Third Century Bancorp (Third Century Bancorp) LT-Debt-to-Total-Asset : 0.18 (As of Jun. 2007)

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What is Third Century 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. Third Century Bancorp's long-term debt to total assests ratio for the quarter that ended in Jun. 2007 was 0.18.

Third Century Bancorp's long-term debt to total assets ratio increased from Jun. 2006 (0.00) to Jun. 2007 (0.18). It may suggest that Third Century Bancorp is progressively becoming more dependent on debt to grow their business.

Third Century Bancorp LT-Debt-to-Total-Asset Historical Data

The historical data trend for Third Century 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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Third Century Bancorp LT-Debt-to-Total-Asset Chart

Third Century Bancorp Annual Data

Trend

Dec04

Dec05

Dec06

LT-Debt-to-Total-Asset

0.18

Third Century Bancorp Quarterly Data
	Jun04	Sep04	Dec04	Mar05	Jun05	Sep05	Dec05	Mar06	Jun06	Sep06	Dec06	Mar07	Jun07
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial								-	0.18	0.18	0.18	0.18

Third Century Bancorp LT-Debt-to-Total-Asset Calculation

Third Century Bancorp's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2006 is calculated as

LT Debt to Total Assets (A: Dec. 2006 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2006 )	/	Total Assets (A: Dec. 2006 )
	=	24.6	/	133.503
	=	0.18

Third Century Bancorp's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2007 is calculated as

LT Debt to Total Assets (Q: Jun. 2007 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2007 )	/	Total Assets (Q: Jun. 2007 )
	=	24.6	/	135.92
	=	0.18

Third Century Bancorp (OTCPK:TDCB) 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.

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Third Century Bancorp (Third Century Bancorp) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Third Century Bancorp (OTCPK:TDCB) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

80 East Jefferson Street, Franklin, IN, USA, 46131

Website

https://www.mymsb.bank

Third Century Bancorp operates as a holding company. It provides banking and financial services to individual and corporate customers. The bank offers a variety of deposit products, loans, mortgages, and other products.