Bank of the James Financial Group (Bank of the James Financial Group) Debt-to-Equity

: 0.33 (As of Dec. 2023)

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Bank of the James Financial Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.00 Mil. Bank of the James Financial Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $19.93 Mil. Bank of the James Financial Group's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $60.04 Mil. Bank of the James Financial Group's debt to equity for the quarter that ended in Dec. 2023 was 0.33.

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 Bank of the James Financial Group's Debt-to-Equity or its related term are showing as below:

BOTJ' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.08 Med: 0.21 Max: 0.63
Current: 0.33

During the past 13 years, the highest Debt-to-Equity Ratio of Bank of the James Financial Group was 0.63. The lowest was 0.08. And the median was 0.21.

BOTJ's Debt-to-Equity is ranked better than
71.6% of 1398 companies
in the Banks industry
Industry Median: 0.7 vs BOTJ: 0.33

Bank of the James Financial Group Debt-to-Equity Historical Data

The historical data trend for Bank of the James Financial Group'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.

Bank of the James Financial Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

0.08

0.15

0.30

0.41

0.33

Bank of the James Financial Group Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity																0.41	0.39	0.38	0.40	0.33

Competitive Comparison

For the Banks - Regional subindustry, Bank of the James Financial Group'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.

Bank of the James Financial Group Debt-to-Equity Distribution

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

* The bar in red indicates where Bank of the James Financial Group's Debt-to-Equity falls into.

Bank of the James Financial Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Bank of the James Financial Group'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	+	19.932)	/	60.039
	=	0.33

Bank of the James Financial Group's Debt to Equity Ratio for the quarter 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	+	19.932)	/	60.039
	=	0.33

Bank of the James Financial Group (NAS:BOTJ) 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.

Bank of the James Financial Group Debt-to-Equity Related Terms

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Bank of the James Financial Group (Bank of the James Financial Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Bank of the James Financial Group Inc (NAS:BOTJ) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

828 Main Street, Lynchburg, VA, USA, 24504

Website

https://www.bankofthejames.bank

Bank of the James Financial Group Inc is a bank holding company that provides retail and commercial banking, deposit services, lending services, mortgage brokerage services and other banking services. The company provides a range of deposit services including checking accounts, savings accounts and other time deposits of various types, ranging from daily money market accounts to longer-term certificates of deposit. It offers various types of secured and unsecured consumer loans, including personal loans, lines of credit, overdraft lines of credit, automobile loans, installment loans, demand loans, and home equity loans. It operates three business segments, community banking; mortgage banking, and investment advisory services.

Executives

Phillip C Jamerson	director	828 MAIN ST, LYNCHBURG VA 24504
Bryant William C Iii	director	828 MAIN ST, LYNCHBURG VA 24504
Alford John R Jr	director	828 MAIN ST, LYNCHBURG VA 24504
Foster Watt R Jr	director	828 MAIN ST, LYNCHBURG VA 24504
Lewis C Addison	director	828 MAIN ST, LYNCHBURG VA 24504
J Todd Scruggs	officer: Secretary-Treasurer	PO BOX 1200, LYNCHBURG VA 24505
Umberger Harry P Jr	officer: EVP - Chief Credit Officer	828 MAIN ST, LYNCHBURG VA 24504
Robert R Chapman	director, officer: President	PO BOX 1200, LYNCHBURG VA 24505
Dalton Aubrey Douglas Iii	director	828 MAIN ST, LYNCHBURG VA 24504
Petticolas Augustus A Jr	director	828 MAIN ST, LYNCHBURG VA 24504
Julie P Doyle	director	828 MAIN ST, LYNCHBURG VA 24504
Pettyjohn Thomas W Jr	director	PO BOX 1200, LYNCHBURG VA 24505
Michael A Syrek	officer: EVP - Senior Lending Officer	828 MAIN ST, LYNCHBURG VA 24504
Sorenson Eric John Jr	officer: EVP	828 MAIN STREET, LYNCHBURG VA 24504
Lydia K Langley	director	828 MAIN ST, LYNCHBURG VA 24504