Entegra Financial (Entegra Financial) LT-Debt-to-Total-Asset : 0.13 (As of Sep. 2019)

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What is Entegra 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. Entegra Financial's long-term debt to total assests ratio for the quarter that ended in Sep. 2019 was 0.13.

Entegra Financial's long-term debt to total assets ratio declined from Sep. 2018 (0.14) to Sep. 2019 (0.13). It may suggest that Entegra Financial is progressively becoming less dependent on debt to grow their business.

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

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

Entegra Financial Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

LT-Debt-to-Total-Asset

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0.08

0.17

0.24

0.16

0.15

Entegra Financial Quarterly Data
	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.14	0.15	0.14	0.14	0.13

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

Entegra Financial's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2018 is calculated as

LT Debt to Total Assets (A: Dec. 2018 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2018 )	/	Total Assets (A: Dec. 2018 )
	=	237.232	/	1636.441
	=	0.14

Entegra Financial's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2019 is calculated as

LT Debt to Total Assets (Q: Sep. 2019 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2019 )	/	Total Assets (Q: Sep. 2019 )
	=	224.396	/	1704.023
	=	0.13

Entegra Financial (NAS:ENFC) 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.

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

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Entegra Financial (Entegra Financial) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Entegra Financial Corp (NAS:ENFC) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

N/A

Address

14 One Center Court, Franklin, NC, USA, 28734

Website

https://www.entegrabank.com

Entegra Financial Corp is a bank holding company for Entegra Bank. It is a chartered savings bank that operates through Retail Banking segment. The firm provides a range of financial services through full-service offices located in Cherokee, Henderson, Jackson, Macon, Polk and Transylvania counties, North Carolina and Anderson, Greenville, and Spartanburg counties, South Carolina. Its business activities include accepting deposits from individuals and small businesses and investing it along with funds generated from operations and borrowings, primarily in loans secured by real estate, including commercial real estate loans, one- to four-family residential loans, construction loans, and home equity loans and lines of credit.