CNBZ (CNB MI) LT-Debt-to-Total-Asset : 0.00 (As of Dec. 2024)

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What is CNB MI 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 MI's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.00.

CNB MI's long-term debt to total assets ratio declined from Dec. 2023 (0.12) to Dec. 2024 (0.00). It may suggest that CNB MI is progressively becoming less dependent on debt to grow their business.

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

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

CNB MI Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

LT-Debt-to-Total-Asset

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0.12

CNB MI 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															0.12	-	-	-	-

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

CNB MI'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 )
	=	0	/	476.576
	=	0.00

CNB MI'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 )
	=	0	/	476.576
	=	0.00

CNB MI (OTCPK:CNBZ) 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 MI LT-Debt-to-Total-Asset Related Terms

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CNB MI Business Description

Industry

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

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Traded in Other Exchanges

N/A

Address

303 North Main Street, Cheboygan, MI, USA, 49721

Website

https://www.cnbismybank.com

CNB Corp MI is a one-bank holding company, that conducts no direct business activities. All business activities are performed by Citizens National Bank. The Bank provides a full range of banking services to individuals, agricultural businesses, commercial businesses, and light industries located in its service area. It maintains a diversified loan portfolio, including loans to individuals for home mortgages, automobiles, personal expenditures, and loans to business enterprises for current operations and expansion. It is headquartered in Cheboygan with offices in Onaway, Pellston, Mackinaw City, Indian River, Alanson, and Petoskey.

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