Provident Financial Services (Provident Financial Services) Debt-to-Equity : 0.86 (As of Dec. 2023)

View and export this data going back to 2003. Start your Free Trial

What is Provident Financial Services Debt-to-Equity?

Provident Financial Services's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.0 Mil. Provident Financial Services's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $1,458.6 Mil. Provident Financial Services's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $1,690.6 Mil. Provident Financial Services's debt to equity for the quarter that ended in Dec. 2023 was 0.86.

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

PFS' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.31 Med: 0.92 Max: 1.23
Current: 1.22

During the past 13 years, the highest Debt-to-Equity Ratio of Provident Financial Services was 1.23. The lowest was 0.31. And the median was 0.92.

PFS's Debt-to-Equity is ranked worse than
70.01% of 1394 companies
in the Banks industry
Industry Median: 0.695 vs PFS: 1.22

Provident Financial Services Debt-to-Equity Historical Data

The historical data trend for Provident Financial Services'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.

Provident Financial Services Debt-to-Equity Chart

Provident Financial Services Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

0.75

0.68

0.31

0.78

0.86

Provident Financial Services Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															0.92	1.08	1.20	0.86	1.22

Competitive Comparison of Provident Financial Services's Debt-to-Equity

For the Banks - Regional subindustry, Provident Financial Services'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.

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

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

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

Provident Financial Services Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Provident Financial Services'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	+	1458.567)	/	1690.596
	=	0.86

Provident Financial Services'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
	=	(0	+	1458.567)	/	1690.596
	=	0.86

Provident Financial Services (NYSE:PFS) 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.

Provident Financial Services Debt-to-Equity Related Terms

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

Provident Financial Services (Provident Financial Services) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Provident Financial Services Inc (NYSE:PFS) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

PQ3:Germany

Address

239 Washington Street, Jersey, NJ, USA, 07302

Website

https://www.provident.bank

Provident Financial Services Inc is the holding company for The Provident Bank, a community-oriented bank. The company provides a comprehensive array of financial products and services through its network of branches throughout northern and central New Jersey, and certain counties in Pennsylvania. The company's strategy emphasizes growing high-return businesses in nonstandard markets, and maintaining a secured capital structure. Commercial loans represent a plurality of the company's loans, followed by construction loans. The majority of the revenue-generating activities that are components of non-interest income are These revenue streams can generally be classified into three broad categories: wealth management revenue, insurance agency income, and banking service charges and other fees.

Executives

James P Dunigan	director	239 WASHINGTON STREET, JERSEY CITY NJ 07302
Vito Giannola	officer: EVP & Chief Retail Banking Ofc	C/O SUSSEX BANCORP, 399 ROUTE 23, FRANKLIN NJ 07416
Walter Sierotko	officer: EVP/CLO of Provident Bank	239 WASHINGTON STREET, JERSEY CITY NJ 07302
Frank L Fekete	director
Bennett Macdougall	officer: EVP, General Counsel, Sec	239 WASHINGTON STREET, JERSEY CITY NJ 07302
George Lista	officer: President/CEO SB One Insurance	C/O SUSSEX BANK, 399 ROUTE 23, FRANKLIN NJ 07416
Anthony J Labozzetta	director, officer: President and COO	SUSSEX BANCORP, 399 ROUTE 23, FRANKLIN NJ 07416
Adriano M. Duarte	officer: EVP & CAO of Provident Bank	239 WASHINGTON STREET, JERSEY CITY NJ 07302
Matthew K. Harding	director	239 WASHINGTON STREET, JERSEY CITY NJ 07302
Robert Mcnerney	director	C/O SUSSEX BANK, 399 ROUTE 23, FRANKLIN NJ 07416
James A. Christy	officer: SVP, CRO of Provident Bank, other: General Auditor	239 WASHINGTON STREET, JERSEY CITY NJ 07302
Ravi Vakacherla	officer: Chief Digital & Innovation Off	239 WASHINGTON STREET, JERSEY CITY NJ 07302
Valerie O Murray	officer: SVP & Chief Wealth Mgmt Ofc	239 WASHINGTON STREET, JERSEY CITY NJ 07302
John Pugliese	director	239 WASHINGTON STREET, JERSEY CITY NJ 07302
Nadine Duchemin-leslie	director	239 WASHINGTON STREET, JERSEY CITY NJ 07302