Mechanics Bank (Mechanics Bank) LT-Debt-to-Total-Asset : 0.02 (As of Dec. 2022)

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What is Mechanics Bank 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. Mechanics Bank's long-term debt to total assests ratio for the quarter that ended in Dec. 2022 was 0.02.

Mechanics Bank's long-term debt to total assets ratio increased from Dec. 2020 (0.00) to Dec. 2022 (0.02). It may suggest that Mechanics Bank is progressively becoming more dependent on debt to grow their business.

Mechanics Bank LT-Debt-to-Total-Asset Historical Data

The historical data trend for Mechanics Bank'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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Mechanics Bank LT-Debt-to-Total-Asset Chart

Mechanics Bank Annual Data

Trend

Dec04

Dec05

Dec06

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

LT-Debt-to-Total-Asset

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0.07

0.01

0.02

Mechanics Bank Semi-Annual Data
	Dec02	Dec03	Dec04	Dec05	Dec06	Dec16	Dec17	Dec18	Dec19	Dec20	Dec21	Dec22
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial							0.07	0.01	-	-	0.02

Mechanics Bank LT-Debt-to-Total-Asset Calculation

Mechanics Bank's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2022 is calculated as

LT Debt to Total Assets (A: Dec. 2022 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2022 )	/	Total Assets (A: Dec. 2022 )
	=	331.018	/	18135.692
	=	0.02

Mechanics Bank's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2022 is calculated as

LT Debt to Total Assets (Q: Dec. 2022 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2022 )	/	Total Assets (Q: Dec. 2022 )
	=	331.018	/	18135.692
	=	0.02

Mechanics Bank (OTCPK:MCHB) 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.

Mechanics Bank LT-Debt-to-Total-Asset Related Terms

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Mechanics Bank (Mechanics Bank) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Mechanics Bank (OTCPK:MCHB) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

3170 Hilltop Mall Road, Richmond, CA, USA, 94806

Website

https://www.mechanicsbank.com

Mechanics Bank operates as a community bank in California. The bank provides personal banking, business banking, trust, and estate services, brokerage, and wealth management services. The bank operates a network of retail banking branches, as well as regional commercial lending and wealth management offices throughout the state of California. The bank also engages in indirect automobile lending activities including origination, securitization, and servicing of new and pre-owned retail automobile sales contracts from both franchised and independent automobile dealerships.

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