EBSH (Empire Bancshares) LT-Debt-to-Total-Asset : 0.04 (As of Dec. 2022)

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What is Empire 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. Empire Bancshares's long-term debt to total assests ratio for the quarter that ended in Dec. 2022 was 0.04.

Empire Bancshares's long-term debt to total assets ratio increased from Dec. 2020 (0.02) to Dec. 2022 (0.04). It may suggest that Empire Bancshares is progressively becoming more dependent on debt to grow their business.

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

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

Empire Bancshares Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

LT-Debt-to-Total-Asset

0.01

0.02

0.04

Empire Bancshares Semi-Annual Data
	Dec19	Dec20	Dec21	Dec22
LT-Debt-to-Total-Asset	0.01	0.02	-	0.04

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

Empire Bancshares's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2022 is calculated as

LT Debt to Total Assets (A: Dec. 2022 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2022 )	/	Total Assets (A: Dec. 2022 )
	=	6.937	/	177.456
	=	0.04

Empire Bancshares's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2022 is calculated as

LT Debt to Total Assets (Q: Dec. 2022 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2022 )	/	Total Assets (Q: Dec. 2022 )
	=	6.937	/	177.456
	=	0.04

Empire Bancshares (OTCPK:EBSH) 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.

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

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Empire Bancshares Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

144 East High Street, PO Box 283, Hicksville, OH, USA, 43526

Website

https://www.thb.bank

Empire Bancshares Inc through its subsidiary is engaged in providing banking products and services. It offers personal, and business banking products and services; and also offers loan services to its customers.

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