Citizens & Northern (Citizens & Northern) Debt-to-Equity : 0.80 (As of Dec. 2023)

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What is Citizens & Northern Debt-to-Equity?

Citizens & Northern's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $63.7 Mil. Citizens & Northern's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $145.7 Mil. Citizens & Northern's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $262.4 Mil. Citizens & Northern's debt to equity for the quarter that ended in Dec. 2023 was 0.80.

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 Citizens & Northern's Debt-to-Equity or its related term are showing as below:

CZNC' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.06 Med: 0.31 Max: 0.8
Current: 0.8

During the past 13 years, the highest Debt-to-Equity Ratio of Citizens & Northern was 0.80. The lowest was 0.06. And the median was 0.31.

CZNC's Debt-to-Equity is ranked worse than
54.56% of 1393 companies
in the Banks industry
Industry Median: 0.69 vs CZNC: 0.80

Citizens & Northern Debt-to-Equity Historical Data

The historical data trend for Citizens & Northern'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.

Citizens & Northern Debt-to-Equity Chart

Citizens & Northern Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.59

0.30

0.25

0.72

0.80

Citizens & Northern 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	Get a 7-Day Free Trial															0.72	0.90	0.75	0.78	0.80

Competitive Comparison of Citizens & Northern's Debt-to-Equity

For the Banks - Regional subindustry, Citizens & Northern'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.

Citizens & Northern's Debt-to-Equity Distribution in the Banks Industry

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

* The bar in red indicates where Citizens & Northern's Debt-to-Equity falls into.

Citizens & Northern Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Citizens & Northern'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
	=	(63.661	+	145.724)	/	262.381
	=	0.80

Citizens & Northern'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
	=	(63.661	+	145.724)	/	262.381
	=	0.80

Citizens & Northern (NAS:CZNC) 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.

Citizens & Northern Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Citizens & Northern's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Citizens & Northern (Citizens & Northern) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Citizens & Northern Corp (NAS:CZNC) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

90-92 Main Street, Wellsboro, PA, USA, 16901

Website

https://www.cnbankpa.com

Citizens & Northern Corp is a community bank operating through its subsidiaries. It provides banking services, including deposit and loan products for personal and commercial customers. The bank also maintains a trust division that provides a wide range of financial services, such as 401(k) plans, retirement planning, estate planning, estate settlements and asset management.

Executives

Frank G Pellegrino	director	2050 POCO FARM ROAD, WILLIAMSPORT PA 17701
Robert G Loughery	director	1128 SLOTTER ROAD, PERKASIE PA 18944
Katherine W Shattuck	director	2548 LAKE ROAD, TOWANDA PA 18848
Tracy Ellen Watkins	officer: EXEC. VP	1972 NORTH WILLIAMSON ROAD, COVINGTON PA 16917-9516
Bobbi J Kilmer	director	555 COUNTRY VIEW DRIVE, TOWANDA PA 18848
Glenn Richard James	officer: EVP Counsel, Corp Secretary	90-92 MAIN ST, WELLSBORO PA 16901
Timothy E Schoener	director	821 HAWTHORNE AVE, WILLIAMSPORT PA 17701
Kelley A Cwiklinski	officer: EVP Chief Comm Lending Officer	90-92 MAIN ST, WELLSBORO PA 16901
Leo F Lambert	director	PO BOX 345, DUSHORE PA 18614
Helen S Santiago	director	263 BRIDGE STREET HILL RD, TOWANDA PA 18848
Terry L Lehman	director	5066 NORTH SHERMAN STREET, MOUNT WOLF PA 17347
Matthew L Bower	officer: EVP, Chief Wealth Mgmt Officer	90-92 MAIN ST, WELLSBORO PA 16901
Susan E Hartley	director	1293 HOFFMAN HOLLOW RD, LOWMAN NY 14861
Stephen M Dorwart	director	234 CEDAR ROAD, MULLICA HILL NJ 08062
Alexander Balagour	officer: EVP- CHIEF INFORMATION OFFICER	45 TEAL DRIVE, LANGHORNE PA 19047