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Lumbee Guaranty Bank (Lumbee Guaranty Bank) Liabilities-to-Assets : 0.92 (As of Mar. 2024)


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What is Lumbee Guaranty Bank Liabilities-to-Assets?

Liabilities-to-Assets is a solvency ratio indicating how much of the company’s assets are made of liabilities, calculated as total liabilities divided by total asset. Lumbee Guaranty Bank's Total Liabilities for the quarter that ended in Mar. 2024 was $471.86 Mil. Lumbee Guaranty Bank's Total Assets for the quarter that ended in Mar. 2024 was $513.83 Mil. Therefore, Lumbee Guaranty Bank's Liabilities-to-Assets Ratio for the quarter that ended in Mar. 2024 was 0.92.


Lumbee Guaranty Bank Liabilities-to-Assets Historical Data

The historical data trend for Lumbee Guaranty Bank's Liabilities-to-Assets 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.

* Premium members only.

Lumbee Guaranty Bank Liabilities-to-Assets Chart

Lumbee Guaranty Bank Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Liabilities-to-Assets
Get a 7-Day Free Trial 0.88 0.90 0.91 0.93 0.92

Lumbee Guaranty Bank Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Liabilities-to-Assets Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.92 0.92 0.93 0.92 0.92

Competitive Comparison of Lumbee Guaranty Bank's Liabilities-to-Assets

For the Banks - Regional subindustry, Lumbee Guaranty Bank's Liabilities-to-Assets, along with its competitors' market caps and Liabilities-to-Assets 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.


Lumbee Guaranty Bank's Liabilities-to-Assets Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Lumbee Guaranty Bank's Liabilities-to-Assets distribution charts can be found below:

* The bar in red indicates where Lumbee Guaranty Bank's Liabilities-to-Assets falls into.



Lumbee Guaranty Bank Liabilities-to-Assets Calculation

Liabilities-to-Assets ratio measures the portion of the total liabilities to the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.

Liabilities-to-Assets ratio is calculated by dividing total liabilities by total asset.

Lumbee Guaranty Bank's Liabilities-to-Assets Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Liabilities-to-Assets (A: Dec. 2023 )=Total Liabilities/Total Assets
=477.375/519.656
=0.92

Lumbee Guaranty Bank's Liabilities-to-Assets Ratio for the quarter that ended in Mar. 2024 is calculated as

Liabilities-to-Assets (Q: Mar. 2024 )=Total Liabilities/Total Assets
=471.86/513.832
=0.92

* 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.


Lumbee Guaranty Bank  (OTCPK:LUMB) Liabilities-to-Assets Explanation

Liabilities-to-Assets is a solvency ratio indicating how much of the company’s assets are made of liabilities. It can vary greatly across different industries, as they have different capital structure. A high Liabilities-to-Assets ratio (more leveraged) suggests that the company might have potential solvency problems, or even a signal of financial distress. Conversely, a low Liabilities-to-Assets ratio usually indicates a healthy financial situation. However, it may also suggest that the company is not expanding or not making good use of debt.


Lumbee Guaranty Bank Liabilities-to-Assets Related Terms

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Lumbee Guaranty Bank (Lumbee Guaranty Bank) Business Description

Traded in Other Exchanges
N/A
Address
403 East Third Street, PO Box 908, Pembroke, NC, USA, 28372
Lumbee Guaranty Bank is a state-chartered bank. The bank extends both commercial and consumer loans throughout its market area and offers a wide range of saving, spending, and borrowing products and services. The bank operates through approximately fourteen full-service offices in Robeson, Cumberland, and Hoke Counties.

Lumbee Guaranty Bank (Lumbee Guaranty Bank) Headlines

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