RMBI (Richmond Mutual Bancorp) Debt-to-Asset : 0.17 (As of Sep. 2024)

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What is Richmond Mutual Bancorp Debt-to-Asset?

Richmond Mutual Bancorp's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $0.00 Mil. Richmond Mutual Bancorp's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $252.00 Mil. Richmond Mutual Bancorp's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Sep. 2024 was $1,492.55 Mil. Richmond Mutual Bancorp's debt to asset for the quarter that ended in Sep. 2024 was 0.17.

Richmond Mutual Bancorp Debt-to-Asset Historical Data

The historical data trend for Richmond Mutual Bancorp'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.

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Richmond Mutual Bancorp Debt-to-Asset Chart

Richmond Mutual Bancorp Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

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0.16

0.14

0.19

Richmond Mutual Bancorp Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Debt-to-Asset	Get a 7-Day Free Trial															0.17	0.19	0.18	0.17	0.17

Competitive Comparison of Richmond Mutual Bancorp's Debt-to-Asset

For the Banks - Regional subindustry, Richmond Mutual Bancorp'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.

Richmond Mutual Bancorp's Debt-to-Asset Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Richmond Mutual Bancorp's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where Richmond Mutual Bancorp's Debt-to-Asset falls into.

Richmond Mutual Bancorp Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Richmond Mutual Bancorp'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
	=	(0	+	271)	/	1461.024
	=	0.19

Richmond Mutual Bancorp's Debt-to-Asset for the quarter that ended in Sep. 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	+	252)	/	1492.55
	=	0.17

Richmond Mutual Bancorp (NAS:RMBI) 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.

Richmond Mutual Bancorp Debt-to-Asset Related Terms

Thank you for viewing the detailed overview of Richmond Mutual Bancorp's Debt-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

Richmond Mutual Bancorp Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Richmond Mutual Bancorp Inc (NAS:RMBI) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

31 North 9th Street, Richmond, IN, USA, 47374

Website

https://www.firstbankrichmond.com

Richmond Mutual Bancorp Inc is a United States-based banking company. Its principal business consists of attracting deposits from the general public & brokered deposits and investing those funds predominantly in loans secured by commercial and multi-family real estate, first mortgages on owner-occupied, one-to four-family residences, a variety of consumer loans, direct financing leases, and commercial and industrial loans.

Executives

M. Lynn Wetzel	director	RICHMOND MUTUAL BANCORPORATION, INC., 31 N. 9TH STREET, RICHMOND IN 47374
Jeffrey A. Jackson	director	RICHMOND MUTUAL BANCORPORATION, INC., 31 N. 9TH STREET, RICHMOND IN 47374
Hanley Harold T. Iii	director	RICHMOND MUTUAL BANCORPORATION, INC., 31 N. 9TH STREET, RICHMOND IN 47374
Kathryn Cruz-uribe	director	RICHMOND MUTUAL BANCORPORATION, INC., 31 N. 9TH STREET, RICHMOND IN 47374
E. Michael Blum	director	RICHMOND MUTUAL BANCORPORATION, INC., 31 N. 9TH STREET, RICHMOND IN 47374
Bradley M. Glover	officer: Acting CFO	RICHMOND MUTUAL BANCORPORATION, 31 NORTH 9TH STREET, RICHMOND IN 47374
Donald A Benziger	officer: EVP, CFO	RICHMOND MUTUAL BANCORPORATION, INC., 31 N. 9TH STREET, RICHMOND IN 47374
Alan M. Spears	officer: Senior Vice President, Trust	RICHMOND MUTUAL BANCORPORATION, INC., 31 N. 9TH STREET, RICHMOND IN 47374
Robin S. Weinert	officer: SVP Operations/Retail Banking	RICHMOND MUTUAL BANCORPORATION, INC., 31 N. 9TH STREET, RICHMOND IN 47374
Lindley S. Mann	director	RICHMOND MUTUAL BANCORPORATION, INC., 31 N. 9TH STREET, RICHMOND IN 47374
Garry D. Kleer	officer: President, CEO	RICHMOND MUTUAL BANCORPORATION, INC., 31 N. 9TH STREET, RICHMOND IN 47374
Stevens W. Ray Iii	director	RICHMOND MUTUAL BANCORPORATION, INC., 31 N. 9TH STREET, RICHMOND IN 47374
Dean W. Weinert	officer: President, Mutual Federal	RICHMOND MUTUAL BANCORPORATION, INC., 31 N. 9TH STREET, RICHMOND IN 47374
Fullerton Albert E. Jr.	officer: SVP, Chief Information Officer	RICHMOND MUTUAL BANCORPORATION, INC., 31 N. 9TH STREET, RICHMOND IN 47374
Pamela S. Stoops	officer: SVP, Retail Lending Manager	RICHMOND MUTUAL BANCORPORATION, INC., 31 N. 9TH STREET, RICHMOND IN 47374