Alpine Banks of Colorado (Alpine Banks of Colorado) LT-Debt-to-Total-Asset : 0.02 (As of Mar. 2024)

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What is Alpine Banks of Colorado 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. Alpine Banks of Colorado's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.02.

Alpine Banks of Colorado's long-term debt to total assets ratio declined from Mar. 2023 (0.05) to Mar. 2024 (0.02). It may suggest that Alpine Banks of Colorado is progressively becoming less dependent on debt to grow their business.

Alpine Banks of Colorado LT-Debt-to-Total-Asset Historical Data

The historical data trend for Alpine Banks of Colorado'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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Alpine Banks of Colorado LT-Debt-to-Total-Asset Chart

Alpine Banks of Colorado Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

0.02

0.05

0.03

Alpine Banks of Colorado Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial														0.05	0.03	0.02	0.03	0.02

Alpine Banks of Colorado LT-Debt-to-Total-Asset Calculation

Alpine Banks of Colorado'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 )
	=	169.179	/	6419.559
	=	0.03

Alpine Banks of Colorado's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (Q: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2024 )	/	Total Assets (Q: Mar. 2024 )
	=	119.179	/	6585.906
	=	0.02

Alpine Banks of Colorado (OTCPK:ALPIB) 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.

Alpine Banks of Colorado LT-Debt-to-Total-Asset Related Terms

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Alpine Banks of Colorado (Alpine Banks of Colorado) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Alpine Banks of Colorado (OTCPK:ALPIB) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

2200 Grand Avenue, PO Box 10000, Glenwood Springs, CO, USA, 81601

Website

https://www.alpinebank.com

Alpine Banks of Colorado is engaged in providing personal, business, wealth management, mortgage, and electronic banking services. The company offers Personal Checking, Personal Loans. Digital Banking, credit cards, debit cards, merchant services Business Checking, Business Loans, and Other services.