GVYB (Golden VY Bancshares) LT-Debt-to-Total-Asset : 0.01 (As of Sep. 2024)

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

Golden VY Bancshares's long-term debt to total assets ratio increased from Sep. 2023 (0.01) to Sep. 2024 (0.01). It may suggest that Golden VY Bancshares is progressively becoming more dependent on debt to grow their business.

Golden VY Bancshares LT-Debt-to-Total-Asset Historical Data

The historical data trend for Golden VY 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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Golden VY Bancshares LT-Debt-to-Total-Asset Chart

Golden VY Bancshares Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.09

0.02

0.01

Golden VY 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															0.01	0.01	0.01	0.01	0.01

Golden VY Bancshares LT-Debt-to-Total-Asset Calculation

Golden VY 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 )
	=	5.843	/	488.564
	=	0.01

Golden VY 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 )
	=	5.879	/	499.636
	=	0.01

Golden VY Bancshares (OTCPK:GVYB) 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.

Golden VY Bancshares LT-Debt-to-Total-Asset Related Terms

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Golden VY Bancshares Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Golden VY Bancshares Inc (OTCPK:GVYB) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

N/A

Address

190 Cohasset Road, Suite 170, Chico, CA, USA, 95926

Website

https://www.goldenvalley.bank

Golden VY Bancshares Inc is the parent company of its wholly-owned subsidiary, Golden Valley Bank. The Bank is a commercial bank that provides a wide range of loans and deposit products to its surrounding communities in Butte, Shasta and surrounding counties.