Eureka Homestead Bancorp (Eureka Homestead Bancorp) Debt-to-Equity : 1.03 (As of Sep. 2023)

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What is Eureka Homestead Bancorp Debt-to-Equity?

Eureka Homestead Bancorp's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $0.00 Mil. Eureka Homestead Bancorp's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $19.76 Mil. Eureka Homestead Bancorp's Total Stockholders Equity for the quarter that ended in Sep. 2023 was $19.16 Mil. Eureka Homestead Bancorp's debt to equity for the quarter that ended in Sep. 2023 was 1.03.

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

ERKH' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.83 Med: 0.93 Max: 2.13
Current: 1.03

During the past 4 years, the highest Debt-to-Equity Ratio of Eureka Homestead Bancorp was 2.13. The lowest was 0.83. And the median was 0.93.

ERKH's Debt-to-Equity is ranked worse than
64.61% of 1393 companies
in the Banks industry
Industry Median: 0.69 vs ERKH: 1.03

Eureka Homestead Bancorp Debt-to-Equity Historical Data

The historical data trend for Eureka Homestead 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.

Eureka Homestead Bancorp Debt-to-Equity Chart

Eureka Homestead Bancorp Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Debt-to-Equity

2.13

0.89

0.83

Eureka Homestead Bancorp Quarterly Data
	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Sep22	Sep23
Debt-to-Equity	Get a 7-Day Free Trial														0.83	0.83	0.91	N/A	1.03

Competitive Comparison of Eureka Homestead Bancorp's Debt-to-Equity

For the Banks - Regional subindustry, Eureka Homestead 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.

Eureka Homestead Bancorp's Debt-to-Equity Distribution in the Banks Industry

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

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

Eureka Homestead Bancorp Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Eureka Homestead Bancorp's Debt to Equity Ratio for the fiscal year that ended in Dec. 2021 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	+	18.218)	/	21.846
	=	0.83

Eureka Homestead Bancorp's Debt to Equity Ratio for the quarter that ended in Sep. 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	+	19.764)	/	19.159
	=	1.03

Eureka Homestead Bancorp (OTCPK:ERKH) 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.

Eureka Homestead Bancorp Debt-to-Equity Related Terms

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Eureka Homestead Bancorp (Eureka Homestead Bancorp) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Eureka Homestead Bancorp Inc (OTCPK:ERKH) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

1922 Veterans Memorial Boulevard, Metairie, LA, USA, 70005

Website

https://www.eurekahomestead.com

Eureka Homestead Bancorp Inc is a United States-based company involved in taking deposits and securing borrowings and investing those funds in one-to-four-family residential real estate loans. The company also offers deposit accounts, including savings accounts, passbooks and money market, and certificates of deposit.

Executives

Brierre Creed W. Sr.	director	1922 VETERANS MEMORIAL BOULEVARD, METAIRIE LA 70005
Sagona Nick O. Jr.	director	1922 VETERANS MEMORIAL BOULEVARD, METAIRIE LA 70005
Toups Wilbur A. Jr.	director	1922 VETERANS MEMORIAL BOULEVARD, METAIRIE LA 70005
Haskins Cecil A. Jr.	director, officer: President and CFO	1922 VETERANS MEMORIAL BOULEVARD, METAIRIE LA 70005
Alan T. Heintzen	director, officer: Chairman and CEO	1922 VETERANS MEMORIAL BOULEVARD, METAIRIE LA 70005
Patrick M. Gibbs	director	1922 VETERANS MEMORIAL BOULEVARD, METAIRIE LA 70005
Robert M. Shofstahl	director	1922 VETERANS MEMORIAL BOULEVARD, METAIRIE LA 70005

Eureka Homestead Bancorp (Eureka Homestead Bancorp) Headlines

From GuruFocus

Eureka Homestead Bancorp, Inc. Reaches Definitive Agreement to Be Acquired by Investor Group

By PRNewswire • 08-04-2023