PBKX (Partners Bank of California) LT-Debt-to-Total-Asset : 0.05 (As of Jun. 2024)

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What is Partners Bank of California 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. Partners Bank of California's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.05.

Partners Bank of California's long-term debt to total assets ratio declined from Mar. 2023 (0.12) to Jun. 2024 (0.05). It may suggest that Partners Bank of California is progressively becoming less dependent on debt to grow their business.

Partners Bank of California LT-Debt-to-Total-Asset Historical Data

The historical data trend for Partners Bank of California'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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Partners Bank of California LT-Debt-to-Total-Asset Chart

Partners Bank of California Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

LT-Debt-to-Total-Asset

0.12

0.11

0.13

Partners Bank of California Quarterly Data
	Dec18	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Mar24	Jun24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial														0.12	0.11	0.06	0.07	0.05

Partners Bank of California LT-Debt-to-Total-Asset Calculation

Partners Bank of California'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 )
	=	60	/	472.444
	=	0.13

Partners Bank of California's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2024 is calculated as

LT Debt to Total Assets (Q: Jun. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2024 )	/	Total Assets (Q: Jun. 2024 )
	=	23	/	482.931
	=	0.05

Partners Bank of California (OTCPK:PBKX) 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.

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Partners Bank of California Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Partners Bank of California (OTCPK:PBKX) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

N/A

Address

27201 Puerta Real, Suite 160, Mission Viejo, CA, USA, 92691

Website

https://www.pbofca.com

Partners Bank of California is engaged in providing personal & commercial banking services to small & middle-market businesses, professional practices, commercial & industrial companies & individuals. Its banking products and services include checking accounts, savings accounts, and certificates of deposit; online banking services, such as bills and schedule payments, and funds transfer services. It also offers business banking and commercial lending. The bank has two operating segments; real estate and commercial loans.

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