Towne Bancorp Az (Towne Bancorp Az) LT-Debt-to-Total-Asset : 0.03 (As of Dec. 2007)

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What is Towne Bancorp Az 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. Towne Bancorp Az's long-term debt to total assests ratio for the quarter that ended in Dec. 2007 was 0.03.

Towne Bancorp Az's long-term debt to total assets ratio increased from Dec. 2006 (0.00) to Dec. 2007 (0.03). It may suggest that Towne Bancorp Az is progressively becoming more dependent on debt to grow their business.

Towne Bancorp Az LT-Debt-to-Total-Asset Historical Data

The historical data trend for Towne Bancorp Az'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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Towne Bancorp Az LT-Debt-to-Total-Asset Chart

Towne Bancorp Az Annual Data

Trend

Dec04

Dec05

Dec06

Dec07

LT-Debt-to-Total-Asset

0.03

Towne Bancorp Az Quarterly Data
	Mar05	Jun05	Sep05	Dec05	Mar06	Jun06	Sep06	Dec06	Mar07	Jun07	Sep07	Dec07
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial							-	-	-	-	0.03

Towne Bancorp Az LT-Debt-to-Total-Asset Calculation

Towne Bancorp Az's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2007 is calculated as

LT Debt to Total Assets (A: Dec. 2007 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2007 )	/	Total Assets (A: Dec. 2007 )
	=	6	/	201.35
	=	0.03

Towne Bancorp Az's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2007 is calculated as

LT Debt to Total Assets (Q: Dec. 2007 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2007 )	/	Total Assets (Q: Dec. 2007 )
	=	6	/	201.35
	=	0.03

Towne Bancorp Az (OTCPK:TWNE) 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.

Towne Bancorp Az LT-Debt-to-Total-Asset Related Terms

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Towne Bancorp Az (Towne Bancorp Az) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Towne Bancorp Inc Az (OTCPK:TWNE) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

3156 East Baseline Road, Mesa, AZ, USA, 85204

Website

http://www.townebankaz.com

Towne Bancorp Inc Az is a holding company, which through Towne Bank of Arizona, provides general banking concern in Mesa, Arizona.

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