FirstMerit (FirstMerit) Debt-to-Equity : 0.33 (As of Jun. 2016)

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What is FirstMerit Debt-to-Equity?

FirstMerit's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2016 was $0 Mil. FirstMerit's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2016 was $995 Mil. FirstMerit's Total Stockholders Equity for the quarter that ended in Jun. 2016 was $3,047 Mil. FirstMerit's debt to equity for the quarter that ended in Jun. 2016 was 0.33.

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 FirstMerit's Debt-to-Equity or its related term are showing as below:

FMER's Debt-to-Equity is not ranked ^*
in the Banks industry.
Industry Median: 0.68
* Ranked among companies with meaningful Debt-to-Equity only.

FirstMerit Debt-to-Equity Historical Data

The historical data trend for FirstMerit'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.

FirstMerit Debt-to-Equity Chart

FirstMerit Annual Data

Trend

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Debt-to-Equity

Get a 7-Day Free Trial

0.13

0.08

0.19

0.33

0.37

FirstMerit Quarterly Data
	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16
Debt-to-Equity	Get a 7-Day Free Trial															0.30	0.30	0.37	0.30	0.33

Competitive Comparison of FirstMerit's Debt-to-Equity

For the Banks - Regional subindustry, FirstMerit'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.

FirstMerit's Debt-to-Equity Distribution in the Banks Industry

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

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

FirstMerit Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

FirstMerit's Debt to Equity Ratio for the fiscal year that ended in Dec. 2015 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	+	1085.821)	/	2940.095
	=	0.37

FirstMerit's Debt to Equity Ratio for the quarter that ended in Jun. 2016 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	+	994.836)	/	3047.159
	=	0.33

FirstMerit (NAS:FMER) 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.

FirstMerit Debt-to-Equity Related Terms

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

FirstMerit (FirstMerit) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » FirstMerit Corp (NAS:FMER) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.firstmerit.com

Firstmerit Corp was organized in 1981 under the laws of the State of Ohio, It is a bank holding company. It operates through the Bank and its other subsidiaries, providing banking, fiduciary, financial, insurance and investment services to corporate, institutional and individual customers throughout Ohio, Chicago, Illinois, Michigan, Wisconsin and Western Pennsylvania. The Company manages its operations through the following primary lines of business: Commercial, Retail, Wealth and Other. Banking services are provided by the Company's national banking subsidiary, FirstMerit Bank. The Bank's trust department offers wealth management and trust services. The majority of its customers are comprised of consumers and small and medium sized businesses. The Bank has a small international department to service clients in its markets. The Company competes with other local, regional and national providers of financial services such as other bank holding companies, commercial banks, savings associations, credit unions, consumer and commercial finance companies, equipment leasing companies, mortgage banking companies, investment brokers and other brokerage institutions, money market and mutual funds and insurance companies. The Company is subject to extensive regulation, examination and supervision under by federal and state law.

Executives

Lizabeth A Ardisana	director	328 S. SAGINAW ST., FLINT MI 48430
Brian C Williams	officer: See Remarks	III CASCADE PLAZA AKRON OH 44308
Carlton E Langer	officer: See Remarks	III CASCADE PLAZA AKRON OH 44308
Robert S Cubbin	director
Christopher J Maurer	officer: See Remarks	III CASCADE PLAZA AKRON OH 44308
Steve H Baer	director	III CASCADE PLAZA AKRON OH 44308
Philip A Lloyd	director	II CASCADE PLAZA AKRON OH 44308
R Cary Blair	director	II CASCADE PLAZA AKRON OH 44308
Russ M Strobel	director	NICOR INC P O BOX 3014 NAPERVILLE IL 60566-7014
Nancy H Worman	officer: See Remarks	III CASCADE PLAZA AKRON OH 44308
Michael G Robinson	officer: See Remarks	III CASCADE PLAZA AKRON OH 44308
William P Richgels	officer: See Remarks	III CASCADE PLAZA AKRON OH 44308
Mark D Quinlan	officer: See Remarks	200 NORTH ADAMS STREET, GREEN BAY WI 54301
Paul G Greig	director, officer: Chairman, President and CEO	III CASCADE PLAZA, AKRON OH 44308
Karen S Belden	director	II CASCADE PLAZA AKRON OH 44308

FirstMerit (FirstMerit) Headlines

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