FPBC (First Pacific Bancorp) LT-Debt-to-Total-Asset : 0.08 (As of Jun. 2024)

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What is First Pacific 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. First Pacific Bancorp's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.08.

First Pacific Bancorp's long-term debt to total assets ratio declined from Mar. 2023 (0.13) to Jun. 2024 (0.08). It may suggest that First Pacific Bancorp is progressively becoming less dependent on debt to grow their business.

First Pacific Bancorp LT-Debt-to-Total-Asset Historical Data

The historical data trend for First Pacific 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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First Pacific Bancorp LT-Debt-to-Total-Asset Chart

First Pacific Bancorp Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

LT-Debt-to-Total-Asset

0.08

0.13

0.10

0.04

0.18

First Pacific Bancorp Quarterly Data
	Mar07	Jun07	Sep07	Dec18	Dec19	Dec20	Mar21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Mar24	Jun24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial												0.13	0.14	0.12	0.11	0.08

First Pacific Bancorp LT-Debt-to-Total-Asset Calculation

First Pacific Bancorp's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2022 is calculated as

LT Debt to Total Assets (A: Dec. 2022 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2022 )	/	Total Assets (A: Dec. 2022 )
	=	65	/	366.707
	=	0.18

First Pacific Bancorp's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2024 is calculated as

LT Debt to Total Assets (Q: Jun. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2024 )	/	Total Assets (Q: Jun. 2024 )
	=	35	/	430.439
	=	0.08

First Pacific Bancorp (OTCPK:FPBC) 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.

First Pacific Bancorp LT-Debt-to-Total-Asset Related Terms

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First Pacific Bancorp Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » First Pacific Bancorp (OTCPK:FPBC) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

16011 E. Whittier Boulevard, Whittier, CA, USA, 90603

Website

https://www.firstpacbank.com

First Pacific Bancorp is engaged in the banking business , it is a relationship-focused bank that offers custom financial solutions for individuals and businesses. It offers services such as mobile banking, consumer loans, personal online banking, personal savings and checking plans, business professional services, cash management services, and additional financial services among others. Its principal source of revenue is providing loans to customers, who are small and middle-market businesses and individuals.