Citizens Holding Co (Citizens Holding Co) Debt-to-Equity : 0.42 (As of Dec. 2023)

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What is Citizens Holding Co Debt-to-Equity?

Citizens Holding Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $18.00 Mil. Citizens Holding Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.00 Mil. Citizens Holding Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $42.77 Mil. Citizens Holding Co's debt to equity for the quarter that ended in Dec. 2023 was 0.42.

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 Citizens Holding Co's Debt-to-Equity or its related term are showing as below:

CIZN' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.17 Med: 0.24 Max: 0.46
Current: 0.42

During the past 13 years, the highest Debt-to-Equity Ratio of Citizens Holding Co was 0.46. The lowest was 0.17. And the median was 0.24.

CIZN's Debt-to-Equity is ranked better than
65.4% of 1393 companies
in the Banks industry
Industry Median: 0.69 vs CIZN: 0.42

Citizens Holding Co Debt-to-Equity Historical Data

The historical data trend for Citizens Holding Co'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.

Citizens Holding Co Debt-to-Equity Chart

Citizens Holding Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

0.21

0.17

0.46

0.42

Citizens Holding Co 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															0.46	0.48	0.55	0.52	0.42

Competitive Comparison of Citizens Holding Co's Debt-to-Equity

For the Banks - Regional subindustry, Citizens Holding Co'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.

Citizens Holding Co's Debt-to-Equity Distribution in the Banks Industry

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

* The bar in red indicates where Citizens Holding Co's Debt-to-Equity falls into.

Citizens Holding Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Citizens Holding Co'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
	=	(18	+	0)	/	42.773
	=	0.42

Citizens Holding Co'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
	=	(18	+	0)	/	42.773
	=	0.42

Citizens Holding Co (OTCPK:CIZN) 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.

Citizens Holding Co Debt-to-Equity Related Terms

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

Citizens Holding Co (Citizens Holding Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Citizens Holding Co (OTCPK:CIZN) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

521 Main Street, Philadelphia, MS, USA, 39350

Website

https://www.thecitizensbankphila.com

Citizens Holding Co is a bank holding company. Through its subsidiary, it engages in various commercial and personal banking activities, such as accepting demand deposits, savings, and time deposit accounts, making secured and unsecured loans, issuing letters of credit, originating mortgage loans, and providing personal and corporate trust services. The firm also provides certain services that are closely related to commercial banking, such as credit life insurance and title insurance for its loan customers. It also involves providing lending activities which include commercial, real estate, installment, and credit card loans. Most of its revenues are derived from lending activities.

Executives

Vincent Craig Dungan	director	5401 WESTMINSTER DRIVE, MERIDIAN MS 39305-9559
Herbert A King	director	101 LITTLEJOHN LANE, STARKVILLE MS 39759
Phillip R Branch	officer: Chief Financial Officer	521 MAIN STREET, PHILADELPHIA MS 39350
Jane D. Crosswhite	director	10140 ROAD 377, PHILADELPHIA MS 39350
Stacy M Brantley	director, other: CEO of The Citizens Bank	521 MAIN STREET, PHILADELPHIA MS 39350
Gregory E. Cronin	director, officer: Gulf Cost President	521 MAIN STREET, PHILADELPHIA MS 39350
Jason Voyles	director	177 SAINT ANDREWS DRIVE, JACKSON MS 39211
Gregory Lyle Mckee	director, officer: President and CEO	11360 HIGHWY 16 EAST, PHILADELPHIA PA 39350
David Peebles Webb	director	613 INGLENOOK COURT, MADISON MS 39110
David Anderson King	director	1006 EDGEWATER LANE, PHILADELPHIA MS 39350
Robert Townsend Smith	officer: Treasurer and CFO
Terrell Elton Winstead	director	10100 ROAD 2230, UNION MS 39365
Daniel Adam Mars	director	518 POPLAR AVENUE, PHILADELPHIA MS 39350
Amzie Thomas Williams	director	900 MAPLE AVENUE, PHILADELPHIA MS 39350
Joe Steve Webb	director	534 POPLAR AVENUE, PHILADELPHIA MS 39350