COSO (CoastalSouth Bancshares) LT-Debt-to-Total-Asset : 0.01 (As of Sep. 2024)

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What is CoastalSouth Bancshares 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. CoastalSouth Bancshares's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.01.

CoastalSouth Bancshares's long-term debt to total assets ratio increased from Sep. 2023 (0.00) to Sep. 2024 (0.01). It may suggest that CoastalSouth Bancshares is progressively becoming more dependent on debt to grow their business.

CoastalSouth Bancshares LT-Debt-to-Total-Asset Historical Data

The historical data trend for CoastalSouth Bancshares'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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CoastalSouth Bancshares LT-Debt-to-Total-Asset Chart

CoastalSouth Bancshares Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.01

0.13

0.02

0.07

0.03

CoastalSouth Bancshares Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															-	0.03	0.01	0.01	0.01

CoastalSouth Bancshares LT-Debt-to-Total-Asset Calculation

CoastalSouth Bancshares'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 )
	=	64.682	/	2028.599
	=	0.03

CoastalSouth Bancshares's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2024 is calculated as

LT Debt to Total Assets (Q: Sep. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2024 )	/	Total Assets (Q: Sep. 2024 )
	=	14.718	/	2129.346
	=	0.01

CoastalSouth Bancshares (OTCPK:COSO) 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.

CoastalSouth Bancshares LT-Debt-to-Total-Asset Related Terms

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CoastalSouth Bancshares Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » CoastalSouth Bancshares Inc (OTCPK:COSO) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

5 Bow Circle, Hilton Head Island, SC, USA, 29928

Website

https://www.coastalstatesbank.com

CoastalSouth Bancshares Inc is a bank holding company. It offers full-service banking services designed to meet the needs of retail and commercial customers in the markets in which it operates. The services offered include transaction and savings deposit accounts, commercial and consumer lending, mortgage banking, and other activities related to commercial banking. It operates nearly 11 retail banking branches in three retail main retail markets, the Lowcountry of South Carolina, Savannah, Georgia, and metro Atlanta, Georgia.