Unity Bancorp (FRA:UTB) Debt-to-Asset : 0.12 (As of Mar. 2024)

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What is Unity Bancorp Debt-to-Asset?

Unity Bancorp's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was €0.00 Mil. Unity Bancorp's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was €284.93 Mil. Unity Bancorp's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Mar. 2024 was €2,362.64 Mil. Unity Bancorp's debt to asset for the quarter that ended in Mar. 2024 was 0.12.

Unity Bancorp Debt-to-Asset Historical Data

The historical data trend for Unity Bancorp's Debt-to-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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Unity Bancorp Debt-to-Asset Chart

Unity Bancorp Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

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0.17

0.11

0.03

0.16

0.14

Unity Bancorp Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Asset	Get a 7-Day Free Trial															0.16	0.17	0.16	0.14	0.12

Competitive Comparison of Unity Bancorp's Debt-to-Asset

For the Banks - Regional subindustry, Unity Bancorp's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Unity Bancorp's Debt-to-Asset Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Unity Bancorp's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where Unity Bancorp's Debt-to-Asset falls into.

Unity Bancorp Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Unity Bancorp's Debt-to-Asset for the fiscal year that ended in Dec. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(0	+	336.308)	/	2364.491
	=	0.14

Unity Bancorp's Debt-to-Asset for the quarter that ended in Mar. 2024 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(0	+	284.93)	/	2362.641
	=	0.12

Unity Bancorp (FRA:UTB) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

Unity Bancorp Debt-to-Asset Related Terms

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Unity Bancorp (FRA:UTB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Unity Bancorp Inc (FRA:UTB) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

UNTY:USA

Address

64 Old Highway 22, Clinton, NJ, USA, 08809

Website

http://www.unitybank.com

Unity Bancorp Inc is a bank holding company that serves as a holding company for Unity Bank. It conducts a traditional and community-oriented commercial banking business and offers services, including personal and business checking accounts, time deposits, money market accounts and regular savings accounts. The company structures its specific services and charges in a manner designed to attract the business of the small and medium sized business and professional community, as well as that of individuals residing, working and shopping in its service area. The company engages in a wide range of lending activities and offers commercial, Small Business Administration, consumer, mortgage, home equity and personal loans.

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