GBank Financial Holdings (GBank Financial Holdings) Total Assets : $963.45 Mil (As of Mar. 2024)

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What is GBank Financial Holdings Total Assets?

GBank Financial Holdings's Total Assets for the quarter that ended in Mar. 2024 was $963.45 Mil.

Warning Sign:

If a company builds assets at 34.1% a year, faster than its revenue growth rate of 23.7% over the past 5 years, it means that the company may be getting less efficient.

During the past 12 months, GBank Financial Holdings's average Total Assets Growth Rate was 55.70% per year. During the past 3 years, the average Total Assets Growth Rate was 37.10% per year. During the past 5 years, the average Total Assets Growth Rate was 34.10% per year.

During the past 7 years, GBank Financial Holdings's highest 3-Year average Total Assets Growth Rate was 37.10%. The lowest was 29.00%. And the median was 31.55%.

Total Assets is connected with ROA %. GBank Financial Holdings's annualized ROA % for the quarter that ended in Mar. 2024 was 1.57%. Total Assets is also linked to Revenue through Asset Turnover. GBank Financial Holdings's Asset Turnover for the quarter that ended in Mar. 2024 was 0.01.

GBank Financial Holdings Total Assets Historical Data

The historical data trend for GBank Financial Holdings's Total Assets 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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GBank Financial Holdings Total Assets Chart

GBank Financial Holdings Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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344.33

470.64

620.30

678.70

918.38

GBank Financial Holdings Quarterly Data
	Dec17	Dec18	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Total Assets	Get a 7-Day Free Trial															685.24	684.94	729.32	918.38	963.45

GBank Financial Holdings Total Assets Calculation

Total Assets are all the assets a company owns.

From the capital sources of the assets, some of the assets are funded through shareholder's paid in capital and retained earnings of the business. Others are funded through borrowed money.

GBank Financial Holdings's Total Assets for the fiscal year that ended in Dec. 2023 is calculated as

Total Assets	=	Total Equity (A: Dec. 2023 )	+	Total Liabilities (A: Dec. 2023 )
	=	98.427	+	819.953
	=	918.38

GBank Financial Holdings's Total Assets for the quarter that ended in Mar. 2024 is calculated as

Total Assets	=	Total Equity (Q: Mar. 2024 )	+	Total Liabilities (Q: Mar. 2024 )
	=	102.566	+	860.884
	=	963.45

GBank Financial Holdings (OTCPK:GBFH) Total Assets Explanation

Total Assets is connected with ROA %.

GBank Financial Holdings's annualized ROA % for the quarter that ended in Mar. 2024 is

ROA %	=	Net Income (Q: Mar. 2024 )	/	( (Total Assets (Q: Dec. 2023 )	+	Total Assets (Q: Mar. 2024 ))	/ count )
	=	14.804	/	( (918.38	+	963.45)	/ 2 )
	=	14.804	/	940.915
	=	1.57 %

Note: The Net Income data used here is four times the quarterly (Mar. 2024) data.

In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.

Total Assets is linked to total revenue through Asset Turnover.

GBank Financial Holdings's Asset Turnover for the quarter that ended in Mar. 2024 is

	Asset Turnover
=	Revenue (Q: Mar. 2024 )	/	( (Total Assets (Q: Dec. 2023 )	+	Total Assets (Q: Mar. 2024 ))	/ count )
=	13.207	/	( (918.38	+	963.45)	/ 2 )
=	13.207	/	940.915
=	0.01

Therefore, if a company grows its Total Assets faster than its Revenue, the Asset Turnover will decline. This might be a warning sign for the business.

GBank Financial Holdings Total Assets Related Terms

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GBank Financial Holdings (GBank Financial Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » GBank Financial Holdings Inc (OTCPK:GBFH) » Definitions » Total Assets

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Traded in Other Exchanges

N/A

Address

9115 West Russell Road, Suite 110, Las Vegas, NV, USA, 89148

Website

https://www.gbankfinancialholdings.com

GBank Financial Holdings Inc, through its subsidiary, provides banking services to commercial and consumer customers. Its services include Business Savings Account; Business Money Market Account; Commercial Real Estate Loans; Equipment Loans; Medical/Professional Loans and others.