CIWV (Citizens Financial WV) LT-Debt-to-Total-Asset : 0.03 (As of Dec. 2024)

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What is Citizens Financial WV 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. Citizens Financial WV's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.03.

Citizens Financial WV's long-term debt to total assets ratio increased from Sep. 2023 (0.00) to Dec. 2024 (0.03). It may suggest that Citizens Financial WV is progressively becoming more dependent on debt to grow their business.

Citizens Financial WV LT-Debt-to-Total-Asset Historical Data

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

Citizens Financial WV Annual Data

Trend

Dec05

Dec06

Dec07

Dec08

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

LT-Debt-to-Total-Asset

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0.02

0.03

Citizens Financial WV Quarterly Data
	Dec07	Mar08	Jun08	Sep08	Dec08	Mar09	Jun09	Sep09	Dec19	Dec20	Dec21	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23	Jun24	Sep24	Dec24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															-	0.03	-	-	0.03

Citizens Financial WV LT-Debt-to-Total-Asset Calculation

Citizens Financial WV'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 )
	=	19.509	/	666.706
	=	0.03

Citizens Financial WV'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 )
	=	19.509	/	666.706
	=	0.03

Citizens Financial WV (OTCPK:CIWV) 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.

Citizens Financial WV LT-Debt-to-Total-Asset Related Terms

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Citizens Financial WV Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Citizens Financial Corp WV (OTCPK:CIWV) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

211 Third Street, P.O. Box 1519, Elkins, WV, USA, 26241

Website

https://www.citizenswv.com

Citizens Financial Corp WV is a bank holding company. The company provides retail, secondary market, and commercial loans services, as well as, deposit, trust and brokerage services to customers in Randolph, Tucker, Upshur, Pocahontas and Wetzel Counties of West Virginia and nearby areas. The Bank identifies the portfolio segment as commercial non-real estate, commercial real estate, residential real estate, consumer and tax-exempt customer.