EBTC (Enterprise Bancorp) LT-Debt-to-Total-Asset : 0.05 (As of Dec. 2024)

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What is Enterprise Bancorp 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. Enterprise Bancorp's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.05.

Enterprise Bancorp's long-term debt to total assets ratio increased from Dec. 2023 (0.02) to Dec. 2024 (0.05). It may suggest that Enterprise Bancorp is progressively becoming more dependent on debt to grow their business.

Enterprise Bancorp LT-Debt-to-Total-Asset Historical Data

The historical data trend for Enterprise Bancorp'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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Enterprise Bancorp LT-Debt-to-Total-Asset Chart

Enterprise Bancorp Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

LT-Debt-to-Total-Asset

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0.02

0.05

Enterprise Bancorp 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															0.02	0.02	0.02	0.02	0.05

Enterprise Bancorp LT-Debt-to-Total-Asset Calculation

Enterprise Bancorp'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 )
	=	236.8	/	4827.726
	=	0.05

Enterprise Bancorp'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 )
	=	236.8	/	4827.726
	=	0.05

Enterprise Bancorp (NAS:EBTC) 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.

Enterprise Bancorp LT-Debt-to-Total-Asset Related Terms

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Enterprise Bancorp Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Enterprise Bancorp Inc (NAS:EBTC) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

222 Merrimack Street, Lowell, MA, USA, 01852

Website

https://www.enterprisebanking.com

Enterprise Bancorp Inc is a holding company engaged in the business of gathering deposits from the general public and investing in loans and investment securities. Through the Bank and its subsidiaries, the company offers a range of commercial, residential, and consumer loan products, deposit products, and cash management services, as well as wealth management and wealth services.

Executives

Michael T Putziger	director	C/O NEW HAMPSHIRE THRIFT BANCSHARES, 9 MAIN STREET, NEWPORT NH 03773
Joseph R Lussier	officer: EVP-Principal Subsidiary	C/O ENTERPRISE BANK, 222 MERRIMACK STREET, LOWELL MA 01852
Ken S Ansin	director	390 GOODRICH ST, LUNENBURG MA 01462
Gino J Baroni	director	222 MERRIMACK STREET, LOWELL MA 01852
Jacqueline F Moloney	director	222 MERRIMACK STREET, LOWELL MA 01852
George L Duncan	director, officer: Chief Executive Officer	222 MERRIMACK ST, LOWELL MA 01852
Stephen J Irish	officer: EVP - Principal Subsidiary	222 MERRIMACK ST, LOWELL MA 01852
Ryan C Dunn	officer: EVP-Principal Subsidiary	C/O ENTERPRISE BANK, 222 MERRIMACK STREET, LOWELL MA 01852
Mary Jane King	director	222 MERRIMACK STREET, LOWELL MA 01852
Luis M Pedroso	director	222 MERRIMACK STREET, LOWELL MA 01852
Diane J Silva	officer: EVP - Principal Subsidiary	222 MERRIMACK STREET, LOWELL MA 01852
Anita R Worden	director	C/O ENTERPRISE BANK, 222 MERRIMACK STREET, LOWELL MA 01852
John A Koutsos	director	222 MERRIMACK STREET, LOWELL MA 01852
Peter Rayno	officer: EVP - Principal Subsidiary	C/O ENTERPRISE BANK, 222 MERRIMACK STREET, LOWELL MA 01852
Keith N Soucie	officer: EVP-Principal Subsidiary	C/O ENTERPRISE BANK, 222 MERRIMACK STREET, LOWELL MA 01852