GNTY (Guaranty Bancshares) LT-Debt-to-Total-Asset : 0.01 (As of Sep. 2024)

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What is Guaranty Bancshares 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. Guaranty Bancshares's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.01.

Guaranty Bancshares's long-term debt to total assets ratio declined from Sep. 2023 (0.07) to Sep. 2024 (0.01). It may suggest that Guaranty Bancshares is progressively becoming less dependent on debt to grow their business.

Guaranty Bancshares LT-Debt-to-Total-Asset Historical Data

The historical data trend for Guaranty Bancshares'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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Guaranty Bancshares LT-Debt-to-Total-Asset Chart

Guaranty Bancshares Annual Data

Trend

Dec04

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.03

0.05

0.02

0.10

0.06

Guaranty Bancshares Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.07	0.06	0.04	0.03	0.01

Guaranty Bancshares LT-Debt-to-Total-Asset Calculation

Guaranty Bancshares's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (A: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )	/	Total Assets (A: Dec. 2023 )
	=	185.785	/	3184.791
	=	0.06

Guaranty Bancshares's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2024 is calculated as

LT Debt to Total Assets (Q: Sep. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2024 )	/	Total Assets (Q: Sep. 2024 )
	=	43.885	/	3097.105
	=	0.01

Guaranty Bancshares (NYSE:GNTY) 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.

Guaranty Bancshares LT-Debt-to-Total-Asset Related Terms

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Guaranty Bancshares Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Guaranty Bancshares Inc (NYSE:GNTY) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

16475 Dallas Parkway, Suite 600, Addison, TX, USA, 75001

Website

https://www.gnty.com

Guaranty Bancshares Inc is a bank holding company conducting banking activities through its wholly-owned subsidiary. The company provides its customers with a full array of relationship-driven commercial and consumer banking products and services, as well as mortgage, trust, and wealth management products and services that are tailored to meet the needs of small and medium-sized businesses, professionals, and individuals. It also provides other services such as Credit cards, Personal Loans, Business Checking, Treasury Management, and other related services. The company generates its revenue from interest on loans and investments, customer service and loan fees, fees related to the sale of mortgage loans, and trust and wealth management services.

Executives

Tyson T Abston	director, officer: Chairman and CEO	201 SOUTH JEFFERSON AVENUE, MOUNT PLEASANT TX 75455
William Travis Brown	officer: Austin Area Chairman	P.O. BOX 1158, MT. PLEASANT TX 75455
James S. Bunch	director	201 SOUTH JEFFERSON AVENUE, MOUNT PLEASANT TX 75455
Robert P. Sharp	officer: EVP - Guaranty Bank & Trust	201 SOUTH JEFFERSON AVENUE, MOUNT PLEASANT TX 75455
Lisa S. Gallerano	officer: VP and General Counsel	16475 DALLAS PARKWAY, SUITE 600, ADDISON TX 75001
Lower Harold E. Ii	officer: EVP - Guaranty Bank & Trust	201 SOUTH JEFFERSON AVENUE, MOUNT PLEASANT TX 75455
Jeffrey W Brown	director	1400 LAKE HEARN DR, ATLANTA GA 30319
Shalene A. Jacobson	officer: Senior VP & Chief Risk Officer	16475 DALLAS PKWY, SUITE 100, ADDISON TX 75001
Charles A. Cowell	officer: Chm. & EVP-Guaranty Bank&Trust	201 SOUTH JEFFERSON AVENUE, MOUNT PLEASANT TX 75455
Richard W. Baker	director	201 SOUTH JEFFERSON AVENUE, MOUNT PLEASANT TX 75455
Sondra Cunningham	director	P.O. BOX 1158, MT. PLEASANT TX 75455
Molly Curl	director	201 SOUTH JEFFERSON AVENUE, MOUNT PLEASANT TX 75455
Martin C Bell	officer: EVP - Guaranty Bank & Trust	201 SOUTH JEFFERSON AVENUE, MOUNT PLEASANT TX 75455
Randall R. Kucera	officer: VP and General Counsel	201 SOUTH JEFFERSON AVENUE, MOUNT PLEASANT TX 75455
William D. Priefert	director	201 SOUTH JEFFERSON AVENUE, MOUNT PLEASANT TX 75455