SOUB (Southpoint Bancshares) LT-Debt-to-Total-Asset : 0.10 (As of Dec. 2023)

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What is Southpoint Bancshares 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. Southpoint Bancshares's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.10.

Southpoint Bancshares's long-term debt to total assets ratio declined from Dec. 2021 (0.12) to Dec. 2023 (0.10). It may suggest that Southpoint Bancshares is progressively becoming less dependent on debt to grow their business.

Southpoint Bancshares LT-Debt-to-Total-Asset Historical Data

The historical data trend for Southpoint Bancshares'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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Southpoint Bancshares LT-Debt-to-Total-Asset Chart

Southpoint Bancshares Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.01

0.16

0.12

0.26

0.10

Southpoint Bancshares Semi-Annual Data
	Dec17	Dec18	Dec19	Dec20	Dec21	Dec22	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial			0.01	0.16	0.12	0.26	0.10

Southpoint Bancshares LT-Debt-to-Total-Asset Calculation

Southpoint Bancshares'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 )
	=	161.497	/	1658.997
	=	0.10

Southpoint Bancshares'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 )
	=	161.497	/	1658.997
	=	0.10

Southpoint Bancshares (OTCPK:SOUB) 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.

Southpoint Bancshares LT-Debt-to-Total-Asset Related Terms

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Southpoint Bancshares Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Southpoint Bancshares Inc (OTCPK:SOUB) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

3501 Grandview Parkway, Birmingham, AL, USA, 35243

Website

https://www.southpoint.bank

Southpoint Bancshares Inc operates in the domestic commercial banking industry. The Bank provides full-service banking to customers located in central Alabama. The Bank operates from its ten branch locations in central Alabama, and five loan production offices located throughout the State of Alabama. SPB Properties, LLC holds certain assets of the Bank and is a wholly owned subsidiary of the Bank.

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