WSB Financial (WSB Financial) Debt-to-Equity : 0.34 (As of Dec. 2008)

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What is WSB Financial Debt-to-Equity?

WSB Financial's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2008 was $0.00 Mil. WSB Financial's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2008 was $8.25 Mil. WSB Financial's Total Stockholders Equity for the quarter that ended in Dec. 2008 was $24.32 Mil. WSB Financial's debt to equity for the quarter that ended in Dec. 2008 was 0.34.

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

WSFGQ's Debt-to-Equity is not ranked ^*
in the Banks industry.
Industry Median: 0.65
* Ranked among companies with meaningful Debt-to-Equity only.

WSB Financial Debt-to-Equity Historical Data

The historical data trend for WSB Financial'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.

WSB Financial Debt-to-Equity Chart

WSB Financial Annual Data

Trend

Dec02

Dec04

Dec05

Dec06

Dec07

Dec08

Debt-to-Equity

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0.52

0.13

0.15

0.34

WSB Financial Quarterly Data
	Mar04	Jun04	Sep04	Dec04	Mar05	Jun05	Sep05	Dec05	Mar06	Jun06	Sep06	Dec06	Mar07	Jun07	Sep07	Dec07	Mar08	Jun08	Sep08	Dec08
Debt-to-Equity	Get a 7-Day Free Trial															0.15	0.16	0.21	0.23	0.34

Competitive Comparison of WSB Financial's Debt-to-Equity

For the Banks - Regional subindustry, WSB Financial'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.

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

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

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

WSB Financial Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

WSB Financial's Debt to Equity Ratio for the fiscal year that ended in Dec. 2008 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	+	8.248)	/	24.316
	=	0.34

WSB Financial's Debt to Equity Ratio for the quarter that ended in Dec. 2008 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	+	8.248)	/	24.316
	=	0.34

WSB Financial (OTCPK:WSFGQ) 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.

WSB Financial Debt-to-Equity Related Terms

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

WSB Financial (WSB Financial) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » WSB Financial Inc (OTCPK:WSFGQ) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

607 Pacific Avenue, Bremerton, WA, USA, 98337

Website

http://www.westsoundbank.com

WSB Financial Inc is a bank holding company. The company provides real estate lending products and supplemented by commercial banking products and services. It also provides short-term to long-term commercial and consumer lending products and services.

Executives

Charles L Turner

officer: Sr. VP, Chief Lending Officer

C/O SOUND FINANCIAL BANCORP, INC., 2400 3RD AVENUE, SUITE 150, SEATTLE WA 98121

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