Rhinebeck Bancorp (Rhinebeck Bancorp) LT-Debt-to-Total-Asset : 0.04 (As of Mar. 2024)

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

Rhinebeck Bancorp's long-term debt to total assets ratio declined from Mar. 2023 (0.08) to Mar. 2024 (0.04). It may suggest that Rhinebeck Bancorp is progressively becoming less dependent on debt to grow their business.

Rhinebeck Bancorp LT-Debt-to-Total-Asset Historical Data

The historical data trend for Rhinebeck 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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Rhinebeck Bancorp LT-Debt-to-Total-Asset Chart

Rhinebeck Bancorp Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.07

0.05

0.02

0.05

0.10

Rhinebeck Bancorp 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															0.08	0.08	0.04	0.10	0.04

Rhinebeck Bancorp LT-Debt-to-Total-Asset Calculation

Rhinebeck Bancorp'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 )
	=	133.219	/	1313.202
	=	0.10

Rhinebeck Bancorp'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 )
	=	53.219	/	1298.784
	=	0.04

Rhinebeck Bancorp (NAS:RBKB) 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.

Rhinebeck Bancorp LT-Debt-to-Total-Asset Related Terms

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Rhinebeck Bancorp (Rhinebeck Bancorp) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Rhinebeck Bancorp Inc (NAS:RBKB) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

2 Jefferson Plaza, Poughkeepsie, NY, USA, 12601

Website

https://www.rhinebeckbank.com

Rhinebeck Bancorp Inc is the holding company for Rhinebeck Bank which provides a full range of banking and financial services to consumer and commercial customers. Financial services, including investment advisory and financial product sales, are offered through a division of the Bank doing business as Rhinebeck Asset Management (RAM). The Bank's primary business activity is accepting deposits from the general public and using those funds to originate indirect automobile loans (automobile loans referred by automobile dealerships), commercial real estate loans (which include multi-family real estate loans and commercial construction loans), commercial business loans and one- to four-family residential real estate loans, and to purchase investment securities.

Executives

Jamie J. Bloom	officer: Chief Operating Officer	2 JEFFERSON PLAZA, POUGHKEEPSIE NY 12601
Louis Jr. Tumolo	director	2 JEFFERSON PLAZA, POUGHKEEPSIE NY 12601
Mark D. Malone	officer: Chief Retail Officer	2 JEFFERSON PLAZA, POUGHKEEPSIE NY 12601
Michael J. Quinn	director, officer: President & CEO	2 JEFFERSON PLAZA, POUGHKEEPSIE NY 12601
Karen E. Morgan-d'amelio	officer: CRO, Gen. Cnsl and Corp Sec.	2 JEFFERSON PLAZA, POUGHKEEPSIE NY 12601
Philip J Bronzi	officer: Chief Lending Officer	2 JEFFERSON PLAZA, POUGHKEEPSIE NY 12601
Michael J. Mcdermott	officer: Chief Financial Officer	2 JEFFERSON PLAZA, POUGHKEEPSIE NY 12601
Mccardle James T. Iii	officer: Chief Credit Officer	2 JEFFERSON PLAZA, POUGHKEEPSIE NY 12601
Francis X. Dwyer	officer: President of Subsidiary	2 JEFFERSON PLAZA, POUGHKEEPSIE NY 12601
Timmian Massie	officer: Chief Mktg/Pub Aff Ofc	2 JEFFERSON PLAZA, POUGHKEEPSIE NY 12601
Steven E Howell	director	12 MAIN STREET, WALDEN NY 12586
William C. Irwin	director	2 JEFFERSON PLAZA, POUGHKEEPSIE NY 12601
Christopher W. Chestney	director	2 JEFFERSON PLAZA, POUGHKEEPSIE NY 12601
Freddimir Garcia	director	2 JEFFERSON PLAZA, POUGHKEEPSIE NY 12601
Shannon Martin Lafrance	director	2 JEFFERSON PLAZA, POUGHKEEPSIE NY 12601