Firstvings Financial Group (Firstvings Financial Group) Debt-to-Equity : 2.46 (As of Dec. 2023)

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What is Firstvings Financial Group Debt-to-Equity?

Firstvings Financial Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.00 Mil. Firstvings Financial Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $405.18 Mil. Firstvings Financial Group's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $164.52 Mil. Firstvings Financial Group's debt to equity for the quarter that ended in Dec. 2023 was 2.46.

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

FSFG' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.92 Med: 1.51 Max: 2.95
Current: 2.46

During the past 13 years, the highest Debt-to-Equity Ratio of Firstvings Financial Group was 2.95. The lowest was 0.92. And the median was 1.51.

FSFG's Debt-to-Equity is ranked worse than
89.02% of 1393 companies
in the Banks industry
Industry Median: 0.69 vs FSFG: 2.46

Firstvings Financial Group Debt-to-Equity Historical Data

The historical data trend for Firstvings 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.

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Firstvings Financial Group Debt-to-Equity Chart

Firstvings Financial Group Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Debt-to-Equity

Get a 7-Day Free Trial

2.00

2.10

1.50

2.61

Firstvings 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	Get a 7-Day Free Trial															2.95	2.93	2.38	-	2.46

Competitive Comparison of Firstvings Financial Group's Debt-to-Equity

For the Banks - Regional subindustry, Firstvings 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.

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

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

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

Firstvings Financial Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Firstvings Financial Group'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
	=	(0	+	0)	/	150.981
	=	0.00

Firstvings 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	+	405.183)	/	164.523
	=	2.46

Firstvings Financial Group (NAS:FSFG) 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.

Firstvings Financial Group Debt-to-Equity Related Terms

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

Firstvings Financial Group (Firstvings Financial Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » First Savings Financial Group Inc (NAS:FSFG) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

702 North Shore Drive, Suite 300, Jeffersonville, IN, USA, 47130

Website

https://www.fsbbank.net

First Savings Financial Group Inc provides various banking services to individuals and business customers in southern Indiana. The bank accepts deposits from the general public & uses those funds, along with other borrowings, mainly to originate a residential mortgage, commercial mortgage, construction, commercial business, & consumer loans, and to a lesser extent, to invest in mortgage-backed securities and other securities. It conducts lending and deposit activities mainly with individuals and small businesses in its market area. The bank operates in three segments: core banking, which accounts for majority revenue; SBA lending; and mortgage banking.

Executives

Kent L. Parisien	officer: EVP, Area President	501 EAST LEWIS & CLARK PARKWAY, CLARKSVILLE IN 47129
Steven R Stemler	director	C/O FIRST SAVINGS FINANCIAL GROUP, INC., 501 EAST LEWIS AND CLARK PARKWAY, CLARKSVILLE IN 47129
Larry W Myers	director, officer: President & CEO	702 NORTH SHORE DRIVE, SUITE 300, JEFFERSONVILLE IN 47130
Anthony A Schoen	officer: Chief Financial Officer	501 EAST LEWIS & CLARK PARKWAY, CLARKSVILLE IN 47129
L. Chris Fordyce	other: Director of Subsidiary	FIRST SAVINGS FINANCIAL GROUP, INC., 501 EAST LEWIS AND CLARK PARKWAY, CLARKSVILLE IN 47129
Frank Czeschin	director	FIRST SAVINGS FINANCIAL GROUP INC., 501 EAST LEWIS AND CLARK PARKWAY, CLARKSVILLE IN 47129
James E. Valete	officer: EVP, Chf SBA Lndg Offc	702 NORTH SHORE DRIVE, SUITE 300, JEFFERSONVILLE IN 47130
James W Nelson	officer: EVP and CRO	HUNTINGTON BANCSHARES INCORPORATED, HUNTINGTON CENTER, 41 S. HIGH STREET, COLUMBUS OH 43287
Brian A. Simon	officer: SVP, Dir of Mtg, Whsle Lndg	702 NORTH SHORE DRIVE, SUITE 300, JEFFERSONVILLE IN 47130
Jonathan E. Handmaker	officer: EVP of subsidiary	501 EAST LEWIS & CLARK PARKWAY, CLARKSVILLE IN 47129
David Z Rosen	officer: Treasurer of subsidiary	92 WALNUT STREET, LAWRENCEBURG IN 47025
Troy D. Hanke	director	702 NORTH SHORE DRIVE, SUITE 300, JEFFERSONVILLE IN 47130
Marie Haley	officer: EVP and Chief Retail Officer	501 EAST LEWIS AND CLARK PARKWAY, CLARKSVILLE IN 47129
Lenfield R. Basham	officer: EVP and CIO	501 EAST LEWIS & CLARK PARKWAY, CLARKSVILLE IN 47129
Lawson John P Jr	director, officer: Chief Operations Officer	501 EAST LEWIS AND CLARK PARKWAY, CLARKSVILLE IN 47129