Ohio Valley Banc (Ohio Valley Banc) LT-Debt-to-Total-Asset : 0.04 (As of Mar. 2024)

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What is Ohio Valley Banc 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. Ohio Valley Banc's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.04.

Ohio Valley Banc's long-term debt to total assets ratio increased from Mar. 2023 (0.02) to Mar. 2024 (0.04). It may suggest that Ohio Valley Banc is progressively becoming more dependent on debt to grow their business.

Ohio Valley Banc LT-Debt-to-Total-Asset Historical Data

The historical data trend for Ohio Valley Banc'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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Ohio Valley Banc LT-Debt-to-Total-Asset Chart

Ohio Valley Banc Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.04

0.03

0.02

0.04

Ohio Valley Banc 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															0.02	0.03	0.04	0.04	0.04

Ohio Valley Banc LT-Debt-to-Total-Asset Calculation

Ohio Valley Banc'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 )
	=	54.298	/	1352.135
	=	0.04

Ohio Valley Banc'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 )
	=	52.92	/	1372.599
	=	0.04

Ohio Valley Banc (NAS:OVBC) 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.

Ohio Valley Banc LT-Debt-to-Total-Asset Related Terms

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Ohio Valley Banc (Ohio Valley Banc) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Ohio Valley Banc Corporation (NAS:OVBC) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

420 Third Avenue, PO Box 240, Gallipolis, OH, USA, 45631

Website

https://www.ovbc.com

Ohio Valley Banc Corporation is a financial holding company. The bank is a full-service financial institution offering a blend of commercial and consumer banking services within Southeastern Ohio as well as western West Virginia. The banking services offered by the bank include the acceptance of deposits in checking, savings, time and money market accounts; the making and servicing of personal, commercial, and student loans; and the making of construction and real estate loans. It also offers individual retirement accounts, safe deposit boxes, wire transfers and other standard banking products and services. The bank segmented its operating activities into two reportable segments, Banking and Consumer Finance. The majority of its total revenue is derived from the Banking segment.

Executives

Edward Bryant Roberts	director	420 THIRD AVENUE, PO BOX 240, GALLIPOLIS OH 45631
Bryan F Stepp	officer: SVP and CCO	420 THIRD AVENUE, P O BOX 240, GALLIPOLIS OH 45631-0240
Anna P Barnitz	director	P.O. BOX 240, 420 3RD AVE., GALLIPOLIS OH 45631-0240
Edward Allen Bell	other: Not a reporting person	5521 OHIO RIVER ROAD, POINT PLEASANT WV 25550
Ryan Joseph Jones	officer: RISK OFFICER/COO	420 THIRD AVENUE, GALLIPOLIS OH 45631
Brent A Saunders	director	P.O. BOX 240, 420 3RD AVE., GALLIPOLIS OH 45631-0240
Kevin Ryan Smith	director	420 THIRD AVENUE, P.O. BOX 240, GALLIPOLIS OH 45631
David W Thomas	director	1204 BROKEN BOW CT, WESTERVILLE OH 43081-3262
Katrinka V Hart	officer: Vice President of OVBC	P.O. BOX 240, 420 3RD AVE., GALLIPOLIS OH 45631-0240
Edward J Robbins	director	420 THIRD AVENUE P O BOX 240, GALLIPOLIS OH 45631
Thomas E Wiseman	director	P.O. BOX 240, 420 3RD AVE., GALLIPOLIS OH 45631-0240
Kimberly A Canady	director	420 THIRD AVENUE P O BOX 240, GALLIPOLIS OH 45631
Jeffrey E Smith	director, officer: President and CEO of OVBC	P.O. BOX 240, 420 3RD AVE., GALLIPOLIS OH 45631-0240
John G Jones	director	420 THIRD AVENUE, P O BOX 240, GALLIPOLIS OH 45631
Harold A Howe	director, officer: Vice President of OVBC	P.O. BOX 240, 420 3RD AVE., GALLIPOLIS OH 45631-0240