First Federal of Northern Michigan Bancorp (First Federal of Northern Michigan Bancorp) LT-Debt-to-Total-Asset : 0.00 (As of Sep. 2017)

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What is First Federal of Northern Michigan 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. First Federal of Northern Michigan Bancorp's long-term debt to total assests ratio for the quarter that ended in Sep. 2017 was 0.00.

First Federal of Northern Michigan Bancorp's long-term debt to total assets ratio declined from Sep. 2016 (0.07) to Sep. 2017 (0.00). It may suggest that First Federal of Northern Michigan Bancorp is progressively becoming less dependent on debt to grow their business.

First Federal of Northern Michigan Bancorp LT-Debt-to-Total-Asset Historical Data

The historical data trend for First Federal of Northern Michigan 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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First Federal of Northern Michigan Bancorp LT-Debt-to-Total-Asset Chart

First Federal of Northern Michigan Bancorp Annual Data

Trend

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

LT-Debt-to-Total-Asset

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0.12

0.07

0.10

0.05

First Federal of Northern Michigan Bancorp Quarterly Data
	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.07	0.05	0.05	0.07	-

First Federal of Northern Michigan Bancorp LT-Debt-to-Total-Asset Calculation

First Federal of Northern Michigan Bancorp's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2016 is calculated as

LT Debt to Total Assets (A: Dec. 2016 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2016 )	/	Total Assets (A: Dec. 2016 )
	=	17.517	/	344.94
	=	0.05

First Federal of Northern Michigan Bancorp's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2017 is calculated as

LT Debt to Total Assets (Q: Sep. 2017 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2017 )	/	Total Assets (Q: Sep. 2017 )
	=	0.289	/	336.288
	=	0.00

First Federal of Northern Michigan Bancorp (OTCPK:FFNM) 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.

First Federal of Northern Michigan Bancorp LT-Debt-to-Total-Asset Related Terms

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First Federal of Northern Michigan Bancorp (First Federal of Northern Michigan Bancorp) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » First Federal of Northern Michigan Bancorp Inc (OTCPK:FFNM) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.first-federal.com

First Federal of Northern Michigan Bancorp Inc operates as a full-service, community-oriented savings bank whose primary lending activity is the origination of one- to four-family residential real estate mortgages, commercial real estate loans, commercial loans, and consumer loans. Its primary services include accepting deposits, making a commercial, consumer and mortgage loans, and engaging in mortgage banking activities. Geographically all the operation of the group is functioned through the region of US.

Executives

Martin A Thomson

director