Jacksonville Bancorp (Jacksonville Bancorp) Debt-to-Equity : 0.67 (As of Sep. 2015)

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What is Jacksonville Bancorp Debt-to-Equity?

Jacksonville Bancorp's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2015 was $2.50 Mil. Jacksonville Bancorp's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2015 was $25.63 Mil. Jacksonville Bancorp's Total Stockholders Equity for the quarter that ended in Sep. 2015 was $42.12 Mil. Jacksonville Bancorp's debt to equity for the quarter that ended in Sep. 2015 was 0.67.

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

JAXB's Debt-to-Equity is not ranked ^*
in the Banks industry.
Industry Median: 0.69
* Ranked among companies with meaningful Debt-to-Equity only.

Jacksonville Bancorp Debt-to-Equity Historical Data

The historical data trend for Jacksonville 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.

Jacksonville Bancorp Debt-to-Equity Chart

Jacksonville Bancorp Annual Data

Trend

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Debt-to-Equity

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0.66

1.80

1.08

1.07

0.91

Jacksonville Bancorp Quarterly Data
	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15
Debt-to-Equity	Get a 7-Day Free Trial															0.93	0.91	0.73	0.80	0.67

Competitive Comparison of Jacksonville Bancorp's Debt-to-Equity

For the Banks - Regional subindustry, Jacksonville 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.

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

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

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

Jacksonville Bancorp Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Jacksonville Bancorp's Debt to Equity Ratio for the fiscal year that ended in Dec. 2014 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	+	33.847)	/	37.112
	=	0.91

Jacksonville Bancorp's Debt to Equity Ratio for the quarter that ended in Sep. 2015 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
	=	(2.5	+	25.626)	/	42.12
	=	0.67

Jacksonville Bancorp (NAS:JAXB) 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.

Jacksonville Bancorp Debt-to-Equity Related Terms

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

Jacksonville Bancorp (Jacksonville Bancorp) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Jacksonville Bancorp Inc (NAS:JAXB) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.jaxbank.com

Jacksonville Bancorp Inc was incorporated under the laws of the State of Florida on October 24, 1997 for the purpose of organizing the Bank. It is a one-bank holding company owning 100% of the outstanding shares of the Bank. The Company's only business is the ownership and operation of the Bank, which opened for business on May 28, 1999. The Bank is a Florida state-chartered commercial bank, and its deposits are insured by the FDIC. Its market area is all of Duval County mainly the Southside, Westside, Arlington, Mandarin and Downtown areas of Jacksonville and Jacksonville Beach, Florida, in addition to surrounding communities within the St. Johns, Clay and Nassau counties. Jacksonville is the largest city by area in the United States covering 747 square miles. Duval County has a strong commercial and industrial base, which has been steadily expanding in recent years. Financial institutions compete with one another for deposits. The Company is in competition with existing area financial institutions, including commercial banks and savings institutions, insurance companies, consumer finance companies, brokerage houses, mortgage banking companies, credit unions, and other business entities which target traditional banking markets, through offices, mail, the internet, mobile devices and otherwise. Its primary business segment is community banking and consists of attracting deposits from the general public and using such deposits and other sources of funds to originate commercial business loans, commercial real estate loans, residential mortgage loans, and a variety of consumer loans. The Company is regulated by the Federal Reserve Board under the Federal Bank Holding Company Act.

Executives

Margaret A Incandela	officer: EVP; COO; Chief Credit Officer	100 NORTH LAURA STREET, SUITE 1000, JACKSONVILLE FL 32202
John W Rose	director, 10 percent owner	100 NORTH LAURA STREET, SUITE 1000, JACKSONVILLE FL 32202
Eugene Ludwig	director, 10 percent owner	280 PARK AVENUE, 40TH FLOOR WEST, SUITE 401, NEW YORK NY 10017
Robert Goldstein	10 percent owner
John P Sullivan	director, 10 percent owner	280 PARK AVENUE, 40TH FLOOR WEST, NEW YORK NY 10017

Jacksonville Bancorp (Jacksonville Bancorp) Headlines

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