Community Bancorp (Community Bancorp) LT-Debt-to-Total-Asset : 0.06 (As of Dec. 2023)

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What is Community 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. Community Bancorp's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.06.

Community Bancorp's long-term debt to total assets ratio increased from Dec. 2022 (0.01) to Dec. 2023 (0.06). It may suggest that Community Bancorp is progressively becoming more dependent on debt to grow their business.

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

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

Community Bancorp Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.02

0.01

0.06

Community Bancorp Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.01	0.01	0.05	0.06	0.06

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

Community 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 )
	=	67.487	/	1099.345
	=	0.06

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

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	67.487	/	1099.345
	=	0.06

Community Bancorp (OTCPK:CMTV) 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.

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

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Community Bancorp (Community Bancorp) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

4811 US Route 5, Derby, VT, USA, 05829

Website

https://www.communitybancorpvt.com

Community Bancorp Inc is a holding company that provides a complete line of personal and business banking services with personal services and solutions. It mainly offers Business banking, Commercial real estate lending, residential real estate lending, Retail credit, Municipal and Institutional Banking, and Retail Banking. The company's product and service portfolio consists of deposit services, loan services, investment services, mortgages, business lending, and others. The bank offers a complete line of personal and business products and services along with offerings for non-profit organizations, municipalities and local governments.

Executives

Aminta K Conant	director	4811 US ROUTE 5, DERBY VT 05829
David Mark Bouffard	director	33 MOUNTAIN VIEW DRIVE, NEWPORT VT 05855
Carol Martin	director	4811 US ROUTE 5, DERBY VT 05829
Bruce D Baker	director	4811 US ROUTE 5, DERBY VT 05829
Wheeler James G. Jr.	director	4811 US ROUTE 5, DERBY VT 05829
Jeffrey Lee Moore	director	4811 US ROUTE 5, DERBY VT 05829
Christopher L. Caldwell	officer: EVP & Chief Lending Officer	4811 US ROUTE 5, DERBY VT 05829
Emma Marvin	director	4811 US ROUTE 5, DERBY VT 05829
Leslie Delhaie	officer: EVP/COIO	4811 US ROUTE 5, DERBY VT 05829
Louise M Bonvechio	officer: Vice President & CFO	4811 US ROUTE 5, DERBY VT 05829
Jacques R Couture	director	4811 US ROUTE 5, DERBY VT 05829
Frederic Oeschger	director	4811 US ROUTE 5, DERBY VT 05829
David Laforce	director	4811 US ROUTE 5, DERBY VT 05829
Dorothy R Mitchell	director	4811 US ROUTE 5, DERBY VT 05829
Kathryn M Austin	officer: Executive Vice President	4811 US ROUTE 5, DERBY VT 05829

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