Northrim BanCorp (Northrim BanCorp) Debt-to-Equity

: 0.14 (As of Dec. 2023)

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Northrim BanCorp's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.0 Mil. Northrim BanCorp's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $33.1 Mil. Northrim BanCorp's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $234.7 Mil. Northrim BanCorp's debt to equity for the quarter that ended in Dec. 2023 was 0.14.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Northrim BanCorp's Debt-to-Equity or its related term are showing as below:

NRIM' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.09 Med: 0.15 Max: 0.27
Current: 0.14

During the past 13 years, the highest Debt-to-Equity Ratio of Northrim BanCorp was 0.27. The lowest was 0.09. And the median was 0.15.

NRIM's Debt-to-Equity is ranked better than
87.24% of 1395 companies
in the Banks industry
Industry Median: 0.7 vs NRIM: 0.14

Northrim BanCorp Debt-to-Equity Historical Data

The historical data trend for Northrim BanCorp's Debt-to-Equity 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.

Northrim BanCorp Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

0.16

0.17

0.15

0.16

0.14

Northrim BanCorp Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity																0.16	0.15	0.39	0.37	0.14

Competitive Comparison

For the Banks - Regional subindustry, Northrim BanCorp's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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.

Northrim BanCorp Debt-to-Equity Distribution

For the Banks industry and Financial Services sector, Northrim BanCorp's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Northrim BanCorp's Debt-to-Equity falls into.

Northrim BanCorp Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Northrim BanCorp's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(0	+	33.077)	/	234.718
	=	0.14

Northrim BanCorp's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(0	+	33.077)	/	234.718
	=	0.14

Northrim BanCorp (NAS:NRIM) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Northrim BanCorp Debt-to-Equity Related Terms

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Northrim BanCorp (Northrim BanCorp) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Northrim BanCorp Inc (NAS:NRIM) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

NRI:Germany

Address

3111 C Street, Anchorage, AK, USA, 99503

Website

https://www.northrim.com

Northrim BanCorp Inc is a bank holding company. The company operates in two segments: Community Banking and Home Mortgage Lending. It generates maximum revenue from the Community Banking segment. It offers to spend and save products such as checking, savings, money market accounts, debit cards, cashback rewards, and credit cards. It also includes loans and credit lines, mortgage loans, investment, and plan products.

Executives

Linda C Thomas	director	P.O. BOX 20905, JUNEAU AK 99802
Murphy Krystal Nelson	director	3111 C STREET, ANCHORAGE AK 99503
Marilyn Romano	director	3111 C STREET, ANCHORAGE AK 99503
Aaron Michael Schutt	director	3111 C STREET, ANCHORAGE AK 99503
Joseph Marushack	director	3111 C STREET, ANCHORAGE AK 99503
David G Wight	director	3111 C STREET, ANCHORAGE AK 99503
John C Swalling	director	NORTHRIM BANCORP INC, PO BOX 241489, ANCHORAGE AK 99524-1489
David W Karp	director	4731 BLUE HERON CIRCLE, ANCHORAGE AK 99507
David J Mccambridge	director	3111 C STREET, ANCHORAGE AK 99503
Joseph M Schierhorn	officer: EVP, CFO	NORTHRIM BANCORP, INC., P.O. BOX 241489, ANCHORAGE AL 99524-1489
Jed W Ballard	officer: EVP, CFO	3111 C STREET, ANCHORAGE AK 99503
Larry S Cash	director	NORTHRIM BANCORPINC, PO BOX 241489, ANCHORAGE AK 99524-1489
Karl L Hanneman	director	506 GAFFNEY ROAD, SUITE 200, FAIRBANKS AK 99701
Anthony Drabek	director	NORTHRIM BANCORP, INC., P.O. BOX 241489, ANCHORAGE AL 99524-1489
Michael A Martin	officer: EVP, Gen Counsel & Corp Sec	3111 C STREET, ANCHORAGE AK 99503