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Prime Meridian Holding Co (Prime Meridian Holding Co) Debt-to-Asset : 0.03 (As of Mar. 2024)


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What is Prime Meridian Holding Co Debt-to-Asset?

Prime Meridian Holding Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $0.83 Mil. Prime Meridian Holding Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $22.96 Mil. Prime Meridian Holding Co's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Mar. 2024 was $862.66 Mil. Prime Meridian Holding Co's debt to asset for the quarter that ended in Mar. 2024 was 0.03.


Prime Meridian Holding Co Debt-to-Asset Historical Data

The historical data trend for Prime Meridian Holding Co's Debt-to-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.

Prime Meridian Holding Co Debt-to-Asset Chart

Prime Meridian Holding Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.01 0.01 0.01 0.01 0.02

Prime Meridian Holding Co Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Debt-to-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 0.03 0.05 0.04 0.02 0.03

Competitive Comparison of Prime Meridian Holding Co's Debt-to-Asset

For the Banks - Regional subindustry, Prime Meridian Holding Co's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Prime Meridian Holding Co's Debt-to-Asset Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Prime Meridian Holding Co's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where Prime Meridian Holding Co's Debt-to-Asset falls into.



Prime Meridian Holding Co Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Prime Meridian Holding Co's Debt-to-Asset for the fiscal year that ended in Dec. 2023 is calculated as

Debt-to-Asset=Total Debt / Total Assets
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Total Assets
=(2.377 + 18.013) / 854.528
=0.02

Prime Meridian Holding Co's Debt-to-Asset for the quarter that ended in Mar. 2024 is calculated as

Debt-to-Asset=Total Debt / Total Assets
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Total Assets
=(0.831 + 22.963) / 862.66
=0.03

* 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.


Prime Meridian Holding Co  (OTCPK:PMHG) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.


Prime Meridian Holding Co Debt-to-Asset Related Terms

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Prime Meridian Holding Co (Prime Meridian Holding Co) Business Description

Traded in Other Exchanges
N/A
Address
1471 Timberlane Road, Tallahassee, FL, USA, 32312
Prime Meridian Holding Co is a bank holding company. Its services portfolio includes mobile banking, mobile deposit, Apple Pay, Bank-to-Bank transfers, online banking, demand interest-bearing, and non-interest-bearing accounts, and savings accounts, among others. It also offers commercial real estate loans, residential and home equity loans, construction loans, commercial loans, and consumer and other loans. The majority of revenues are derived from interest income and fees on loans, interest, and dividends from investment securities, and service charge income generated from demand accounts, ATM fees, and other services.