Primis Financial (FRA:7H80) LT-Debt-to-Total-Asset : 0.03 (As of Sep. 2023)

View and export this data going back to 2020. Start your Free Trial

What is Primis 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. Primis Financial's long-term debt to total assests ratio for the quarter that ended in Sep. 2023 was 0.03.

Primis Financial's long-term debt to total assets ratio declined from Sep. 2022 (0.07) to Sep. 2023 (0.03). It may suggest that Primis Financial is progressively becoming less dependent on debt to grow their business.

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

The historical data trend for Primis 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.

* Premium members only.

Primis Financial LT-Debt-to-Total-Asset Chart

Primis Financial Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

Get a 7-Day Free Trial

0.02

0.07

0.06

0.12

0.04

Primis Financial Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.12	0.03	0.03	0.03	0.04

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

Primis Financial'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 )
	=	402.219	/	3371.531
	=	0.12

Primis Financial'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 )
	=	89.506	/	3573.507
	=	0.03

Primis Financial (FRA:7H80) 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.

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

Thank you for viewing the detailed overview of Primis Financial's LT-Debt-to-Total-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

Primis Financial (FRA:7H80) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Primis Financial Corp (FRA:7H80) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

FRST:USA

Address

6830 Old Dominion Drive, McLean, VA, USA, 22101

Website

https://www.primisbank.com

Primis Financial Corp is the bank holding company for Primis Bank, providing financial services to individuals and small and medium-sized businesses. Primis Bank offers a wide range of commercial banking services, it focuses on making loans secured majorly by commercial real estate and other types of secured and unsecured commercial loans to small and medium-sized businesses in a number of industries, as well as loans to individuals for a variety of purposes. Primis Bank offers a broad range of deposit products, including checking (NOW), savings, money market accounts and certificates of deposit.

Primis Financial (FRA:7H80) Headlines

No Headlines