Canandaigua National (Canandaigua National) LT-Debt-to-Total-Asset : 0.13 (As of Dec. 2018)

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What is Canandaigua National 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. Canandaigua National's long-term debt to total assests ratio for the quarter that ended in Dec. 2018 was 0.13.

Canandaigua National's long-term debt to total assets ratio increased from Dec. 2016 (0.09) to Dec. 2018 (0.13). It may suggest that Canandaigua National is progressively becoming more dependent on debt to grow their business.

Canandaigua National LT-Debt-to-Total-Asset Historical Data

The historical data trend for Canandaigua National'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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Canandaigua National LT-Debt-to-Total-Asset Chart

Canandaigua National Annual Data

Trend

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

LT-Debt-to-Total-Asset

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0.09

0.11

0.09

0.11

0.13

Canandaigua National Semi-Annual Data
	Dec03	Dec04	Dec05	Dec06	Dec07	Dec08	Dec09	Dec10	Dec11	Dec12	Dec13	Dec14	Dec15	Dec16	Dec17	Dec18
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial											0.09	0.11	0.09	0.11	0.13

Canandaigua National LT-Debt-to-Total-Asset Calculation

Canandaigua National's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2018 is calculated as

LT Debt to Total Assets (A: Dec. 2018 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2018 )	/	Total Assets (A: Dec. 2018 )
	=	356.869	/	2862.493
	=	0.12

Canandaigua National's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2018 is calculated as

LT Debt to Total Assets (Q: Dec. 2018 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2018 )	/	Total Assets (Q: Dec. 2018 )
	=	356.869	/	2862.493
	=	0.12

Canandaigua National (OTCPK:CNND) 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.

Canandaigua National LT-Debt-to-Total-Asset Related Terms

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Canandaigua National (Canandaigua National) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Canandaigua National Corp (OTCPK:CNND) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

72 South Main Street, Canandaigua, NY, USA, 14424

Website

https://www.cnbank.com

Canandaigua National Corp is a bank holding company. The company provides a full range of financial services such as banking, trust, investment, and insurance services to individuals, corporations, and municipalities.

Executives

Joseph L Dugan	officer: Executive Vice President, other: Officer of subsidiaries	72 SOUTH MAIN STREET, CANANDAIGUA NY 14424
David R Morrow	other: Officer of Subsidiary	72 S. MAIN ST., CANANDAIGUA NY 14424

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