Millennium Bankshares (Millennium Bankshares) LT-Debt-to-Total-Asset : 0.19 (As of Sep. 2008)

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What is Millennium Bankshares 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. Millennium Bankshares's long-term debt to total assests ratio for the quarter that ended in Sep. 2008 was 0.19.

Millennium Bankshares's long-term debt to total assets ratio increased from Sep. 2007 (0.18) to Sep. 2008 (0.19). It may suggest that Millennium Bankshares is progressively becoming more dependent on debt to grow their business.

Millennium Bankshares LT-Debt-to-Total-Asset Historical Data

The historical data trend for Millennium Bankshares'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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Millennium Bankshares LT-Debt-to-Total-Asset Chart

Millennium Bankshares Annual Data

Trend

Dec01

Dec02

Dec03

Dec04

Dec05

Dec06

Dec07

LT-Debt-to-Total-Asset

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0.06

0.08

0.17

0.09

0.19

Millennium Bankshares Quarterly Data
	Dec03	Mar04	Jun04	Sep04	Dec04	Mar05	Jun05	Sep05	Dec05	Mar06	Jun06	Sep06	Dec06	Mar07	Jun07	Sep07	Dec07	Mar08	Jun08	Sep08
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.18	0.19	0.20	0.20	0.19

Millennium Bankshares LT-Debt-to-Total-Asset Calculation

Millennium Bankshares's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2007 is calculated as

LT Debt to Total Assets (A: Dec. 2007 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2007 )	/	Total Assets (A: Dec. 2007 )
	=	99.49	/	518.314
	=	0.19

Millennium Bankshares's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2008 is calculated as

LT Debt to Total Assets (Q: Sep. 2008 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2008 )	/	Total Assets (Q: Sep. 2008 )
	=	60.4	/	319.423
	=	0.19

Millennium Bankshares (OTCPK:MBVA) 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.

Millennium Bankshares LT-Debt-to-Total-Asset Related Terms

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Millennium Bankshares (Millennium Bankshares) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Millennium Bankshares Corp (OTCPK:MBVA) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

1601 Washington Plaza, Reston, VA, USA, 20190

Website

https://www.millenniumbank.com

Millennium Bankshares Corp is a bank holding company. The Company through its bank holding provides commercial, retail and consumer banking services to meet the needs of businesses and consumers in the communities it serves.

Executives

Williams Frank E Jr

other: 9% Ownership

2789-B HARTLAND ROAD, FALLS CHURCH VA 22043

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