CNBP (Cornerstone Bancorp) LT-Debt-to-Total-Asset : 0.00 (As of Mar. 2023)

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What is Cornerstone 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. Cornerstone Bancorp's long-term debt to total assests ratio for the quarter that ended in Mar. 2023 was 0.00.

Cornerstone Bancorp's long-term debt to total assets ratio stayed the same from Mar. 2022 (0.00) to Mar. 2023 (0.00).

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

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

Cornerstone Bancorp Annual Data

Trend

Dec00

Dec01

Dec02

Dec03

Dec04

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.03

0.02

Cornerstone Bancorp Quarterly Data
	Mar04	Jun04	Sep04	Dec04	Mar05	Jun05	Sep05	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															-	-	0.02	-	0.02

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

Cornerstone 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 )
	=	18.073	/	958.795
	=	0.02

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

LT Debt to Total Assets (Q: Mar. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2023 )	/	Total Assets (Q: Mar. 2023 )
	=	0	/	957.763
	=	0.00

Cornerstone Bancorp (OTCPK:CNBP) 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.

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

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Cornerstone Bancorp Business Description

Industry

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

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Traded in Other Exchanges

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Address

One West Northwest Highway, Palatine, IL, USA, 60067

Website

https://www.cnbtc.bank

Cornerstone Bancorp Inc provides financial services to individuals and businesses. It offers commercial banking and investment services such as demand deposits, savings, money market, and term certificate accounts, and commercial mortgage loans. The company is also engaged in providing commercial lending services which include equipment, real estate, and construction loans. Its target client base consists of individuals and businesses in the Chicago metropolitan area.