VABK (Virginia National Bankshares) LT-Debt-to-Total-Asset : 0.02 (As of Dec. 2024)

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What is Virginia National 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. Virginia National Bankshares's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.02.

Virginia National Bankshares's long-term debt to total assets ratio declined from Dec. 2023 (0.05) to Dec. 2024 (0.02). It may suggest that Virginia National Bankshares is progressively becoming less dependent on debt to grow their business.

Virginia National Bankshares LT-Debt-to-Total-Asset Historical Data

The historical data trend for Virginia National 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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Virginia National Bankshares LT-Debt-to-Total-Asset Chart

Virginia National Bankshares Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

LT-Debt-to-Total-Asset

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0.04

0.01

0.05

0.02

Virginia National Bankshares Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.05	0.02	0.03	0.04	0.02

Virginia National Bankshares LT-Debt-to-Total-Asset Calculation

Virginia National Bankshares's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (A: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2024 )	/	Total Assets (A: Dec. 2024 )
	=	28.895	/	1616.826
	=	0.02

Virginia National Bankshares's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (Q: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2024 )	/	Total Assets (Q: Dec. 2024 )
	=	28.895	/	1616.826
	=	0.02

Virginia National Bankshares (NAS:VABK) 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.

Virginia National Bankshares LT-Debt-to-Total-Asset Related Terms

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Virginia National Bankshares Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Virginia National Bankshares Corp (NAS:VABK) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

404 People Place, Charlottesville, VA, USA, 22911

Website

http://www.vnbcorp.com

Virginia National Bankshares Corp is a bank holding company which is engaged in the commercial and retail banking business. The bank offers a range of banking and related financial services, including checking accounts, negotiable order of withdrawal accounts, money market deposit accounts, certificates of deposit, individual retirement accounts and other depository services. Its segments include the Bank, VNB Trust and Estate Services, Sturman Wealth Advisors, and Masonry Capital. The Bank's commercial banking activities involve making loans, taking deposits and offering related services to individuals, businesses and charitable organizations.

Executives

Linda M Houston	director	C/O VIRGINIA NATIONAL BANK, 404 PEOPLE PLACE, CHARLOTTESVILLE VA 22911
Kevin T Carter	director	10 COURTHOUSE SQUARE, WARRENTON VA 20186
Jay B Keyser	director	10 COURTHOUSE SQUARE, WARRENTON VA 20186
Gregory L Wells	director	C/O ACAC FITNESS & WELLNESS CENTERS, 455 SECOND STREET, SUITE 301, CHARLOTTESVILLE VA 22902
Glenn W Rust	director, officer: President and CEO	C/O VIRGINIA NATIONAL BANK, 404 PEOPLE PLACE, CHARLOTTESVILLE VA 22911
Adams John Buchanan Jr	director	10 COURTHOUSE SQUARE, WARRENTON VA 20188
Randolph D Frostick	director	10 COURTHOUSE SQUARE, WARRENTON VA 20186
Dittmar William D Jr.	director	C/O ENTERPRISE PROPERTIES, 401 EAST MARKET STREET, CHARLOTTESVILLE VA 22902
Virginia R Bayes	officer: Chief Credit Officer & EVP	C/O VIRGINIA NATIONAL BANK, 404 PEOPLE PLACE, CHARLOTTESVILLE VA 22911
James T Holland	director	C/O VIRGINIA NATIONAL BANK, 404 PEOPLE PLACE, CHARLOTTESVILLE VA 22911
Donna G Shewmake	officer: GC, EVP & Secretary	C/O VIRGINIA NATIONAL BANK, 404 PEOPLE PLACE, CHARLOTTESVILLE VA 22911
Marc J Bogan	director, officer: President and CEO	10 COURTHOUSE SQUARE, WARRENTON VA 20186
Strange Sterling T Iii	director	10 COURTHOUSE SQUARE, WARRENTON VA 20186
Tara Y Harrison	officer: Chief Financial Officer & EVP	404 PEOPLE PLACE, CHARLOTTSVILLE VA 22911
Susan K Payne	director	C/O PAYNE ROSS & ASSOCIATES, 206 EAST JEFFERSON STREET, CHARLOTTESVILLE VA 22902