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Riverview Bancorp has the Financial Strength Rank of 3. It displays poor financial strength and is likely in financial distress. Usually this is caused by too much debt for the company.
Warning Sign:
Riverview Bancorp Inc displays poor financial strength. Usually, this is caused by too much debt for the company.
GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors:
1. The debt burden that the company has as measured by its Interest Coverage (current year). The higher, the better.GuruFocus does not calculate Riverview Bancorp's interest coverage with the available data. Riverview Bancorp's debt to revenue ratio for the quarter that ended in Dec. 2023 was 3.76. Altman Z-Score does not apply to banks and insurance companies.
GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors
A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.
1. The debt burden that the company has as measured by its Interest Coverage (current year). The higher, the better.
Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.
Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:
Riverview Bancorp's Interest Expense for the months ended in Dec. 2023 was $-4.95 Mil. Its Operating Income for the months ended in Dec. 2023 was $0.00 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $186.22 Mil.
Riverview Bancorp's Interest Coverage for the quarter that ended in Dec. 2023 is
The higher the ratio, the stronger the company's financial strength is.
2. Debt to revenue ratio. The lower, the better.
Riverview Bancorp's Debt to Revenue Ratio for the quarter that ended in Dec. 2023 is
Debt to Revenue Ratio | = | Total Debt (Q: Dec. 2023 ) | / | Revenue | ||
= | (Short-Term Debt & Capital Lease Obligation | + | Long-Term Debt & Capital Lease Obligation) | / | Revenue | |
= | (0 | + | 186.22) | / | 49.52 | |
= | 3.76 |
3. Altman Z-Score.
Z-Score model is an accurate forecaster of failure up to two years prior to distress. It can be considered the assessment of the distress of industrial corporations.
The zones of discrimination were as such:
When Z-Score is less than 1.81, it is in Distress Zones.
When Z-Score is greater than 2.99, it is in Safe Zones.
When Z-Score is between 1.81 and 2.99, it is in Grey Zones.
Altman Z-Score does not apply to banks and insurance companies.
* 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) Financial Strength Explanation
The maximum rank is 10. Companies with rank 7 or higher will be unlikely to fall into distressed situations. Companies with rank of 3 or less are likely in financial distress.
Riverview Bancorp has the Financial Strength Rank of 3. It displays poor financial strength and is likely in financial distress. Usually this is caused by too much debt for the company.
Thank you for viewing the detailed overview of Riverview Bancorp's Financial Strength 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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