Hingham Institution forvings (Hingham Institution forvings) Debt-to-Equity

: 3.68 (As of Jun. 2023)

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Hingham Institution forvings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was $0.00 Mil. Hingham Institution forvings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was $1,470.00 Mil. Hingham Institution forvings's Total Stockholders Equity for the quarter that ended in Jun. 2023 was $399.85 Mil. Hingham Institution forvings's debt to equity for the quarter that ended in Jun. 2023 was 3.68.

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 Hingham Institution forvings's Debt-to-Equity or its related term are showing as below:

HIFS' s Debt-to-Equity Range Over the Past 10 Years
Min: 1.39 Med: 2.89 Max: 4.15
Current: 4.15

During the past 13 years, the highest Debt-to-Equity Ratio of Hingham Institution forvings was 4.15. The lowest was 1.39. And the median was 2.89.

HIFS's Debt-to-Equity is ranked worse than
95.27% of 1394 companies
in the Banks industry
Industry Median: 0.7 vs HIFS: 4.15

Hingham Institution forvings Debt-to-Equity Historical Data

The historical data trend for Hingham Institution forvings'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.

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Hingham Institution forvings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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2.05

1.39

1.88

3.31

4.15

Hingham Institution forvings Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															3.10	2.86	3.31	3.68	4.15

Competitive Comparison

For the Banks - Regional subindustry, Hingham Institution forvings'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.

Hingham Institution forvings Debt-to-Equity Distribution

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

* The bar in red indicates where Hingham Institution forvings's Debt-to-Equity falls into.

Hingham Institution forvings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Hingham Institution forvings'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
	=	(0	+	1692.675)	/	407.62
	=	4.15

Hingham Institution forvings's Debt to Equity Ratio for the quarter that ended in Jun. 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	+	1470)	/	399.853
	=	3.68

Hingham Institution forvings (NAS:HIFS) 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.

Hingham Institution forvings Debt-to-Equity Related Terms

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Hingham Institution forvings (Hingham Institution forvings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Hingham Institution for Savings (NAS:HIFS) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

HS3:Germany

Address

55 Main Street, Hingham, MA, USA, 02043

Website

https://www.hinghamsavings.com

Hingham Institution for Savings is a savings bank based in Hingham, Massachusetts and is involved in the business of residential and commercial real estate mortgage lending and also financial and banking services. The bank's financial services include personal checking accounts, personal mortgages, home equity lines of credit, money market accounts, savings accounts, certificates of deposit and business checking accounts. Its lending portfolio mainly encompasses commercial real estate, residential owner occupied real estate and loans for construction of residential real estate.