Princeton Bancorp (Princeton Bancorp) LT-Debt-to-Total-Asset : 0.01 (As of Mar. 2024)

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What is Princeton Bancorp 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. Princeton Bancorp's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.01.

Princeton Bancorp's long-term debt to total assets ratio declined from Mar. 2023 (0.04) to Mar. 2024 (0.01). It may suggest that Princeton Bancorp is progressively becoming less dependent on debt to grow their business.

Princeton Bancorp LT-Debt-to-Total-Asset Historical Data

The historical data trend for Princeton Bancorp'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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Princeton Bancorp LT-Debt-to-Total-Asset Chart

Princeton Bancorp Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.01

0.02

0.01

Princeton Bancorp Quarterly Data
	Jun19	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															0.04	0.01	0.01	0.01	0.01

Princeton Bancorp LT-Debt-to-Total-Asset Calculation

Princeton Bancorp'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 )
	=	24.28	/	1916.497
	=	0.01

Princeton Bancorp'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 )
	=	23.643	/	1988.001
	=	0.01

Princeton Bancorp (NAS:BPRN) 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.

Princeton Bancorp LT-Debt-to-Total-Asset Related Terms

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Princeton Bancorp (Princeton Bancorp) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Princeton Bancorp Inc (NAS:BPRN) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

183 Bayard Lane, Princeton, NJ, USA, 08540

Website

https://www.thebankofprinceton.com

Princeton Bancorp Inc is a banking company. It is a full-service financial institution that provides business and personal banking. Its personal banking and business banking services include checking accounts and savings accounts. It offers traditional retail banking services, one-to-four-family residential mortgage loans, multi-family and commercial mortgage loans, construction loans, commercial business loans, and consumer loans, including home equity loans and lines of credit.

Executives

Stephanie Adkins	officer: Chief Lending Officer	183 BAYARD LANE, PRINCETON NJ 08540
Judith A. Giacin	director	183 BAYARD LANE, PRINCETON NJ 08540
Richard J. Gillespie	director	183 BAYARD LANE, PRINCETON NJ 08540
Martin Tuchman	director	633 PROSPECT AVE, PRINCETON NJ 08540
Ross Wishnick	director	FIRST WASHINGTON STATE BANK, RT 130 & MANIN STREET, WINDSOR NJ 08561
Matthew T. Clark	officer: Chief Information Officer	183 BAYARD LANE, PRINCETON NJ 08540
Stephen Shueh	director	183 BAYARD LANE, PRINCETON NJ 08540
Robert N. Ridolfi	director	183 BAYARD LANE, PRINCETON NJ 08540
Stephen Distler	director	183 BAYARD LANE, PRINCETON NJ 08540
George S. Rapp	officer: Chief Financial Officer	HARLEYSVILLE NATIONAL CORP, 483 MAIN STREET, HARLEYSVILLE PA 19438
Edward J Dietzler	director, officer: Chief Executive Officer	2465 KUSER ROAD, HAMILTON NJ 08690
Christopher Tonkovich	officer: Chief Credit Officer	183 BAYARD LANE, PRINCETON NJ 08540
Daniel J. O'donnell	officer: Chief Operating Officer	183 BAYARD LANE, PRINCETON NJ 08540