Hanmi Financial (Hanmi Financial) Debt-to-Equity : 0.65 (As of Dec. 2023)

View and export this data going back to 1997. Start your Free Trial

What is Hanmi Financial Debt-to-Equity?

Hanmi Financial's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $250.0 Mil. Hanmi Financial's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $205.0 Mil. Hanmi Financial's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $701.9 Mil. Hanmi Financial's debt to equity for the quarter that ended in Dec. 2023 was 0.65.

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

HAFC' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.31 Med: 0.47 Max: 0.75
Current: 0.65

During the past 13 years, the highest Debt-to-Equity Ratio of Hanmi Financial was 0.75. The lowest was 0.31. And the median was 0.47.

HAFC's Debt-to-Equity is ranked better than
52.08% of 1394 companies
in the Banks industry
Industry Median: 0.695 vs HAFC: 0.65

Hanmi Financial Debt-to-Equity Historical Data

The historical data trend for Hanmi Financial'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.

Hanmi Financial Debt-to-Equity Chart

Hanmi Financial Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

0.37

0.47

0.55

0.75

0.65

Hanmi Financial 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															0.75	0.72	0.38	0.44	0.65

Competitive Comparison of Hanmi Financial's Debt-to-Equity

For the Banks - Regional subindustry, Hanmi Financial'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.

Hanmi Financial's Debt-to-Equity Distribution in the Banks Industry

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

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

Hanmi Financial Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Hanmi Financial'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
	=	(250	+	205.012)	/	701.891
	=	0.65

Hanmi Financial'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
	=	(250	+	205.012)	/	701.891
	=	0.65

Hanmi Financial (NAS:HAFC) 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.

Hanmi Financial Debt-to-Equity Related Terms

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

Hanmi Financial (Hanmi Financial) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

900 Wilshire Boulevard, Suite 1250, Los Angeles, CA, USA, 90017

Website

https://www.hanmi.com

Hanmi Financial Corp is a Los Angeles-based bank that caters to Korean-Americans and other multi-ethnic communities across California, Colorado, Georgia, Illinois, New Jersey, New York, Texas, Virginia, and Washington. The bank mainly focuses on small businesses and commercial and real estate loans. Hanmi also offers trade-finance products. The bank has several lending offices outside California and plans to expand outside the state mainly through acquisitions. The Bank's revenues are derived from interest and fees on loans, interest, and dividends on the securities portfolio, service charges on deposit accounts, and sales of SBA loans.

Executives

Romolo Santarosa	officer: SEVP, Corp. Finance & Strategy	6538 VERDE RIDGE ROAD, RANCHO PALOS VERDES CA 90275
Harry Chung	director	C/O IMPERIAL CAPITAL GROUP, INC., 2000 AVENUE OF THE STARS, 9TH FL. SOUTH, LOS ANGELES CA 90067
Michael Yang	director	3660 WILSHIRE BLVD., PH-A, LOS ANGELES CA 90010
Gloria J Lee	director	900 WILSHIRE BLVD., SUITE 1250, LOS ANGELES CA 90017
Joseph Pangrazio	officer: Chief Accounting Officer	900 WILSHIRE BLVD., SUITE 1250, LOS ANGELES CA 90017
Gideon Yu	director	3660 WILSHIRE BLVD., PH-A, LOS ANGELES CA 90010
John J Ahn	director	150 SOUTH FIFTH STREET, SUITE 1360, MINNEAPOLIS MN 55402
Patrick M Carr	officer: Chief Accounting Officer	3660 WILSHIRE BLVD., PH-A, LOS ANGELES CA 90010
Bonita Lee	officer: SEVP & Chief Operating Officer	3731 WILSHIRE BLVD, SUITE 1000, LOS ANGELES CA 90010
David L Rosenblum	director	3660 WILSHIRE BLVD., PH-A, LOS ANGELES CA 90010
Anthony I. Kim	officer: Chief Banking Officer	3660 WILSHIRE BLVD., PH-A, LOS ANGELES CA 90010
Michael Du	officer: Chief Risk Officer	3660 WILSHIRE BLVD., PH-A, LOS ANGELES CA 90010
Joseph K Rho	director	3660 WILSHIRS BLVD PH-A, LOS ANGELES CA 90010
Scott Diehl	director	3660 WILSHIRE BLVD., PH-A, LOS ANGELES CA 90010
Kiho Choi	director	3435 WILSHIRE BLVD., SUITE 2240, LOS ANGELES CA 90010