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Mercantile BankMBWM +0.78%67 Cash-to-Debt is 0.72 as of Jun. 2026, which is 16% above its 10-year median of 0.62. GuruFocus rates MBWM with a GF Score™ of 67/100 and a GF Value™ of $48.83 (Modestly Overvalued). The stock has 7 warning signs investors should review. Among 1,487 Banks companies, Mercantile Bank ranks worse than 67.52% on this metric.
Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. Mercantile Bank's cash to debt ratio for the quarter that ended in Jun. 2026 was 0.72.
If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, Mercantile Bankcouldn't pay off its debt using the cash in hand for the quarter that ended in Jun. 2026.
The historical rank and industry rank for Mercantile Bank's Cash-to-Debt or its related term are showing as below:
MBWM'
s Cash-to-Debt Range Over the Past 10 Years
Min: 0.11 Med: 0.62 Max: 1.97
Current: 0.72
During the past 13 years, Mercantile Bank's highest Cash to Debt Ratio was 1.97. The lowest was 0.11. And the median was 0.62.
MBWM's Cash-to-Debt is ranked worse than 67.52% of 1487
companies
in the Banks industry
Industry Median: 1.4
vs MBWM: 0.72
Mercantile Bank (NAS:MBWM) Cash-to-Debt Explanation
If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. If it is smaller than 1, it means the company has more debt than the cash in hands. In this case, it is important to look the the company's Interest Coverage. Ben Graham requires that a company must have an Interest Coverage of at least 5.
Mercantile Bank Cash-to-Debt Related Terms
Mercantile Bank Cash-to-Debt Historical Data
* Premium members only.
The historical data trend for Mercantile Bank's Cash-to-Debt 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.
Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.
For the Banks - Regional subindustry, Mercantile Bank's Cash-to-Debt, along with its competitors' market caps and Cash-to-Debt 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.
Mercantile Bank Cash-to-Debt vs Banks Industry
For the Banks industry and Financial Services sector, Mercantile Bank's Cash-to-Debt distribution charts can be found below:
* The bar in red indicates where Mercantile Bank's Cash-to-Debt falls into.
* 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.
Mercantile Bank (MBWM) has a Cash-to-Debt of 0.72 as of Jun. 2026. This is 16% above median its historical median of 0.62. Over the past decade, Mercantile Bank's Cash-to-Debt has ranged from 0.11 to 1.97. According to the industry distribution chart, Mercantile Bank ranks #1004 out of 1487 companies in the Banks industry, placing it in the top 67.5%.
Is Mercantile Bank's Cash-to-Debt too high?
Mercantile Bank's current Cash-to-Debt of 0.72 is 16% above median its 10-year median of 0.62. Over the past 10 years, this metric has ranged from a low of 0.11 to a high of 1.97. The Banks industry median Cash-to-Debt is 1.40. Mercantile Bank's value of 0.72 is 48.6% below this industry median. Based on the distribution chart, Mercantile Bank ranks #1004 out of 1487 companies in the Banks industry, which is below the industry midpoint. Overall, Mercantile Bank has a GF Score™ of 67/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Mercantile Bank's Cash-to-Debt compare to SBSI and BFST?
According to the Banks industry distribution chart, Mercantile Bank ranks #1004 out of 1487 companies for Cash-to-Debt. This places Mercantile Bank in the lower half of its industry. The industry median Cash-to-Debt is 1.40. Mercantile Bank's value of 0.72 is 48.6% below this benchmark. Historically, Mercantile Bank's own Cash-to-Debt has ranged from 0.11 to 1.97 over the past decade. While the company's 10-year median is 0.62 vs. the industry median of 1.40, Mercantile Bank has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cash-to-Debt for a Banks company?
The median Cash-to-Debt among Banks companies is 1.40, based on 1,487 companies in the industry. Companies in the top quartile (top 25%) have a Cash-to-Debt significantly above this median, while those in the bottom quartile fall well below. However, Cash-to-Debt should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Mercantile Bank's current Cash-to-Debt of 0.72 is 48.6% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cash-to-Debt mean?
A high Cash-to-Debt can signal that a stock is expensive relative to its fundamentals. For the Banks industry, the median Cash-to-Debt is 1.40 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mercantile Bank's current Cash-to-Debt is 0.72, which is 16% above median its own 10-year median of 0.62. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mercantile Bank stock overvalued right now?
Based on GuruFocus' analysis, Mercantile Bank (MBWM) is currently considered Modestly Overvalued. The stock's GF Value™ is $48.83, compared to a current price of $60.25 — trading 23.4% above its estimated fair value. The current Cash-to-Debt is 0.72, which is 16% above median its 10-year median of 0.62 and 48.6% below the Banks industry median of 1.40. Mercantile Bank's overall GF Score™ is 67/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cash-to-Debt calculated?
Cash-to-Debt is calculated from a company's financial statements. For Mercantile Bank (MBWM), the current Cash-to-Debt is 0.72 as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Mercantile Bank (MBWM) Overvalued in 2026?
Based on GuruFocus' analysis, Mercantile Bank stock appears to be overvalued.
The current stock price of $60.25 is trading 23.4% above its estimated GF Value™ of $48.83.
GuruFocus considers Mercantile Bank to be Modestly Overvalued.
Key valuation signals for MBWM:
Cash-to-Debt: 0.72 (16% above median its 10-year median of 0.62)
GF Value™: $48.83 vs. price of $60.25 (23.4% above fair value)
Industry Position: 48.6% below the Banks median (#1004 of 1487)
No single metric tells the full story. See the MBWM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Mercantile Bank Corp operates as a bank holding company. It offers various commercial banking services to individuals, businesses, governmental units, and other institutions. These services include deposit products such as checking, savings, and term certificate accounts and lending products such as commercial, residential mortgage, and installment loans. The company generates revenue from interest and dividends earned on loans, securities, and other financial instruments.
67GF Score
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