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California Bancorp (California Bancorp) Debt-to-Equity

: 0.66 (As of Dec. 2023)
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California Bancorp's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.00 Mil. California Bancorp's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $129.29 Mil. California Bancorp's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $196.46 Mil. California Bancorp's debt to equity for the quarter that ended in Dec. 2023 was 0.66.

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

CALB' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.04   Med: 0.38   Max: 1.57
Current: 0.66

During the past 8 years, the highest Debt-to-Equity Ratio of California Bancorp was 1.57. The lowest was 0.04. And the median was 0.38.

CALB's Debt-to-Equity is ranked better than
51.94% of 1394 companies
in the Banks industry
Industry Median: 0.7 vs CALB: 0.66

California Bancorp Debt-to-Equity Historical Data

The historical data trend for California 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.

California Bancorp Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-Equity
Get a 7-Day Free Trial 0.12 1.57 1.06 0.31 0.66

California 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.31 0.72 0.29 0.29 0.66

Competitive Comparison

For the Banks - Regional subindustry, California 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.


California Bancorp Debt-to-Equity Distribution

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

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



California Bancorp Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

California Bancorp's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

California Bancorp's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

* 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.


California Bancorp  (NAS:CALB) 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.


California Bancorp Debt-to-Equity Related Terms

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


California Bancorp (California Bancorp) Business Description

Traded in Other Exchanges
Address
1300 Clay Street, Suite 500, Oakland, CA, USA, 94612
California Bancorp is a holding company for California Bank of Commerce. The company primarily serves business and professional corporations with a variety of business-focused financial services. Some of the products and services that the bank offers include commercial checking, savings and money market accounts, certificates of deposit, treasury and cash management services, foreign exchange services, commercial and industrial loans, asset-based loans, loans to dental and veterinary professionals, commercial real estate loans, residential and commercial construction and development loans, online banking, and mobile banking. Most of the company's business activity is with customers located within the San Francisco Bay Area counties.
Executives
Wayne S. Doiguchi director C/O CALIFORNIA BANCORP, 1300 CLAY STREET, FIFTH FLOOR, OAKLAND CA 94612
Kevin Joseph Cullen director AVEO PHARMACEUTICALS, INC., 30 WINTER STREET, BOSTON MA 02108
Thomas A Sa officer: See Remarks 55 ALMADEN BLVD, SAN JOSE CA 95113
Theodore A. Wilm director C/O CALIFORNIA BANCORP, 1300 CLAY STREET, FIFTH FLOOR, OAKLAND CA 94612
Andrew J. Armanino director C/O CALIFORNIA BANCORP, 1300 CLAY STREET, FIFTH FLOOR, OAKLAND CA 94612
Thomas M. Dorrance officer: Chief Technology Officer C/O CALIFORNIA BANCORP, 1300 CLAY STREET, FIFTH FLOOR, OAKLAND CA 94612
Steven E. Shelton director, officer: See Remarks C/O CALIFORNIA BANCORP, 1300 CLAY STREET, FIFTH FLOOR, OAKLAND CA 94612
Stephen A. Cortese director C/O CALIFORNIA BANCORP, 1300 CLAY STREET, FIFTH FLOOR, OAKLAND CA 94612
Michelle Wirfel officer: SEVP and Chief Banking Officer C/O CALIFORNIA BANCORP, 1300 CLAY STREET, FIFTH FLOOR, OAKLAND CA 94612
Millicent C. Tracey director 1300 CLAY STREET, FIFTH FLOOR, OAKLAND CA 94612
Julie Levenson director C/O GRAF INDUSTRIAL CORP., 118 VINTAGE PARK BLVD., SUITE W-22, HOUSTON TX 77070
Kevin J. Cullen director C/O CALIFORNIA BANCORP, 1300 CLAY STREET, FIFTH FLOOR, OAKLAND CA 94612
Rochelle G. Klein director C/O CALIFORNIA BANCORP, 1300 CLAY STREET, FIFTH FLOOR, OAKLAND CA 94612
Stephen R. Dathe director C/O CALIFORNIA BANCORP, 1300 CLAY STREET, FIFTH FLOOR, OAKLAND CA 94612
Donald Kintzer director C/O CALIFORNIA BANCORP, 1300 CLAY STREET, FIFTH FLOOR, OAKLAND CA 94612

California Bancorp (California Bancorp) Headlines