CYFL (Century Financial) LT-Debt-to-Total-Asset : 0.01 (As of Sep. 2024)

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

Century Financial's long-term debt to total assets ratio declined from Sep. 2023 (0.01) to Sep. 2024 (0.01). It may suggest that Century Financial is progressively becoming less dependent on debt to grow their business.

Century Financial LT-Debt-to-Total-Asset Historical Data

The historical data trend for Century Financial'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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Century Financial LT-Debt-to-Total-Asset Chart

Century Financial Annual Data

Trend

Dec04

Dec05

Dec06

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.03

0.01

Century Financial 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															0.01	0.01	0.01	0.01	0.01

Century Financial LT-Debt-to-Total-Asset Calculation

Century Financial'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 )
	=	5.5	/	474.291
	=	0.01

Century Financial'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 )
	=	5	/	468.139
	=	0.01

Century Financial (OTCPK:CYFL) 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.

Century Financial LT-Debt-to-Total-Asset Related Terms

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Century Financial Business Description

Industry

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

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Address

100 West Chicago Street, Coldwater, MI, USA, 49036

Website

https://www.centurybankandtrust.com

Century Financial Corp operates in the banking industry. The Company provides financial services through its offices located in southern Michigan. Its primary deposit products are checking, savings, and term certificate accounts, and its primary lending products are residential mortgage, commercial, and installment consumer loans and trust services. It also provides wealth management services.

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