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Meridian (Meridian) LT-Debt-to-Total-Asset : 0.09 (As of Mar. 2024)


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What is Meridian 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. Meridian's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.09.

Meridian's long-term debt to total assets ratio declined from Mar. 2023 (0.12) to Mar. 2024 (0.09). It may suggest that Meridian is progressively becoming less dependent on debt to grow their business.

Meridian LT-Debt-to-Total-Asset Historical Data

The historical data trend for Meridian'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.

* Premium members only.

Meridian LT-Debt-to-Total-Asset Chart

Meridian Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
LT-Debt-to-Total-Asset
Get a 7-Day Free Trial Premium Member Only 0.04 0.02 0.02 0.02 0.02

Meridian 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 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 0.12 0.11 0.10 0.02 0.09

Meridian LT-Debt-to-Total-Asset Calculation

Meridian'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 )
=49.836/2246.193
=0.02

Meridian'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 )
=195.67/2292.923
=0.09

* 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.

Meridian  (NAS:MRBK) 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.

Meridian LT-Debt-to-Total-Asset Related Terms

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Meridian (Meridian) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Meridian Corp (NAS:MRBK) » Definitions » LT-Debt-to-Total-Asset
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Traded in Other Exchanges
N/A
Address
9 Old Lincoln Highway, Malvern, PA, USA, 19335
Website
https://www.meridianbanker.com
Meridian Corp is a full-service, state-chartered commercial bank providing personal, business lending, and deposit services. It operates in three business segments including Bank, Wealth, and Mortgage. The Bank segment consists of commercial and retail banking. The mortgage division consists of a mortgage consultant's guide. Its mortgage portfolio includes commercial mortgage, home equity, residential mortgage, construction, commercial, industrial, and consumer loans. It generates maximum revenue from the Bank segment.
Executives
Denise Lindsay director, officer: Exec Vice President and CFO 9 OLD LINCOLN HIGHWAY, MALVERN PA 19355
Anthony Mark Imbesi director 9 OLD LINCOLN HIGHWAY, MALVERN PA 19355
Christopher J. Annas director, officer: Chairman & CEO 9 OLD LINCOLN HIGHWAY, MALVERN PA 19355
Robert M. Casciato director 9 OLD LINCOLN HIGHWAY, MALVERN PA 19355
Robert T. Holland director 9 OLD LINCOLN HIGHWAY, MALVERN PA 19355
Edward J. Hollin director 9 OLD LINCOLN HIGHWAY, MALVERN PA 19355
Christine Marie Helmig director 575 WELLINGTON SQUARE, UNIT 205, EXTON PA 19341
Collier George C. Iii director 9 OLD LINCOLN HIGHWAY, MALVERN PA 19355
Charles D. Kochka officer: Chief Lending Officer 9 OLD LINCOLN HIGHWAY, MALVERN PA 19355
Kenneth H. Slack director 9 OLD LINCOLN HIGHWAY, MALVERN PA 19355
Joseph L. Cafarchio officer: Chief Credit Officer 9 OLD LINCOLN HIGHWAY, MALVERN PA 19355
Randall J Mcgarry officer: Chief Information Officer 4390 DAVISVILLE ROAD, HATBORO PA 19040