Citizens National (Citizens National) LT-Debt-to-Total-Asset : 0.01 (As of Mar. 2006)

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What is Citizens National 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. Citizens National's long-term debt to total assests ratio for the quarter that ended in Mar. 2006 was 0.01.

Citizens National's long-term debt to total assets ratio increased from Mar. 2005 (0.00) to Mar. 2006 (0.01). It may suggest that Citizens National is progressively becoming more dependent on debt to grow their business.

Citizens National LT-Debt-to-Total-Asset Historical Data

The historical data trend for Citizens National'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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Citizens National LT-Debt-to-Total-Asset Chart

Citizens National Annual Data

Trend

Dec03

Dec04

Dec05

LT-Debt-to-Total-Asset

0.02

Citizens National Quarterly Data
	Sep92	Dec92	Mar93	Jun93	Sep93	Mar04	Jun04	Sep04	Dec04	Mar05	Jun05	Sep05	Dec05	Mar06
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial									-	0.03	0.01	0.02	0.01

Citizens National LT-Debt-to-Total-Asset Calculation

Citizens National's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2005 is calculated as

LT Debt to Total Assets (A: Dec. 2005 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2005 )	/	Total Assets (A: Dec. 2005 )
	=	6.23	/	355.681
	=	0.02

Citizens National's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2006 is calculated as

LT Debt to Total Assets (Q: Mar. 2006 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2006 )	/	Total Assets (Q: Mar. 2006 )
	=	3.2	/	364.174
	=	0.01

Citizens National (OTCPK:CZNL) 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.

Citizens National LT-Debt-to-Total-Asset Related Terms

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Citizens National (Citizens National) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Citizens National Corp (OTCPK:CZNL) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

620 Broadway, Paintsville, KY, USA, 41240

Website

https://www.wercitizens.bank

Citizens National Corp provides banking services. The company provides all necessary banking services and products to its customers. Its deposit products are checking, savings, and term certificate accounts, and its lending products are residential mortgage, commercial, and installment loans. Substantially all loans are secured by specific items of collateral including business assets, consumer assets, and commercial and residential real estate. Commercial loans are expected to be repaid from cash flow from the operations of businesses.

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