SB Financial Group (SB Financial Group) LT-Debt-to-Total-Asset : 0.08 (As of Dec. 2023)

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What is SB Financial Group 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. SB Financial Group's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.08.

SB Financial Group's long-term debt to total assets ratio increased from Dec. 2022 (0.06) to Dec. 2023 (0.08). It may suggest that SB Financial Group is progressively becoming more dependent on debt to grow their business.

SB Financial Group LT-Debt-to-Total-Asset Historical Data

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

SB Financial Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.02

0.01

0.02

0.06

0.08

SB Financial Group Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.05	0.08	0.06	0.08	0.04

SB Financial Group LT-Debt-to-Total-Asset Calculation

SB Financial Group'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 )
	=	103.242	/	1343.249
	=	0.08

SB Financial Group'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 )
	=	103.242	/	1343.249
	=	0.08

SB Financial Group (NAS:SBFG) 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.

SB Financial Group LT-Debt-to-Total-Asset Related Terms

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SB Financial Group (SB Financial Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » SB Financial Group Inc (NAS:SBFG) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

401 Clinton Street, P.O. Box 467, Defiance, OH, USA, 43512

Website

http://www.yoursbfinancial.com

SB Financial Group Inc operates as a Holding Company of State Bank and RDSI/DCM. Its activities involve commercial banking, trust, and financial services. It offers a full-range of financial services for consumers and small businesses, including trust services, mortgage banking, wealth management services, commercial and agricultural lending. It accepts deposits, such as checking accounts, savings accounts, money market accounts, demand deposits, and time certificates of deposit. It earns revenue in the form of interest income.

Executives

Timothy J. Stolly	director	700 BLUFF OAK TRAIL, LIMA OH 45807
Timothy L. Claxton	director	327 BAROUCHE PL., FORT WAYNE IN 46845
Mark A Klein	officer: CHAIRMAN, PRESIDENT & CEO	225 KETTENRING DRIVE, DEFIANCE OH 43512
William G Martin	director	136 DEERFIELD CIRCLE, BRYAN OH 43506
Richard L Hardgrove	director	1959 MARBLE CLIFF CROSSING CT., COLUMBUS OH 43204
Steven A. Walz	officer: EVP OF SUBSIDIARY	324 NORTHWOOD DR., DEFIANCE OH 43512
George W Carter	director	15316 RD 168, PO BOX 322, PAULDING OH 45879
Anthony Van Cosentino	officer: EVP OF SUBSIDIARY	1600 BRIDGEWOOD COURT, DEFIANCE OH 43512
David A. Homoelle	officer: REGIONAL PRESIDENT OF SUBSIDIA	903 GATEHOUSE LANE, COLUMBUS OH 43235
Keeta Jane Diller	officer: EVP OF SUBSIDIARY	13801 FRUIT RIDGE ROAD, DEFIANCE OH 43512
Gaytan Garcia Juan Ernesto	officer: EVP OF SUBSIDIARY	2103 SOUTH BROOKHILL LANE, CANTON MI 48188
Rita A Kissner	director	135 BIEDE PLACE, DEFIANCE OH 43512
Tom R Helberg	director	30600 N. PIMA RD., UNIT 50, SCOTTSDALE AZ 85266
Jonathan R. Gathman	other: EVP OF SUBSIDIARY	703 BURNING TREE DRIVE, DEFIANCE OH 43512
Fawcett Jr Robert A	director	172 EASTOWNE DRIVE, OTTAWA OH 45875