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Summit State Bank (Summit State Bank) Debt-to-Revenue : 0.19 (As of Dec. 2023)


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What is Summit State Bank Debt-to-Revenue?

Debt-to-Revenue measures a company's ability to pay off its debt.

Summit State Bank's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.00 Mil. Summit State Bank's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $5.92 Mil. Summit State Bank's annualized Revenue for the quarter that ended in Dec. 2023 was $31.08 Mil. Summit State Bank's annualized Debt-to-Revenue for the quarter that ended in Dec. 2023 was 0.19.


Summit State Bank Debt-to-Revenue Historical Data

The historical data trend for Summit State Bank's Debt-to-Revenue 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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Summit State Bank Debt-to-Revenue Chart

Summit State Bank Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-Revenue
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.02 1.73 1.29 0.95 0.15

Summit State Bank Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Jun23 Sep23 Dec23
Debt-to-Revenue Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.65 0.90 0.13 0.16 0.19

Competitive Comparison of Summit State Bank's Debt-to-Revenue

For the Banks - Regional subindustry, Summit State Bank's Debt-to-Revenue, along with its competitors' market caps and Debt-to-Revenue 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.


Summit State Bank's Debt-to-Revenue Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Summit State Bank's Debt-to-Revenue distribution charts can be found below:

* The bar in red indicates where Summit State Bank's Debt-to-Revenue falls into.



Summit State Bank Debt-to-Revenue Calculation

Debt-to-Revenue measures a company's ability to pay off its debt.

Summit State Bank's Debt-to-Revenue for the fiscal year that ended in Dec. 2023 is calculated as

Debt-to-Revenue=Total Debt / Revenue
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Revenue
=(0 + 5.92) / 40.28
=0.15

Summit State Bank's annualized Debt-to-Revenue for the quarter that ended in Dec. 2023 is calculated as

Debt-to-Revenue=Total Debt / Revenue
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Revenue
=(0 + 5.92) / 31.08
=0.19

* 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.

In the calculation of annual Debt-to-Revenue, the Revenue of the last fiscal year is used. In calculating the annualized quarterly data, the Revenue data used here is four times the quarterly (Dec. 2023) Revenue data.


Summit State Bank Debt-to-Revenue Related Terms

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Summit State Bank (Summit State Bank) Business Description

Traded in Other Exchanges
N/A
Address
500 Bicentennial Way, Santa Rosa, CA, USA, 95403
Summit State Bank is a state-chartered commercial bank operating a traditional community banking business within the primary service area of Sonoma County in California, however, it also considers and makes loans to borrowers primarily from Marin, Napa, and San Francisco counties. The bank provides a broad array of financial services to small to medium-sized businesses and their owners and employees, entrepreneurs, high-net-worth families, foundations, estates, and individual consumers. Its lending activities are primarily focused on commercial real estate, construction, and business loans to targeted clientele. The bank also has loan production offices in California (Roseville, Irvine, and Tustin), Arizona (Scottsdale), Texas (Montgomery), and Washington (Mukilteo).