Patriot National Bancorp (Patriot National Bancorp) Debt-to-Equity : 4.53 (As of Dec. 2023)

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What is Patriot National Bancorp Debt-to-Equity?

Patriot National Bancorp's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.00 Mil. Patriot National Bancorp's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $201.11 Mil. Patriot National Bancorp's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $44.38 Mil. Patriot National Bancorp's debt to equity for the quarter that ended in Dec. 2023 was 4.53.

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

PNBK' s Debt-to-Equity Range Over the Past 10 Years
Min: 1.79 Med: 2.04 Max: 4.53
Current: 4.53

During the past 13 years, the highest Debt-to-Equity Ratio of Patriot National Bancorp was 4.53. The lowest was 1.79. And the median was 2.04.

PNBK's Debt-to-Equity is ranked worse than
96.13% of 1394 companies
in the Banks industry
Industry Median: 0.695 vs PNBK: 4.53

Patriot National Bancorp Debt-to-Equity Historical Data

The historical data trend for Patriot National 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.

Patriot National Bancorp Debt-to-Equity Chart

Patriot National Bancorp Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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1.95

1.91

1.79

1.93

4.53

Patriot National 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	Get a 7-Day Free Trial															1.93	3.30	4.52	6.13	4.53

Competitive Comparison of Patriot National Bancorp's Debt-to-Equity

For the Banks - Regional subindustry, Patriot National 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.

Patriot National Bancorp's Debt-to-Equity Distribution in the Banks Industry

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

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

Patriot National Bancorp Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Patriot National 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	+	201.105)	/	44.383
	=	4.53

Patriot National 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	+	201.105)	/	44.383
	=	4.53

Patriot National Bancorp (NAS:PNBK) 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.

Patriot National Bancorp Debt-to-Equity Related Terms

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

Patriot National Bancorp (Patriot National Bancorp) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

PN21:Germany

Address

900 Bedford Street, Stamford, CT, USA, 06901

Website

https://www.bankpatriot.com

Patriot National Bancorp Inc is the holding company for Patriot Bank NA, that provides consumer and commercial banking services to individuals, small and medium-sized businesses, professionals, and municipalities in Fairfield and New Haven Counties in Connecticut and Westchester County, New York. Its products include checking accounts, savings accounts, money market accounts, time certificates of deposit, and individual retirement accounts. The Bank's lending portfolio is comprised of commercial mortgage and construction loans, commercial loans, home improvement loans, home equity lines of credit, and other personal loans. In addition, the Bank offers bank checks, money orders, automated teller machines, interactive teller machines, online and mobile banking, credit cards, and debit cards.

Executives

Grace Doherty	director	125 THACHER ST., MILTON MA 02186
Thomas E. Slater	officer: EVP & Chief Credit Officer	2 DIXON TERRACE, KINNELON NJ 07405
Alfred Jr. Botta	officer: EVP & Chief Payment Officer	C/O PATRIOT NATIONAL BANCORP, INC., 900 BEDFORD STREET, STAMFORD CT 06901
David Christopher Lowery	officer: EVP & Chief Lending Officer	C/O PATRIOT NATIONAL BANCORP, INC., 900 BEDFORD STREET, STAMFORD CT 06901
Karen Rojeski	officer: EVP & Chief Credit Officer	99 PARK AVENUE, NEW YORK NY 10016
Steven Brian Grunblatt	officer: EVP & Chief Information Office	C/O PATRIOT NATIONAL BANCORP, INC., 900 BEDFORD STREET, STAMFORD CT 06901
Gregory P. Ho	other: (1) and (2)	C/O SPRING MOUNTAIN CAPITAL, LP, 650 MADISON AVENUE, 20TH FLOOR, NEW YORK NY 10022
Smc Holdings I G.p., Llc	other: (1) and (2)	C/O SPRING MOUNTAIN CAPITAL, LP, 650 MADISON AVENUE, 20TH FLOOR, NEW YORK NY 10022
Smc Holdings I, Lp	10 percent owner, other: (1) and (2)	65 EAST 55TH STREET, 33RD FLOOR, NEW YORK NY 10022
John Steffens	other: (1) and (2)	C/O DIGITALBRIDGE GROUP, INC., 750 PARK OF COMMERCE DRIVE SUITE 210, BOCCA RATON FL 33487
Robert Glenn Russell	officer: President & CEO	1902 LONG HILL ROAD, MILLINGTON NJ 07946
Frederick Staudmyer	officer: EVP and Chief HR Officer	C/O PATRIOT NATIONAL BANCORP, INC., 900 BEDFORD STREET, STAMFORD CT 06901
Brent M Ciurlino	director	C/O PATRIOT NATIONAL BANCORP, INC., 900 BEDFORD STREET, STAMFORD CT 06901
David W Christiansen	officer: EVP, Chief Credit Officer	900 BEDFORD STREET, STAMFORD CT 06901
Samuel S Davis	officer: EVP and Chief Credit Officer	C/O PATRIOT NATIONAL BANCORP, INC., 900 BEDFORD STREET, STAMFORD CT 06901