Union Bankshares (Union Bankshares) LT-Debt-to-Total-Asset : 0.06 (As of Dec. 2023)

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What is Union Bankshares 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. Union Bankshares's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.06.

Union Bankshares's long-term debt to total assets ratio increased from Dec. 2022 (0.05) to Dec. 2023 (0.06). It may suggest that Union Bankshares is progressively becoming more dependent on debt to grow their business.

Union Bankshares LT-Debt-to-Total-Asset Historical Data

The historical data trend for Union Bankshares'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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Union Bankshares LT-Debt-to-Total-Asset Chart

Union Bankshares Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.05

0.01

0.05

0.06

Union Bankshares Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.05	0.05	0.10	0.08	0.06

Union Bankshares LT-Debt-to-Total-Asset Calculation

Union Bankshares'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 )
	=	81.935	/	1468.879
	=	0.06

Union Bankshares'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 )
	=	81.935	/	1468.879
	=	0.06

Union Bankshares (NAS:UNB) 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.

Union Bankshares LT-Debt-to-Total-Asset Related Terms

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Union Bankshares (Union Bankshares) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Union Bankshares Inc (NAS:UNB) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

20 Lower Main Street, P.O. Box 667, Morrisville, VT, USA, 05661-0667

Website

https://www.ublocal.com

Union Bankshares Inc operates as a community bank in the financial services industry. It offers retail and commercial banking services to its customers through its branches, ATMs, telebanking, and internet banking systems. The company provides retail banking services to individuals and commercial banking services to small and medium-sized corporations, partnerships, and sole proprietorships, as well as nonprofit organizations, local municipalities, and school districts within its market area. In addition, it also offers fiduciary and asset management services through its Asset Management Group. Geographically, all the business activity is functioned through the US.

Executives

Patricia N Hogan	other: Officer of Union Bank	11 OLD ROUTE 15, CAMBRIDGE VT 05444
Dawn D Bugbee	director	313 WEST SHORE ROAD, SOUTH HERO VT 05486
David Scott Silverman	director, officer: President & CEO	153 LAZY LANE, MORRISVILLE VT 05661
Mary K Parent	director	144 PLEASANT STREET, SAINT JOHNSBURY VT 05819
Nancy C Putnam	director	413 JEFF HEIGHTS ROAD, JEFFERSONVILLE VT 05464
Van Dyke Cornelius John	director	P.O. BOX 1090, STOWE VT 05672-1090
Vincent W Schoenig	other: Officer of Union Bank	75 FENIMORE STREET 2, MORRISVILLE VT 05661
Janet P Spitler	other: Director of Union Bank	275 KENNEDY DRIVE, SOUTH BURLINGTON VT 05403
Gregory D Sargent	director	15 CEDAR HILL DRIVE, ST. ALBANS VT 05478
Stephen H Kendall	other: Officer of Union Bank	254 BIRCH ROAD, SHELBURNE VT 05482
Jonathan Jay Gould	other: Officer of Union Bank	18 HUNT ROAD, BRISTOL NH 03222
Robert D Hofmann	other: Officer of Union Bank	223 SNOW HILL ROAD, WATERBURY CENTER VT 05677
Carrie R Locklin	other: Officer of Union Bank	388 WEST HILL ROAD, ST. JOHNSBURY VT 05819
Lura L Jacques	other: Officer of Union Bank	1360 PIDGEON HILL ROAD, FRANKLIN VT 05457
Joel S Bourassa	director	PO BOX 568, NORTH WOODSTOCK NH 032620568