Pathward Financial (Pathward Financial) Debt-to-Equity : 0.05 (As of Dec. 2023)

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What is Pathward Financial Debt-to-Equity?

Pathward Financial's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.0 Mil. Pathward Financial's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $33.6 Mil. Pathward Financial's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $729.8 Mil. Pathward Financial's debt to equity for the quarter that ended in Dec. 2023 was 0.05.

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 Pathward Financial's Debt-to-Equity or its related term are showing as below:

CASH' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.02 Med: 0.13 Max: 3.54
Current: 0.05

During the past 13 years, the highest Debt-to-Equity Ratio of Pathward Financial was 3.54. The lowest was 0.02. And the median was 0.13.

CASH's Debt-to-Equity is ranked better than
94.98% of 1394 companies
in the Banks industry
Industry Median: 0.695 vs CASH: 0.05

Pathward Financial Debt-to-Equity Historical Data

The historical data trend for Pathward Financial'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.

Pathward Financial Debt-to-Equity Chart

Pathward Financial Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Debt-to-Equity

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1.02

0.12

0.11

0.06

0.07

Pathward Financial 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	Get a 7-Day Free Trial															0.05	0.12	0.39	0.07	0.05

Competitive Comparison of Pathward Financial's Debt-to-Equity

For the Banks - Regional subindustry, Pathward Financial'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.

Pathward Financial's Debt-to-Equity Distribution in the Banks Industry

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

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

Pathward Financial Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Pathward Financial's Debt to Equity Ratio for the fiscal year that ended in Sep. 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
	=	(13	+	33.873)	/	651.63
	=	0.07

Pathward Financial'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	+	33.614)	/	729.792
	=	0.05

Pathward Financial (NAS:CASH) 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.

Pathward Financial Debt-to-Equity Related Terms

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

Pathward Financial (Pathward Financial) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Pathward Financial Inc (NAS:CASH) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

FM7:Germany

Address

5501 South Broadband Lane, Sioux Falls, SD, USA, 57108

Website

https://www.pathwardfinancial.com

Pathward Financial Inc is a unitary savings and loan holding company. It's a wholly-owned full-service banking subsidiary of Meta Financial, is both a community-oriented financial institution offering a variety of financial services to meet the needs of the communities it serves, and a payments company providing services on a nationwide basis. It operates through three reportable segments: Consumer, Commercial and Corporate Services/Other. The majority of the revenue is generated from Consumer segment.

Executives

Glen William Herrick	officer: EVP, CFO & Secretary	C/O META FINANCIAL GROUP, INC., 5501 SOUTH BROADBAND LANE, SIOUX FALLS SD 57108
Greg Sigrist	officer: EVP, CFO-Designee	1301 A STREET, TACOMA WA 98402
Christopher Perretta	director	C/O STATE STREET CORPORATION, ONE LINCOLN STREET, BOSTON MA 02111
Sonja Anne Theisen	officer: Chief Accounting Officer	C/O META FINANCIAL GROUP, INC., 5501 SOUTH BROADBAND LANE, SIOUX FALLS SD 57108
Elizabeth G. Hoople	director	C/O META FINANCIAL GROUP, INC., 5501 SOUTH BROADBAND LANE, SIOUX FALLS SD 57108
Charles C. Ingram	officer: EVP, Chief Information Officer	C/O META FINANCIAL GROUP, INC., 5501 SOUTH BROADBAND LANE, SIOUX FALLS SD 57018
Frederick V Moore	director	1700 SHOREWAY ROAD, STORM LAKE IA 50588
Douglas J. Hajek	director	C/O META FINANCIAL GROUP, INC., 5501 SOUTH BROADBAND LANE, SIOUX FALLS SD 57108
Brett L. Pharr	officer: EVP & Group Head of Governance	C/O META FINANCIAL GROUP, INC., 5501 SOUTH BROADBAND LANE, SIOUX FALLS SD 57108
Michael Robert Kramer	director	C/O META FINANCIAL GROUP, INC., 5501 SOUTH BROADBAND LANE, SIOUX FALLS SD 57108
Anthony M. Sharett	officer: EVP, Gen. Counsel & Corp. Sec.	C/O META FINANCIAL GROUP, INC., 5501 SOUTH BROADBAND LANE, SIOUX FALLS SD 57108
Nadia Dombrowski	officer: Chief Legal Officer	C/O META FINANCIAL GROUP, INC., 5501 SOUTH BROADBAND LANE, SIOUX FALLS VA 57108
Kia S. Tang	officer: EVP, Chief Ppl and Incl Ofcr	C/O META FINANCIAL GROUP, INC., 5501 SOUTH BROADBAND LANE, SIOUX FALLS SD 57108
Lizabeth H Zlatkus	director	ONE HARTFORD PLAZA, HARTFORD CT 06155
Ronald D Mccray	director