0.03

0.02

CNB Financial 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	0.03	0.02	0.02	0.02

CNB Financial LT-Debt-to-Total-Asset Calculation

CNB Financial'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 )
	=	145.505	/	6192.01
	=	0.02

CNB Financial'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 )
	=	145.505	/	6192.01
	=	0.02

CNB Financial (NAS:CCNE) 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.

CNB Financial LT-Debt-to-Total-Asset Related Terms

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CNB Financial Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » CNB Financial Corp (NAS:CCNE) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

CCNEP.PFD:USA

Address

1 South Second Street, P.O. Box 42, Clearfield, PA, USA, 16830

Website

https://www.cnbbank.bank

CNB Financial Corp is providing integrated financial solutions, which create value for both consumers and businesses. These solutions encompass deposit accounts, private banking, real estate, commercial, industrial, residential and consumer loans and lines of credit, credit cards, treasury services, online banking, mobile banking, merchant credit card processing, remote deposit and accounts receivable handling. It derives revenue through the operations as a full-service bank engaging in a full range of banking activities and services, including trust and wealth management services, for individual, business, governmental, and institutional customers. The company branch are located in Pennsylvania, Ohio, New York and Virginia.

Executives

Angela D. Wilcoxson	officer: EVP/Commercial Banking	1836 CURRY LANE, TWINSBURG OH 44087
Martin T. Griffith	officer: EVP/Community Banking	132 LAKEFRONT BLVD., UNIT 703, BUFFALO NY 14202
Leanne D Kassab	officer: Senior Vice President	921 CUMBERLAND ST, CLEARFIELD PA 16830
Shilling Steven R Shaffner	officer: EVP/Wealth & Assset Management	103 3RD STREET, COCHRANTON PA 16314
Michael D Peduzzi	officer: President & COO	31 SOUTH SECOND STREET, CLEARFIELD PA 16830
Jeffrey S Powell	director	101 BRENTWOOD DRIVE, PHILIPSBURG PA 16866
Julie M. Young	director	6739 KENSINGTON WAY, WORTHINGTON OH 43085
Scott Nicholas N. Jr.	director	6428 FAIR OAKS CIRCLE, FAIRVIEW PA 16415
N. Michael Obi	director	489 PIERSON DR., RICHMOND HEIGHTS OH 44143
Renee Richard	director	31 S 2ND STREET, CLEARFIELD PA 16830
Straub Francis X Iii	director	342 W THERESIA RD, ST. MARY'S PA 15857
Peter F Smith	director	C/O CNB FINANCIAL CORP, 102 ELIZABETH ST, CLEARFIELD PA 16830
Heather J. Koptchak	officer: SVP/Chief ofEmployee Resources	31 S 2ND STREET, CLEARFIELD PA 16830
Deborah Dick Pontzer	director
Tito L Lima	officer: EVP/CFO	212 TOWHEE DRIVE, BOALSBURG PA 16827