OSBK (Oconee Financial) LT-Debt-to-Total-Asset : 0.04 (As of Sep. 2024)

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

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

Oconee Financial LT-Debt-to-Total-Asset Historical Data

The historical data trend for Oconee Financial'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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Oconee Financial LT-Debt-to-Total-Asset Chart

Oconee Financial Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.02

Oconee Financial 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															0.05	0.02	0.02	0.03	0.04

Oconee Financial LT-Debt-to-Total-Asset Calculation

Oconee Financial'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 )
	=	10.342	/	589.058
	=	0.02

Oconee Financial'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 )
	=	24.36	/	621.945
	=	0.04

Oconee Financial (OTCPK:OSBK) 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.

Oconee Financial LT-Debt-to-Total-Asset Related Terms

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Oconee Financial Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

41 N. Main Street, Watkinsville, GA, USA, 30677

Website

https://www.oconeestatebank.com

Oconee Financial Corp is a United States-based commercial bank. The bank offers a broad range of deposit instruments and general banking services, including checking, savings accounts (including money market demand accounts), certificates of deposit for both business and personal accounts; internet banking services, such as cash management and Bill Pay; telebanking (banking by phone); courier services, ATM deposits and mobile banking services which includes mobile capture.

Executives

G Robert Bishop	director	1741 EXPERIMENT STATION ROAD, WATKINSVILLE GA 30677
B Amrey Harden	director, officer: President and CEO	35 NORTH MAIN STREET, P.O. BOX 205, WATKINSVILLE GA 30677
Hale J Albert Sr	director	P.O.BOX 205, WATKINSVILLE GA 30677
Steven Anthony Rogers	officer: Chief Financial Officer	35 NORTH MAIN STREET, PO BOX 205, WATKINSVILLE GA 30677
Virginia S Wells	director, 10 percent owner	OCONEE FINANCIAL CORP, 35 N MAIN ST, WATKINSVILLE GA 30677
Ann B. Powers	director	1051 ROSE CREEK DRIVE, WATKINSVILLE GA 30087
Douglas D Dickens	director	1071 RAYS CHURCH RD, BISHOP GA 30621
Henry C Maxey	director	1181 MAXEY ROAD, BISHOP GA 30621
Jimmy L Christopher	director	P.O. BOX 405, WATKINSVILLE GA 30677
Tom F Wilson	officer: Executive Vice President	OCONEE FINANCIAL CORP, 35 N MAIN ST, WATKINSVILLE GA 30677