PFBN (Pacific Alliance Bank Ca) LT-Debt-to-Total-Asset : 0.09 (As of Dec. 2023)

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What is Pacific Alliance Bank Ca 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. Pacific Alliance Bank Ca's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.09.

Pacific Alliance Bank Ca's long-term debt to total assets ratio increased from Dec. 2021 (0.02) to Dec. 2023 (0.09). It may suggest that Pacific Alliance Bank Ca is progressively becoming more dependent on debt to grow their business.

Pacific Alliance Bank Ca LT-Debt-to-Total-Asset Historical Data

The historical data trend for Pacific Alliance Bank Ca'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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Pacific Alliance Bank Ca LT-Debt-to-Total-Asset Chart

Pacific Alliance Bank Ca Annual Data

Trend

Dec06

Dec07

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.04

0.02

0.06

0.09

Pacific Alliance Bank Ca Semi-Annual Data
	Dec06	Dec07	Dec19	Dec20	Dec21	Dec22	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial			-	0.04	0.02	0.06	0.09

Pacific Alliance Bank Ca LT-Debt-to-Total-Asset Calculation

Pacific Alliance Bank Ca'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 )
	=	35	/	392.667
	=	0.09

Pacific Alliance Bank Ca's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	35	/	392.667
	=	0.09

Pacific Alliance Bank Ca (OTCPK:PFBN) 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.

Pacific Alliance Bank Ca LT-Debt-to-Total-Asset Related Terms

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Pacific Alliance Bank Ca Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Pacific Alliance Bank Ca (OTCPK:PFBN) » Definitions » LT-Debt-to-Total-Asset

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Address

641 W. Las Tunas Dr., San Gabriel, CA, USA, 91776

Website

https://www.pacificalliancebank.com

Pacific Alliance Bank Ca is a commercial bank, engaged in client relationships with businesses, client communities, related business owners, owner's families, and employees. The company delivers distinctive deposit, loan, and service products, based on client needs. It serves Rosemead, its surrounding communities, and Southern California in general.