Eastern Michigan Financial (Eastern Michigan Financial) LT-Debt-to-Total-Asset : 0.00 (As of Dec. 2006)

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What is Eastern Michigan 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. Eastern Michigan Financial's long-term debt to total assests ratio for the quarter that ended in Dec. 2006 was 0.00.

Eastern Michigan Financial's long-term debt to total assets ratio increased from Dec. 2004 (0.00) to Dec. 2006 (0.00). It may suggest that Eastern Michigan Financial is progressively becoming more dependent on debt to grow their business.

Eastern Michigan Financial LT-Debt-to-Total-Asset Historical Data

The historical data trend for Eastern Michigan 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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Eastern Michigan Financial LT-Debt-to-Total-Asset Chart

Eastern Michigan Financial Annual Data

Trend

Dec02

Dec03

Dec04

Dec05

Dec06

LT-Debt-to-Total-Asset

Eastern Michigan Financial Semi-Annual Data
	Dec02	Dec03	Dec04	Dec05	Dec06
LT-Debt-to-Total-Asset	-	-	-	-	-

Eastern Michigan Financial LT-Debt-to-Total-Asset Calculation

Eastern Michigan Financial's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2006 is calculated as

LT Debt to Total Assets (A: Dec. 2006 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2006 )	/	Total Assets (A: Dec. 2006 )
	=	0.285	/	233.383
	=	0.00

Eastern Michigan Financial's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2006 is calculated as

LT Debt to Total Assets (Q: Dec. 2006 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2006 )	/	Total Assets (Q: Dec. 2006 )
	=	0.285	/	233.383
	=	0.00

Eastern Michigan Financial (OTCPK:EFIN) 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.

Eastern Michigan Financial LT-Debt-to-Total-Asset Related Terms

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Eastern Michigan Financial (Eastern Michigan Financial) Business Description

Industry

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

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Address

65 North Howard Avenue, Croswell, MI, USA, 48422

Website

https://www.emb.bank

Eastern Michigan Financial Corp is a bank holding company. The Company through its holding provides baking products and services including personal banking, business banking and lending including diversified loans. Personal banking includes debit and credit cards, mobile banking and deposit services where Business banking includes cash management and other business-related services. The portfolio segments include commercial and industrial, agricultural, real estate related industries, other commercial loans, residential real estate, consumer and other, and home equity.

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