NUBC (Northumberland Bancorp) LT-Debt-to-Total-Asset : 0.04 (As of Sep. 2024)

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What is Northumberland 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. Northumberland Bancorp's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.04.

Northumberland Bancorp's long-term debt to total assets ratio declined from Jun. 2023 (0.05) to Sep. 2024 (0.04). It may suggest that Northumberland Bancorp is progressively becoming less dependent on debt to grow their business.

Northumberland Bancorp LT-Debt-to-Total-Asset Historical Data

The historical data trend for Northumberland 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.

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Northumberland Bancorp LT-Debt-to-Total-Asset Chart

Northumberland Bancorp Annual Data

Trend

Dec03

Dec04

Dec05

Dec06

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

LT-Debt-to-Total-Asset

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0.01

0.02

0.03

Northumberland Bancorp Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Mar24	Jun24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.05	0.05	0.04	0.04	0.04

Northumberland Bancorp LT-Debt-to-Total-Asset Calculation

Northumberland Bancorp'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 )
	=	22.83	/	691.671
	=	0.03

Northumberland Bancorp'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 )
	=	29.865	/	698.691
	=	0.04

Northumberland Bancorp (OTCPK:NUBC) 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.

Northumberland Bancorp LT-Debt-to-Total-Asset Related Terms

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Northumberland Bancorp Business Description

Industry

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Traded in Other Exchanges

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Address

245 Front Street, P.O. Box 271, Northumberland, PA, USA, 17857

Website

https://www.norrybank.com

Northumberland Bancorp provides banking services such as personal banking, business banking and trust division. The company's services include personal and business saving accounts, certificate deposits, loans, family backed mortgage, credit cards and other services. The Company and the Bank derive substantially all of their income from banking and bank-related services, which include interest earnings on commercial, commercial mortgage, residential real estate, and consumer loan financing as well as interest earnings on investment securities and deposit and trust services to their customers.