NorthEast Community Bancorp (FRA:JY4) Debt-to-Equity : 0.18 (As of Mar. 2024)

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What is NorthEast Community Bancorp Debt-to-Equity?

NorthEast Community Bancorp's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was €0.00 Mil. NorthEast Community Bancorp's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was €47.91 Mil. NorthEast Community Bancorp's Total Stockholders Equity for the quarter that ended in Mar. 2024 was €265.81 Mil. NorthEast Community Bancorp's debt to equity for the quarter that ended in Mar. 2024 was 0.18.

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

FRA:JY4' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.06 Med: 0.2 Max: 0.64
Current: 0.18

During the past 13 years, the highest Debt-to-Equity Ratio of NorthEast Community Bancorp was 0.64. The lowest was 0.06. And the median was 0.20.

FRA:JY4's Debt-to-Equity is ranked better than
83.48% of 1392 companies
in the Banks industry
Industry Median: 0.66 vs FRA:JY4: 0.18

NorthEast Community Bancorp Debt-to-Equity Historical Data

The historical data trend for NorthEast Community 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.

NorthEast Community Bancorp Debt-to-Equity Chart

NorthEast Community Bancorp Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.16

0.21

0.12

0.09

0.25

NorthEast Community Bancorp Quarterly Data
	Dec17	Dec18	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															0.06	0.06	0.24	0.25	0.18

Competitive Comparison of NorthEast Community Bancorp's Debt-to-Equity

For the Banks - Regional subindustry, NorthEast Community 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.

NorthEast Community Bancorp's Debt-to-Equity Distribution in the Banks Industry

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

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

NorthEast Community Bancorp Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

NorthEast Community 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	+	63.453)	/	256.141
	=	0.25

NorthEast Community Bancorp's Debt to Equity Ratio for the quarter that ended in Mar. 2024 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	+	47.911)	/	265.81
	=	0.18

NorthEast Community Bancorp (FRA:JY4) 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.

NorthEast Community Bancorp Debt-to-Equity Related Terms

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NorthEast Community Bancorp (FRA:JY4) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » NorthEast Community Bancorp Inc (FRA:JY4) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

NECB:USA

Address

325 Hamilton Avenue, White Plains, NY, USA, 10601

Website

https://www.necb.com

NorthEast Community Bancorp Inc operates as a community-oriented financial institution. It is principally engaged in the business of attracting deposits and investing those funds into mortgage and commercial loans. They conduct their activities throughout the Northeastern United States including New York, Massachusetts, New Jersey, and Connecticut. The company offers a comprehensive line of banking products and services, including mobile banking as well as commercial real estate loans, commercial construction financing, lines of credit, and term loans. It also offers investment advisory and financial planning services.

NorthEast Community Bancorp (FRA:JY4) Headlines

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