QNTO (Quaint Oak Bancorp) LT-Debt-to-Total-Asset : 0.04 (As of Sep. 2024)

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

Quaint Oak Bancorp's long-term debt to total assets ratio declined from Sep. 2023 (0.08) to Sep. 2024 (0.04). It may suggest that Quaint Oak Bancorp is progressively becoming less dependent on debt to grow their business.

Quaint Oak Bancorp LT-Debt-to-Total-Asset Historical Data

The historical data trend for Quaint Oak 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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Quaint Oak Bancorp LT-Debt-to-Total-Asset Chart

Quaint Oak Bancorp Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.11

0.08

0.06

0.09

0.07

Quaint Oak Bancorp 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															0.08	0.07	0.06	0.05	0.04

Quaint Oak Bancorp LT-Debt-to-Total-Asset Calculation

Quaint Oak Bancorp'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 )
	=	50.979	/	754.118
	=	0.07

Quaint Oak 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 )
	=	25.855	/	701.605
	=	0.04

Quaint Oak Bancorp (OTCPK:QNTO) 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.

Quaint Oak Bancorp LT-Debt-to-Total-Asset Related Terms

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Quaint Oak Bancorp Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Quaint Oak Bancorp Inc (OTCPK:QNTO) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

501 Knowles Avenue, Southampton, PA, USA, 18966

Website

https://www.quaintoak.com

Quaint Oak Bancorp Inc is a Pennsylvania-chartered stock savings bank and wholly-owned subsidiary of Quaint Oak Bancorp Inc, is headquartered in Southampton, Pennsylvania, and conducts business through three regional offices located in the Delaware Valley, Lehigh Valley, and Philadelphia markets. Quaint Oak Bank has many subsidiary companies these subsidiary companies conduct business from numerous locations within the Bank's market area. The Bank holds a majority equity position in Oakmont Capital Holdings, LLC, a multi-state equipment finance company based in West Chester, Pennsylvania with a second significant facility located in Albany, Minnesota.

Executives

James J Clarke	director	QUAINT OAK BANK, 501 KNOWLES AVENUE, SOUTHAMPTON PA 18966
William R Gonzalez	officer: Senior Vice President*	QUAINT OAK BANCORP, INC., 501 KNOWLES AVENUE, SOUTHAMPTON PA 18966
Robert T Strong	director, officer: President and CEO	QUAINT OAK BANK, 501 KNOWLES AVENUE, SOUTHAMPTON PA 18966
Susan M. Vettori	director	QUAINT OAK BANCORP, INC., 501 KNOWLES AVENUE, SOUTHAMPTON PA 18966
Dipiero Andrew E Jr	director	QUAINT OAK BANK, 501 KNOWLES AVENUE, SOUTHAMPTON PA 18966
John J Augustine	director, officer: Chief Financial Officer	QUAINT OAK BANK, 501 KNOWLES AVENUE, SOUTHAMPTON PA 18966
Diane J Colyer	officer: SVP and Corporate Secretary	QUAINT OAK BANK, 501 KNOWLES AVENUE, SOUTHAMPTON PA 18966
Aimee K Ott	officer: Vice President*	501 KNOWLES AVENUE, SOUTHAMPTON PA 18966
Robert Farrer	officer: VP Risk and Compliance*	QUAINT OAK BANK, 501 KNOWLES AVENUE, SOUTHAMPTON PA 18966
Robert J Phillips	director	QUAINT OAK BANK, 501 KNOWLES AVENUE, SOUTHAMPTON PA 18966
Kenneth R Gant	director	QUAINT OAK BANK, 501 KNOWLES AVENUE, SOUTHAMPTON PA 18966
Marsh B Spink	director	QUAINT OAK BANK, 501 KNOWLES AVENUE, SOUTHAMPTON PA 18966
Ager George M Jr	director	QUAINT OAK BANK, 501 KNOWLES AVENUE, SOUTHAMPTON PA 18966
Curt T Schulmeister	officer: Chief Lending Officer*	QUAINT OAK BANK, 501 KNOWLES AVENUE, SOUTHAMPTON PA 18966