Parke Bancorp (Parke Bancorp) Debt-to-Equity

: 0.59 (As of Dec. 2023)

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Parke Bancorp's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.00 Mil. Parke Bancorp's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $168.11 Mil. Parke Bancorp's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $284.32 Mil. Parke Bancorp's debt to equity for the quarter that ended in Dec. 2023 was 0.59.

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

PKBK' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.47 Med: 0.75 Max: 1.33
Current: 0.59

During the past 13 years, the highest Debt-to-Equity Ratio of Parke Bancorp was 1.33. The lowest was 0.47. And the median was 0.75.

PKBK's Debt-to-Equity is ranked better than
55.34% of 1395 companies
in the Banks industry
Industry Median: 0.7 vs PKBK: 0.59

Parke Bancorp Debt-to-Equity Historical Data

The historical data trend for Parke 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.

Parke Bancorp Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

0.83

1.33

0.52

0.47

0.59

Parke Bancorp 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																0.47	0.76	0.86	0.56	0.59

Competitive Comparison

For the Banks - Regional subindustry, Parke 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.

Parke Bancorp Debt-to-Equity Distribution

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

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

Parke Bancorp Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Parke 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	+	168.111)	/	284.317
	=	0.59

Parke Bancorp'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	+	168.111)	/	284.317
	=	0.59

Parke Bancorp (NAS:PKBK) 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.

Parke Bancorp Debt-to-Equity Related Terms

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Parke Bancorp (Parke Bancorp) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Parke Bancorp Inc (NAS:PKBK) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

601 Delsea Drive, Washington Township, NJ, USA, 08080

Website

https://www.parkebank.com

Parke Bancorp Inc operates as a commercial bank providing personal and financial services to individuals and small to mid-sized businesses in various states of the USA. The bank offers services such as loan products, deposit services, and other financial products through its retail branches and other channels to its customers. Its lending businesses are commercial real estate lending, residential real estate lending, and construction lending among others. The Company operates one reportable segment of business, community banking.

Executives

Jeffrey H Kripitz	director	601 DELSEA DRIVE, WASHINGTON TOWNSHIP NJ 08080
Vito S Pantilione	director, officer: President	601 DELSEA DRIVE, WASHINGTON TOWNSHIP NJ 08080
Nicholas J Pantilione	officer: SVP & Chief Lending Officer	601 DELSEA DRIVE, SEWELL NJ 08080
Ralph Martin Gallo	officer: Executive VP/COO	601 DELSEA DRIVE, SEWELL NJ 08080
Arret F Dobson	director	601 DELSEA DRIVE, WASHINGTON TOWNSHIP NJ 08080
Daniel J Dalton	director	601 DELSEA DRIVE, WASHINGTON TOWNSHIP NJ 08080
Celestino R Pennoni	director	601 DELSEA DRIVE, WASHINGTON TOWNSHIP NJ 08080
Paul E Palmieri	officer: SVP & Chief Credit Officer	601 DELSEA DRIVE, SEWELL NJ 08080
Edward Infantolino	director	601 DELSEA DRIVE, WASHINGTON TOWNSHIP NJ 08080
Sheppard Jack C Jr	director	601 DELSEA DRIVE, WASHINGTON TOWNSHIP NJ 08080
John S Kaufman	officer: SVP and CFO	1902 LONG HILL ROAD, MILLINGTON NJ 07946
John F Hawkins	officer: CFO/SVP	601 DELSEA DRIVE, SEWELL NJ 08080
Anthony J Jannetti	director	601 DELSEA DRIVE, WASHINGTON TOWNSHIP NJ 08080
Elizabeth A Milavsky	officer: Chief Operating Officer/EVP	601 DELSEA DRIVE, WASHINGTON TOWNSHIP NJ 08080
Fred G Choate	director	601 DELSEA DRIVE, WASHINGTON TOWNSHIP NJ 08080