Endeavor Bancorp (Endeavor Bancorp) LT-Debt-to-Total-Asset : 0.05 (As of Mar. 2024)

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What is Endeavor 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. Endeavor Bancorp's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.05.

Endeavor Bancorp's long-term debt to total assets ratio increased from Mar. 2023 (0.03) to Mar. 2024 (0.05). It may suggest that Endeavor Bancorp is progressively becoming more dependent on debt to grow their business.

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

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

Endeavor Bancorp Annual Data

Trend

Dec18

Dec19

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

0.01

0.03

Endeavor Bancorp Quarterly Data
	Dec19	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial					0.03	0.03	0.03	0.03	0.05

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

Endeavor 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 )
	=	16.201	/	570.151
	=	0.03

Endeavor 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 )
	=	27.09	/	565.881
	=	0.05

Endeavor Bancorp (OTCPK:EDVR) 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.

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

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Endeavor Bancorp (Endeavor Bancorp) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Endeavor Bancorp (OTCPK:EDVR) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

750 B Street, Suite 3110, San Diego, CA, USA, 92101

Website

https://www.bankendeavor.com

Endeavor Bancorp provides banking services. It offers business services that include business checking accounts, business money market accounts, and others, personal services consists of personal checking accounts, personal saving accounts, and others, Digital banking comprises of Mobile banking, Pay bills, Positive Pay and other related services, and loan services consists of Working Capital Revolving Lines of Credit, Equipment and Fixed Asset Term Loans, and others.

Endeavor Bancorp (Endeavor Bancorp) Headlines

From GuruFocus

/C O R R E C T I O N -- Endeavor Bank/

By PRNewswire PRNewswire • 11-22-2021

Endeavor Bancorp Reports Net Income of $1.22 Million for the Third Quarter of 2023; Results Highlighted by Double Digit Loan and Deposit Growth Year Over Year

By Marketwired • 10-23-2023

Endeavor Bank Announces 2021 Third Quarter Financial Results

By PRNewswire PRNewswire • 11-20-2021