SVB&T (SVBT) LT-Debt-to-Total-Asset : 0.02 (As of Mar. 2024)

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What is SVB&T 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. SVB&T's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.02.

SVB&T's long-term debt to total assets ratio declined from Mar. 2023 (0.04) to Mar. 2024 (0.02). It may suggest that SVB&T is progressively becoming less dependent on debt to grow their business.

SVB&T LT-Debt-to-Total-Asset Historical Data

The historical data trend for SVB&T'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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SVB&T LT-Debt-to-Total-Asset Chart

SVB&T Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.09

0.08

0.05

0.02

SVB&T 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															0.04	0.02	0.02	0.02	0.02

SVB&T LT-Debt-to-Total-Asset Calculation

SVB&T'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 )
	=	10	/	613.55
	=	0.02

SVB&T's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (Q: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2024 )	/	Total Assets (Q: Mar. 2024 )
	=	10	/	602.271
	=	0.02

SVB&T (OTCPK:SVBT) 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.

SVB&T LT-Debt-to-Total-Asset Related Terms

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SVB&T (SVBT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » SVB&T Corp (OTCPK:SVBT) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

1500 Main Street, Jasper, IN, USA, 47546

Website

https://www.svbt.bank

SVB&T Corp operates as a bank holding company in Springs Valley Bank & Trust Company Bank which is engaged in providing a full range of banking and financial services to individual and corporate customers in Orange, Dubois, Daviess, Gibson, and surrounding counties in southern Indiana.

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