Civista Bancshares (FRA:44Q) LT-Debt-to-Total-Asset : 0.03 (As of Mar. 2024)

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What is Civista Bancshares 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. Civista Bancshares's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.03.

Civista Bancshares's long-term debt to total assets ratio declined from Mar. 2023 (0.03) to Mar. 2024 (0.03). It may suggest that Civista Bancshares is progressively becoming less dependent on debt to grow their business.

Civista Bancshares LT-Debt-to-Total-Asset Historical Data

The historical data trend for Civista Bancshares'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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Civista Bancshares LT-Debt-to-Total-Asset Chart

Civista Bancshares Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.07

0.06

0.03

Civista Bancshares 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															0.03	0.03	0.03	0.03	0.03

Civista Bancshares LT-Debt-to-Total-Asset Calculation

Civista Bancshares'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 )
	=	106.55	/	3540.92
	=	0.03

Civista Bancshares'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 )
	=	105.156	/	3569.837
	=	0.03

Civista Bancshares (FRA:44Q) 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.

Civista Bancshares LT-Debt-to-Total-Asset Related Terms

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Civista Bancshares (FRA:44Q) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Civista Bancshares Inc (FRA:44Q) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

CIVB:USA

Address

100 East Water Street, P.O. Box 5016, Sandusky, OH, USA, 44870

Website

https://www.civb.com

Civista Bancshares Inc is a financial holding company. Operating through its subsidiary, it engages in the business of community banking. Its business activity involves collecting customer deposits, making loans, purchasing securities, and offering trust services to its clients. The company's loan portfolio includes commercial and agriculture, commercial real estate-owner occupied, commercial real estate non-owner occupied, residential real estate, real estate construction, and consumer loans. Majority of its revenues are derived from the interest and fees gained on loans.

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