ERKH (Eureka Homestead Bancorp) LT-Debt-to-Total-Asset: 0.19 (As of Sep. 2023)

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ERKH Eureka Homestead Bancorp Inc ERKH
12 GF Score
Price $13.05
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What is Eureka Homestead Bancorp LT-Debt-to-Total-Asset?

Eureka Homestead Bancorp ERKH 12 LT-Debt-to-Total-Asset is 0.19 as of Sep. 2023. GuruFocus rates ERKH with a GF Score™ of 12/100.

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. Eureka Homestead Bancorp's long-term debt to total assests ratio for the quarter that ended in Sep. 2023 was 0.19.

Eureka Homestead Bancorp's long-term debt to total assets ratio increased from Sep. 2021 (0.17) to Sep. 2023 (0.19). It may suggest that Eureka Homestead Bancorp is progressively becoming more dependent on debt to grow their business.

Eureka Homestead Bancorp  (OTCPK:ERKH) 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.

Eureka Homestead Bancorp LT-Debt-to-Total-Asset Related Terms

Eureka Homestead Bancorp LT-Debt-to-Total-Asset Historical Data

* Premium members only.

The historical data trend for Eureka Homestead 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.

Eureka Homestead Bancorp LT-Debt-to-Total-Asset Chart

Eureka Homestead Bancorp Annual Data
Trend Dec18 Dec19 Dec20 Dec21
LT-Debt-to-Total-Asset
0.27 0.20 0.20 0.18

Eureka Homestead Bancorp Quarterly Data
Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Sep22 Sep23
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 Premium Member Only Premium Member Only Premium Member Only 0.17 0.18 0.18 0.00 0.19
ERKH
12GF Score
Eureka Homestead Bancorp Inc ERKH
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Eureka Homestead Bancorp LT-Debt-to-Total-Asset Calculation

Eureka Homestead Bancorp's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2021 is calculated as

LT Debt to Total Assets (A: Dec. 2021 )=Long-Term Debt & Capital Lease Obligation (A: Dec. 2021 )/Total Assets (A: Dec. 2021 )
=18.218/103.595
=0.18

Eureka Homestead Bancorp's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2023 is calculated as

LT Debt to Total Assets (Q: Sep. 2023 )=Long-Term Debt & Capital Lease Obligation (Q: Sep. 2023 )/Total Assets (Q: Sep. 2023 )
=19.764/103.645
=0.19

* 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.

Frequently Asked Questions Learn more about LT-Debt-to-Total-Asset →
What does a LT-Debt-to-Total-Asset of 0.19 mean?
Eureka Homestead Bancorp (ERKH) has a LT-Debt-to-Total-Asset of 0.19 as of Sep. 2023. Long-term Debt to Total Asset ratio is the ratio of total long-term debt to total assets. View historical data on Eureka Homestead Bancorp and its competitors.
Is Eureka Homestead Bancorp's LT-Debt-to-Total-Asset too high?
Eureka Homestead Bancorp's current LT-Debt-to-Total-Asset is 0.19. Overall, Eureka Homestead Bancorp has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Eureka Homestead Bancorp's LT-Debt-to-Total-Asset compare to UNTN and SNNY?
Eureka Homestead Bancorp's LT-Debt-to-Total-Asset of 0.19 can be compared against companies in the Banks industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good LT-Debt-to-Total-Asset for a Banks company?
A good LT-Debt-to-Total-Asset depends on the Banks industry context. However, LT-Debt-to-Total-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high LT-Debt-to-Total-Asset mean?
A high LT-Debt-to-Total-Asset can signal that a stock is expensive relative to its fundamentals. Long-term Debt to Total Asset ratio is the ratio of total long-term debt to total assets. View historical data on Eureka Homestead Bancorp and its competitors. Eureka Homestead Bancorp's current LT-Debt-to-Total-Asset is 0.19. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Eureka Homestead Bancorp stock overvalued right now?
Eureka Homestead Bancorp (ERKH) has a current LT-Debt-to-Total-Asset of 0.19. The current LT-Debt-to-Total-Asset is 0.19. Eureka Homestead Bancorp's overall GF Score™ is 12/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is LT-Debt-to-Total-Asset calculated?
LT-Debt-to-Total-Asset is calculated from a company's financial statements. For Eureka Homestead Bancorp (ERKH), the current LT-Debt-to-Total-Asset is 0.19 as of Sep. 2023. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Eureka Homestead Bancorp Business Description

Address 1922 Veterans Memorial Boulevard, Metairie, LA, USA, 70005
Eureka Homestead Bancorp Inc is a United States-based company involved in taking deposits, securing borrowings, and investing those funds in one-to-four-family residential real estate loans. The company also offers deposit accounts, including savings accounts, passbooks, money market accounts, and certificates of deposit.
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LT-Debt-to-Total-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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