Elmiravings Bank Elmira NY (Elmiravings Bank Elmira NY) Debt-to-Equity : 0.48 (As of Dec. 2020)

View and export this data going back to 1986. Start your Free Trial

What is Elmiravings Bank Elmira NY Debt-to-Equity?

Elmiravings Bank Elmira NY's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2020 was $0.00 Mil. Elmiravings Bank Elmira NY's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2020 was $29.00 Mil. Elmiravings Bank Elmira NY's Total Stockholders Equity for the quarter that ended in Dec. 2020 was $60.71 Mil. Elmiravings Bank Elmira NY's debt to equity for the quarter that ended in Dec. 2020 was 0.48.

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 Elmiravings Bank Elmira NY's Debt-to-Equity or its related term are showing as below:

ESBK' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.04 Med: 0.76 Max: 2.89
Current: 0.48

During the past 13 years, the highest Debt-to-Equity Ratio of Elmiravings Bank Elmira NY was 2.89. The lowest was 0.04. And the median was 0.76.

ESBK's Debt-to-Equity is not ranked
in the Banks industry.
Industry Median: 0.69 vs ESBK: 0.48

Elmiravings Bank Elmira NY Debt-to-Equity Historical Data

The historical data trend for Elmiravings Bank Elmira NY'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.

Elmiravings Bank Elmira NY Debt-to-Equity Chart

Elmiravings Bank Elmira NY Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Debt-to-Equity

Get a 7-Day Free Trial

0.72

0.58

0.54

0.50

0.48

Elmiravings Bank Elmira NY Semi-Annual Data
	Dec01	Dec02	Dec03	Dec04	Dec05	Dec06	Dec07	Dec08	Dec09	Dec10	Dec11	Dec12	Dec13	Dec14	Dec15	Dec16	Dec17	Dec18	Dec19	Dec20
Debt-to-Equity	Get a 7-Day Free Trial															0.72	0.58	0.54	0.50	0.48

Competitive Comparison of Elmiravings Bank Elmira NY's Debt-to-Equity

For the Banks - Regional subindustry, Elmiravings Bank Elmira NY'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.

Elmiravings Bank Elmira NY's Debt-to-Equity Distribution in the Banks Industry

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

* The bar in red indicates where Elmiravings Bank Elmira NY's Debt-to-Equity falls into.

Elmiravings Bank Elmira NY Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Elmiravings Bank Elmira NY's Debt to Equity Ratio for the fiscal year that ended in Dec. 2020 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	+	29)	/	60.711
	=	0.48

Elmiravings Bank Elmira NY's Debt to Equity Ratio for the quarter that ended in Dec. 2020 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	+	29)	/	60.711
	=	0.48

Elmiravings Bank Elmira NY (NAS:ESBK) 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.

Elmiravings Bank Elmira NY Debt-to-Equity Related Terms

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

Elmiravings Bank Elmira NY (Elmiravings Bank Elmira NY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Elmira Savings Bank Elmira NY (NAS:ESBK) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

333 East Water Street, Elmira, NY, USA, 14901

Website

https://www.elmirasavingsbank.com

Elmira Savings Bank Elmira NY is primarily engaged in the business of attracting deposits from the general public and originating mortgage loans secured by first and second liens on one-to-four family residences; consumer loans on automobiles; general consumer loans; commercial real estate loans; and commercial loans. The bank offers a wide variety of services to its individual and commercial customers including savings and money market accounts; certificates of deposit; loans; online banking; mobile banking, and debit cards. Its other banking services include checking; commercial lending; merchant services; other services, such as overdraft protection, safe deposit boxes, notary public and telephone banking.