MBOF (Marine Bancorp FLA) LT-Debt-to-Total-Asset : 0.05 (As of Dec. 2023)

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What is Marine Bancorp FLA 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. Marine Bancorp FLA's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.05.

Marine Bancorp FLA's long-term debt to total assets ratio increased from Dec. 2021 (0.01) to Dec. 2023 (0.05). It may suggest that Marine Bancorp FLA is progressively becoming more dependent on debt to grow their business.

Marine Bancorp FLA LT-Debt-to-Total-Asset Historical Data

The historical data trend for Marine Bancorp FLA'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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Marine Bancorp FLA LT-Debt-to-Total-Asset Chart

Marine Bancorp FLA Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

0.02

0.01

0.05

Marine Bancorp FLA Semi-Annual Data
	Dec19	Dec20	Dec21	Dec22	Dec23
LT-Debt-to-Total-Asset	0.02	0.01	0.01	0.05	0.05

Marine Bancorp FLA LT-Debt-to-Total-Asset Calculation

Marine Bancorp FLA'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 )
	=	33.152	/	654.449
	=	0.05

Marine Bancorp FLA's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	33.152	/	654.449
	=	0.05

Marine Bancorp FLA (OTCPK:MBOF) 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.

Marine Bancorp FLA LT-Debt-to-Total-Asset Related Terms

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Marine Bancorp FLA Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Marine Bancorp FLA Inc (OTCPK:MBOF) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

571 Beachland Boulevard, Vero Beach, FL, USA, 32963

Website

https://www.marinebankandtrust.bank

Marine Bancorp FLA Inc, through its subsidiary, is engaged in providing banking and related services. The Bank offers a variety of community banking services to individuals and corporate customers. The company offers Checking, Loans, Debit cards, Credit cards, Commercial Loans, Merchant Services, Business savings and money markets, Mobile Banking and related services. The loan portfolio segment includes Commercial real estate, Residential real estate, Construction and land development, Commercial and Consumer.

Marine Bancorp FLA Headlines

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