Mechanics Bank (Mechanics Bank) Debt-to-Equity : 0.16 (As of Dec. 2022)

View and export this data going back to 2000. Start your Free Trial

What is Mechanics Bank Debt-to-Equity?

Mechanics Bank's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2022 was $0.0 Mil. Mechanics Bank's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2022 was $331.0 Mil. Mechanics Bank's Total Stockholders Equity for the quarter that ended in Dec. 2022 was $2,131.3 Mil. Mechanics Bank's debt to equity for the quarter that ended in Dec. 2022 was 0.16.

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

MCHB' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.03 Med: 0.16 Max: 0.69
Current: 0.16

During the past 12 years, the highest Debt-to-Equity Ratio of Mechanics Bank was 0.69. The lowest was 0.03. And the median was 0.16.

MCHB's Debt-to-Equity is not ranked
in the Banks industry.
Industry Median: 0.69 vs MCHB: 0.16

Mechanics Bank Debt-to-Equity Historical Data

The historical data trend for Mechanics Bank'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.

Mechanics Bank Debt-to-Equity Chart

Mechanics Bank Annual Data

Trend

Dec04

Dec05

Dec06

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Debt-to-Equity

Get a 7-Day Free Trial

0.46

0.04

0.03

0.16

Mechanics Bank Semi-Annual Data
	Dec02	Dec03	Dec04	Dec05	Dec06	Dec16	Dec17	Dec18	Dec19	Dec20	Dec21	Dec22
Debt-to-Equity	Get a 7-Day Free Trial							0.46	0.04	0.03	0.03	0.16

Competitive Comparison of Mechanics Bank's Debt-to-Equity

For the Banks - Regional subindustry, Mechanics Bank'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.

Mechanics Bank's Debt-to-Equity Distribution in the Banks Industry

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

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

Mechanics Bank Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Mechanics Bank's Debt to Equity Ratio for the fiscal year that ended in Dec. 2022 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	+	331.018)	/	2131.28
	=	0.16

Mechanics Bank's Debt to Equity Ratio for the quarter that ended in Dec. 2022 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	+	331.018)	/	2131.28
	=	0.16

Mechanics Bank (OTCPK:MCHB) 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.

Mechanics Bank Debt-to-Equity Related Terms

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

Mechanics Bank (Mechanics Bank) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Mechanics Bank (OTCPK:MCHB) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

3170 Hilltop Mall Road, Richmond, CA, USA, 94806

Website

https://www.mechanicsbank.com

Mechanics Bank operates as a community bank in California. The bank provides personal banking, business banking, trust, and estate services, brokerage, and wealth management services. The bank operates a network of retail banking branches, as well as regional commercial lending and wealth management offices throughout the state of California. The bank also engages in indirect automobile lending activities including origination, securitization, and servicing of new and pre-owned retail automobile sales contracts from both franchised and independent automobile dealerships.

Mechanics Bank (Mechanics Bank) Headlines

No Headlines