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CIWV (Citizens Financial WV) Equity-to-Asset : 0.07 (As of Sep. 2024)


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What is Citizens Financial WV Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Citizens Financial WV's Total Stockholders Equity for the quarter that ended in Sep. 2024 was $49.06 Mil. Citizens Financial WV's Total Assets for the quarter that ended in Sep. 2024 was $692.17 Mil. Therefore, Citizens Financial WV's Equity to Asset Ratio for the quarter that ended in Sep. 2024 was 0.07.

The historical rank and industry rank for Citizens Financial WV's Equity-to-Asset or its related term are showing as below:

CIWV' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.06   Med: 0.07   Max: 0.1
Current: 0.07

During the past 13 years, the highest Equity to Asset Ratio of Citizens Financial WV was 0.10. The lowest was 0.06. And the median was 0.07.

CIWV's Equity-to-Asset is ranked worse than
74.35% of 1544 companies
in the Banks industry
Industry Median: 0.1 vs CIWV: 0.07

Citizens Financial WV Equity-to-Asset Historical Data

The historical data trend for Citizens Financial WV's Equity-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.

* Premium members only.

Citizens Financial WV Equity-to-Asset Chart

Citizens Financial WV Annual Data
Trend Dec04 Dec05 Dec06 Dec07 Dec08 Dec19 Dec20 Dec21 Dec22 Dec23
Equity-to-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.10 0.10 0.07 0.06 0.07

Citizens Financial WV Quarterly Data
Sep07 Dec07 Mar08 Jun08 Sep08 Dec08 Mar09 Jun09 Sep09 Dec19 Dec20 Dec21 Jun22 Sep22 Dec22 Jun23 Sep23 Dec23 Jun24 Sep24
Equity-to-Asset 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 0.07 0.07 0.07 0.07 0.07

Competitive Comparison of Citizens Financial WV's Equity-to-Asset

For the Banks - Regional subindustry, Citizens Financial WV's Equity-to-Asset, along with its competitors' market caps and Equity-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.


Citizens Financial WV's Equity-to-Asset Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Citizens Financial WV's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where Citizens Financial WV's Equity-to-Asset falls into.



Citizens Financial WV Equity-to-Asset Calculation

Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.

Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.

Citizens Financial WV's Equity to Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Equity to Asset (A: Dec. 2023 )=Total Stockholders Equity/Total Assets
=43.155/651.855
=0.07

Citizens Financial WV's Equity to Asset Ratio for the quarter that ended in Sep. 2024 is calculated as

Equity to Asset (Q: Sep. 2024 )=Total Stockholders Equity/Total Assets
=49.057/692.173
=0.07

* 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.


Citizens Financial WV  (OTCPK:CIWV) Equity-to-Asset Explanation

Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.

For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.


Citizens Financial WV Equity-to-Asset Related Terms

Thank you for viewing the detailed overview of Citizens Financial WV's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.


Citizens Financial WV Business Description

Traded in Other Exchanges
N/A
Address
211 Third Street, P.O. Box 1519, Elkins, WV, USA, 26241
Citizens Financial Corp WV is a bank holding company. The company provides retail, secondary market, and commercial loans services, as well as, deposit, trust and brokerage services to customers in Randolph, Tucker, Upshur, Pocahontas and Wetzel Counties of West Virginia and nearby areas. The Bank identifies the portfolio segment as commercial non-real estate, commercial real estate, residential real estate, consumer and tax-exempt customer.

Citizens Financial WV Headlines