MNSBP.PFD (MainStreet Bancshares) LT-Debt-to-Total-Asset : 0.03 (As of Sep. 2024)

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What is MainStreet 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. MainStreet Bancshares's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.03.

MainStreet Bancshares's long-term debt to total assets ratio declined from Sep. 2023 (0.04) to Sep. 2024 (0.03). It may suggest that MainStreet Bancshares is progressively becoming less dependent on debt to grow their business.

MainStreet Bancshares LT-Debt-to-Total-Asset Historical Data

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

MainStreet Bancshares Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.04

0.01

0.02

0.09

0.04

MainStreet 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															0.04	0.04	0.04	0.04	0.03

MainStreet Bancshares LT-Debt-to-Total-Asset Calculation

MainStreet 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 )
	=	72.642	/	2035.432
	=	0.04

MainStreet 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 )
	=	72.94	/	2224.599
	=	0.03

MainStreet Bancshares (NAS:MNSBP.PFD) 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.

MainStreet Bancshares LT-Debt-to-Total-Asset Related Terms

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MainStreet Bancshares Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » MainStreet Bancshares Inc (NAS:MNSBP.PFD) » Definitions » LT-Debt-to-Total-Asset

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MNSB:USA

Address

10089 Fairfax Boulevard, Fairfax, VA, USA, 22030

Website

https://www.mstreetbank.com

MainStreet Bancshares Inc is a bank holding company. It is focused on serving the borrowing, cash management and depository needs of small to medium-sized businesses, and professional practices and retail customers. The bank's products and services include business and consumer checking, premium interest-bearing checking, business account analysis, savings, certificates of deposit and other depository services, as well as a broad array of commercial, real estate and consumer loans.