River Financial (River Financial) Debt-to-Asset : 0.07 (As of Mar. 2024)

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What is River Financial Debt-to-Asset?

River Financial's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $0.0 Mil. River Financial's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $244.5 Mil. River Financial's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Mar. 2024 was $3,368.6 Mil. River Financial's debt to asset for the quarter that ended in Mar. 2024 was 0.07.

River Financial Debt-to-Asset Historical Data

The historical data trend for River Financial's Debt-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.

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River Financial Debt-to-Asset Chart

River Financial Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

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0.02

0.01

0.02

0.05

0.08

River Financial Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Asset	Get a 7-Day Free Trial															0.05	0.07	0.06	0.08	0.07

Competitive Comparison of River Financial's Debt-to-Asset

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

River Financial's Debt-to-Asset Distribution in the Banks Industry

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

* The bar in red indicates where River Financial's Debt-to-Asset falls into.

River Financial Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

River Financial's Debt-to-Asset for the fiscal year that ended in Dec. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(0	+	269.492)	/	3235.25
	=	0.08

River Financial's Debt-to-Asset for the quarter that ended in Mar. 2024 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(0	+	244.51)	/	3368.56
	=	0.07

River Financial (OTCPK:RVRF) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

River Financial Debt-to-Asset Related Terms

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River Financial (River Financial) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » River Financial Corp (OTCPK:RVRF) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

2611 Legends Drive, Prattville, AL, USA, 36066

Website

https://www.riverbankandtrust.com

River Financial Corp is a bank holding company. It provides commercial and consumer banking services to businesses, business owners, and professionals in the United States. It offers services such as loan, deposits, electronic banking and other banking services. It offers demand deposits, savings and time deposits, interest-bearing transaction accounts, money market accounts, negotiable orders of withdrawal accounts, as well as certificates of deposit. Companies principal sources of income are interest and fees collected on loans, interest collected on other investments, fees earned from the origination and sale of residential mortgage loans, and service charges, as well as income from investment brokerage services.

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