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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. Riverview Bancorp's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.12.
Riverview Bancorp's long-term debt to total assets ratio increased from Dec. 2022 (0.04) to Dec. 2023 (0.12). It may suggest that Riverview Bancorp is progressively becoming more dependent on debt to grow their business.
The historical data trend for Riverview 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.
Riverview Bancorp Annual Data | |||||||||||||||||||||
Trend | Mar15 | Mar16 | Mar17 | Mar18 | Mar19 | Mar20 | Mar21 | Mar22 | Mar23 | Mar24 | |||||||||||
LT-Debt-to-Total-Asset | Get a 7-Day Free Trial | 0.03 | 0.02 | 0.02 | 0.10 | 0.08 |
Riverview 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 | 0.10 | 0.10 | 0.11 | 0.12 | 0.08 |
Riverview Bancorp's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Mar. 2023 is calculated as
LT Debt to Total Assets (A: Mar. 2023 ) | = | Long-Term Debt & Capital Lease Obligation (A: Mar. 2023 ) | / | Total Assets (A: Mar. 2023 ) |
= | 152.901 | / | 1589.712 | |
= | 0.10 |
Riverview Bancorp's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as
LT Debt to Total Assets (Q: Dec. 2023 ) | = | Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 ) | / | Total Assets (Q: Dec. 2023 ) |
= | 186.22 | / | 1590.623 | |
= | 0.12 |
* 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.
Riverview Bancorp (NAS:RVSB) 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.
Thank you for viewing the detailed overview of Riverview Bancorp's LT-Debt-to-Total-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Robert Benke | officer: EVP/CCO | 900 WASHINGTON ST, STE 900, VANCOUVER WA 98660 |
Valerie Moreno | director | 900 WASHINGTON STREET, SUITE 900, VANCOUVER WA 98660 |
Michael Sventek | officer: EVP/CLO | 900 WASHINGTON ST, SUITE 900, VANCOUVER WA 98660 |
Stacey Graham | director | 900 WASHINGTON STREET, SUITE 900, VANCOUVER WA 98660 |
Bradley Carlson | director | 900 WASHINGTON STREET, SUITE 900, VANCOUVER WA 98660 |
Bessie Ross Wills | director | 900 WASHINGTON STREET, SUITE 900, VANCOUVER WA 98660 |
Sowers Courtney Evan | officer: President/CEO - Trust Co. | 900 WASHINGTON STREET, SUITE 900, VANCOUVER WA 98660 |
Larry Hoff | director | 900 WASHINGTON STREET, SUITE 900, VANCOUVER WA 98660 |
Tracie L. Jellison | officer: Chief Retail Banking Officer | 900 WASHINGTON STREET, SUITE 900, VANCOUVER WA 98660 |
Patricia Eby | director | 900 WASHINGTON STREET, SUITE 900, VANCOUVER WA 98660 |
John A Karas | officer: Sr. Vice President | 900 WASHINGTON ST, SUITE 900, VANCOUVER WA 98660 |
Martin S. Friedman | 10 percent owner, other: See Remarks below | 7901 JONES BRANCH DR. SUITE 210, MCLEAN VA 22102 |
David Nierenberg | director | 19605 NE 8TH STREET, CAMAS WA 98607 |
Kim J Capeloto | officer: Executive Vice President | 900 WASHINGTON ST., SUITE 900, VANCOUVER WA 98660 |
Daniel D Cox | officer: EVP, Chief Credit Officer | 900 WASHINGTON STREET, SUITE 900, VANCOUVER WA 98660 |
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