Merchants & Marine Bancorp (Merchants & Marine Bancorp) Debt-to-Equity : 0.00 (As of Jun. 2023)

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What is Merchants & Marine Bancorp Debt-to-Equity?

Merchants & Marine Bancorp's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was $0.00 Mil. Merchants & Marine Bancorp's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was $0.00 Mil. Merchants & Marine Bancorp's Total Stockholders Equity for the quarter that ended in Jun. 2023 was $117.54 Mil. Merchants & Marine Bancorp's debt to equity for the quarter that ended in Jun. 2023 was 0.00.

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 Merchants & Marine Bancorp's Debt-to-Equity or its related term are showing as below:

MNMB' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.01 Max: 0.41
Current: 0.41

During the past 13 years, the highest Debt-to-Equity Ratio of Merchants & Marine Bancorp was 0.41. The lowest was 0.00. And the median was 0.01.

MNMB's Debt-to-Equity is ranked better than
65.9% of 1393 companies
in the Banks industry
Industry Median: 0.67 vs MNMB: 0.41

Merchants & Marine Bancorp Debt-to-Equity Historical Data

The historical data trend for Merchants & Marine Bancorp'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.

Merchants & Marine Bancorp Debt-to-Equity Chart

Merchants & Marine Bancorp Annual Data

Trend

Dec10

Dec11

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.01

0.41

Merchants & Marine Bancorp Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															-	-	-	-	0.41

Competitive Comparison of Merchants & Marine Bancorp's Debt-to-Equity

For the Banks - Regional subindustry, Merchants & Marine Bancorp'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.

Merchants & Marine Bancorp's Debt-to-Equity Distribution in the Banks Industry

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

* The bar in red indicates where Merchants & Marine Bancorp's Debt-to-Equity falls into.

Merchants & Marine Bancorp Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Merchants & Marine Bancorp'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
	=	(0	+	50.583)	/	123.75
	=	0.41

Merchants & Marine Bancorp's Debt to Equity Ratio for the quarter that ended in Jun. 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
	=	(0	+	0)	/	117.539
	=	0.00

Merchants & Marine Bancorp (OTCPK:MNMB) 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.

Merchants & Marine Bancorp Debt-to-Equity Related Terms

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

Merchants & Marine Bancorp (Merchants & Marine Bancorp) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Merchants & Marine Bancorp Inc (OTCPK:MNMB) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

3118 Pascagoula Street, Pascagoula, MS, USA, 39567

Website

https://www.mandmbank.com

Merchants & Marine Bancorp Inc provides full-service financial banking services to individuals, partnerships, corporations, and governmental agencies. Its deposit products include checking accounts, savings accounts, individual retirement accounts, and certificates of deposit. The bank generates commercial, mortgage, and consumer loans and receives deposits from customers located in Jackson and George Counties in Mississippi and Baldwin County in Alabama.

Executives

Elise Bourgeois	officer: Sr VP	3118 PASCAGOULA STREET, PASCAGOULA MS 39567
Martin Regan	officer: Senior VP	3118 PASCAGOULA STREET, PASCAGOULA MS 39567
John F Grafe	director	3118 PASCAGOULA STREET, PASCAGOULA MS 39567
James M Wheat	officer: Senior Vice President	3118 PASCAGOULA STREET, PASCAGOULA MS 39567
Moore Paul H Sr	other: Honorary Director	3118 PASCAGOULA STREET, PASCAGOULA MS 39567
Hammond Frank J Iii	director	3118 PASCAGOULA STREET, PASCAGOULA MS 39567
St Pe Gerald J	director	270 PEACHTREE ST NW BIN 910, ATLANTA GA 30303
O Linwood Grierson	officer: Senior Vice President - Securi	3118 PASCAGOULA STREET, PASCAGOULA MS 39567
Gregory Todd Trenchard	officer: Senior Vice President	3118 PASCAGOULA STREET, PASCAGOULA MS 39567
Royce Cumbest	director, officer: President, Ch of Bd & CEO	3118 PASCAGOULA STREET, PASCAGOULA MS 39567
Jerry L Lee	other: Honorary Director	3118 PASCAGOULA STREET, PASCAGOULA MS 39567
Lynda J Gautier	director	3118 PASCAGOULA STREET, PASCAGOULA MS 39567
Fox Clarence Henry Jr.	officer: Senior Vice President	3118 PASCAGOULA STREET, PASCAGOULA MS 39567
Herman E Smith	officer: Senior Vice President	3118 PASCAGOULA STREET, PASCAGOULA MS 39567
Scott B Lemon	other: Advisor	3118 PASCAGOULA STREET, PASCAGOULA MS 39567

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