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Heritage NOLA Bancorp (Heritage NOLA Bancorp) LT-Debt-to-Total-Asset : 0.14 (As of Mar. 2020)


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What is Heritage NOLA 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. Heritage NOLA Bancorp's long-term debt to total assests ratio for the quarter that ended in Mar. 2020 was 0.14.

Heritage NOLA Bancorp's long-term debt to total assets ratio increased from Mar. 2019 (0.00) to Mar. 2020 (0.14). It may suggest that Heritage NOLA Bancorp is progressively becoming more dependent on debt to grow their business.

Heritage NOLA Bancorp LT-Debt-to-Total-Asset Historical Data

The historical data trend for Heritage NOLA 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.

* Premium members only.

Heritage NOLA Bancorp LT-Debt-to-Total-Asset Chart

Heritage NOLA Bancorp Annual Data
Trend Dec16 Dec17 Dec18 Dec19
LT-Debt-to-Total-Asset
0.14 0.13 0.14 0.14

Heritage NOLA Bancorp Quarterly Data
Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20
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 - - 0.12 0.14 0.14

Heritage NOLA Bancorp LT-Debt-to-Total-Asset Calculation

Heritage NOLA Bancorp's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2019 is calculated as

LT Debt to Total Assets (A: Dec. 2019 )=Long-Term Debt & Capital Lease Obligation (A: Dec. 2019 )/Total Assets (A: Dec. 2019 )
=18.041/131.432
=0.14

Heritage NOLA Bancorp's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2020 is calculated as

LT Debt to Total Assets (Q: Mar. 2020 )=Long-Term Debt & Capital Lease Obligation (Q: Mar. 2020 )/Total Assets (Q: Mar. 2020 )
=19.221/135.281
=0.14

* 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.

Heritage NOLA Bancorp  (OTCPK:HRGG) 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.

Heritage NOLA Bancorp LT-Debt-to-Total-Asset Related Terms

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Heritage NOLA Bancorp (Heritage NOLA Bancorp) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Heritage NOLA Bancorp Inc (OTCPK:HRGG) » Definitions » LT-Debt-to-Total-Asset
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SSBP IOFB VTYB TBBA FRSB UNTN ERKH CYSM SNNF CIBH SHSE:600036 NSE:HDFCBANK HKSE:01658 MIC:SBERP USB TFC PNC SHSE:601166 BSP:ITUB3 SHSE:600000
Traded in Other Exchanges
N/A
Address
205 North Columbia Street, Covington, LA, USA, 70433
Website
https://www.heritagebank.org
Heritage NOLA Bancorp Inc is a banking company. Its services include personal banking, business banking, and loan facilities. The bank offers deposits, personal loans, mobile and online banking, trade finance, interest checking, foreign exchange, merchant, and other banking services.
Executives
Lisa B. Hughes officer: SVP and CFO 205 NORTH COLUMBIA STREET COVINGTON LA 70433
W. David Crumhorn director, officer: Chairman, President and CEO 205 NORTH COLUMBIA STREET COVINGTON LA 70433
Dana Whitaker officer: EVP and CCO 205 NORTH COLUMBIA STREET COVINGTON LA 70433
William Thomas Ballantine director 7009 LONGVUS, MANDEVILLE LA 70448
Rodrigue Julian J. Jr. director 205 NORTH COLUMBIA STREET COVINGTON LA 70433
Jason S. Hunt director 205 NORTH COLUMBIA STREET COVINGTON LA 70433
Caruso Salvatore A. Jr. director 205 NORTH COLUMBIA STREET COVINGTON LA 70433
Elizabeth M. Eustis director 205 NORTH COLUMBIA STREET COVINGTON LA 70433

Heritage NOLA Bancorp (Heritage NOLA Bancorp) Headlines

From GuruFocus

Heritage NOLA Bancorp, Inc. Announces Application Status and Shareholder Approval for Proposed Merger With M C Bancshares, Inc.

By PRNewswire • 03-13-2024