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ECBK (ECB Bancorp) LT-Debt-to-Total-Asset : 0.17 (As of Sep. 2024)


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What is ECB 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. ECB Bancorp's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.17.

ECB Bancorp's long-term debt to total assets ratio declined from Sep. 2023 (0.19) to Sep. 2024 (0.17). It may suggest that ECB Bancorp is progressively becoming less dependent on debt to grow their business.

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

The historical data trend for ECB 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.

* Premium members only.

ECB Bancorp LT-Debt-to-Total-Asset Chart

ECB Bancorp Annual Data
Trend Dec20 Dec21 Dec22 Dec23 Dec24
LT-Debt-to-Total-Asset
0.03 0.01 0.16 0.18 0.17

ECB Bancorp Quarterly Data
Dec20 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.18 0.17 0.17 0.17 0.17

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

ECB Bancorp'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 )
=234/1280.335
=0.18

ECB Bancorp'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 )
=234/1357.954
=0.17

* 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.

ECB Bancorp  (NAS:ECBK) 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.

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

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ECB Bancorp Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » ECB Bancorp Inc (NAS:ECBK) » Definitions » LT-Debt-to-Total-Asset
Comparable Companies
RMBI UNB NODB QNBC SOME MCBI OVBC MNAT MNSB LYBC NSE:HDFCBANK SHSE:600036 SAU:1120 NSE:ICICIBANK SGX:D05 XPAR:BNP MIL:ISP MIL:UCG PNC NSE:SBIN
Traded in Other Exchanges
N/A
Address
419 Broadway, Everett, MA, USA, 02149
Website
https://www.everettbank.com
ECB Bancorp Inc operates as a bank holding company of Everett Co-operative Bank. The firm through its subsidiary engages in business consisting of taking deposits from the general public and investing those deposits, together with funds generated from operations, in one- to four-family residential real estate loans, commercial real estate, and multifamily real estate loans, construction and land loans and home equity lines of credit.
Executives
Brandon Lavertu officer: CAO 419 BROADWAY, EVERETT MA 01249
John A Citrano officer: EVP, COO and CFO 2 LEONARD STREET, BELMONT MA 02478
Paul A Delroy director 419 BROADWAY, EVERETT MA 01249
O'neil Richard J Jr director, officer: President and CEO 419 BROADWAY, EVERETT MA 01249
John Migliozzi officer: EVP and CLO 67 PROSPECT STREET, PEABODY MA 01960
Marjorie A White director 419 BROADWAY, EVERETT MA 01249
Dennis J Leonard director, other: Chairman of the Board 419 BROADWAY, EVERETT MA 01249
Susan Sgroi director 419 BROADWAY, EVERETT MA 01249
Joseph Sachetta director 419 BROADWAY, EVERETT MA 01249
Elizabeth P Jones director 419 BROADWAY, EVERETT MA 01249

ECB Bancorp Headlines

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