SOME (Somerset Trust Holding Co) LT-Debt-to-Total-Asset : 0.10 (As of Dec. 2024)

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What is Somerset Trust Holding Co 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. Somerset Trust Holding Co's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.10.

Somerset Trust Holding Co's long-term debt to total assets ratio declined from Dec. 2023 (0.10) to Dec. 2024 (0.10). It may suggest that Somerset Trust Holding Co is progressively becoming less dependent on debt to grow their business.

Somerset Trust Holding Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Somerset Trust Holding Co'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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Somerset Trust Holding Co LT-Debt-to-Total-Asset Chart

Somerset Trust Holding Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

LT-Debt-to-Total-Asset

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0.08

0.06

0.11

0.10

Somerset Trust Holding Co Quarterly Data
	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial														0.10	0.11	0.12	0.12	0.10

Somerset Trust Holding Co LT-Debt-to-Total-Asset Calculation

Somerset Trust Holding Co's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (A: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2024 )	/	Total Assets (A: Dec. 2024 )
	=	234.42	/	2315.592
	=	0.10

Somerset Trust Holding Co's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (Q: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2024 )	/	Total Assets (Q: Dec. 2024 )
	=	234.42	/	2315.592
	=	0.10

Somerset Trust Holding Co (OTCPK:SOME) 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.

Somerset Trust Holding Co LT-Debt-to-Total-Asset Related Terms

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Somerset Trust Holding Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Somerset Trust Holding Co (OTCPK:SOME) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

N/A

Address

151 West Main Street, P.O. Box 777, Somerset, PA, USA, 15501

Website

https://www.somersettrust.com

Somerset Trust Holding Co is a state-chartered bank, which offers a variety of consumer and commercial lending and deposit products, together with trust and investment management services, an extensive ATM network, and online and mobile banking for consumers and businesses. The Company's and the Bank's revenues are derived from the Bank's portfolio of residential real estate, commercial mortgage and commercial and consumer loans, investment and trust services, and securities portfolio.