TYFG (Tri County Financial Group) LT-Debt-to-Total-Asset : 0.06 (As of Sep. 2024)

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What is Tri County Financial Group 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. Tri County Financial Group's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.06.

Tri County Financial Group's long-term debt to total assets ratio declined from Mar. 2023 (0.09) to Sep. 2024 (0.06). It may suggest that Tri County Financial Group is progressively becoming less dependent on debt to grow their business.

Tri County Financial Group LT-Debt-to-Total-Asset Historical Data

The historical data trend for Tri County Financial Group'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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Tri County Financial Group LT-Debt-to-Total-Asset Chart

Tri County Financial Group Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.03

0.02

0.01

0.15

0.08

Tri County Financial Group Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Dec23	Jun24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.09	0.07	0.08	-	0.06

Tri County Financial Group LT-Debt-to-Total-Asset Calculation

Tri County Financial Group'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 )
	=	125.81	/	1552.895
	=	0.08

Tri County Financial Group's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2024 is calculated as

LT Debt to Total Assets (Q: Sep. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2024 )	/	Total Assets (Q: Sep. 2024 )
	=	84.745	/	1536.567
	=

Tri County Financial Group (OTCPK:TYFG) 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.

Tri County Financial Group LT-Debt-to-Total-Asset Related Terms

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Tri County Financial Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Tri County Financial Group Inc (OTCPK:TYFG) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

706 Washington Street, Mendota, IL, USA, 61342

Website

https://www.firststatebank.biz

Tri County Financial Group Inc is a United States-based holding company. It provides banking and mortgage banking services and insurance services to individuals and businesses. It offers deposit products such as demand deposits & certificates of deposit, and its primary lending products are agribusiness, commercial, real estate mortgage and installment loans, and secondary market mortgage activities.