Southern States Bancshares (Southern States Bancshares) Debt-to-Equity : 0.85 (As of Dec. 2023)

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What is Southern States Bancshares Debt-to-Equity?

Southern States Bancshares's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $58.00 Mil. Southern States Bancshares's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $125.67 Mil. Southern States Bancshares's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $214.96 Mil. Southern States Bancshares's debt to equity for the quarter that ended in Dec. 2023 was 0.85.

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 Southern States Bancshares's Debt-to-Equity or its related term are showing as below:

SSBK' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.1 Med: 0.31 Max: 0.85
Current: 0.66

During the past 5 years, the highest Debt-to-Equity Ratio of Southern States Bancshares was 0.85. The lowest was 0.10. And the median was 0.31.

SSBK's Debt-to-Equity is ranked better than
51.62% of 1393 companies
in the Banks industry
Industry Median: 0.69 vs SSBK: 0.66

Southern States Bancshares Debt-to-Equity Historical Data

The historical data trend for Southern States Bancshares'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.

Southern States Bancshares Debt-to-Equity Chart

Southern States Bancshares Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

0.10

0.31

0.22

0.65

0.85

Southern States Bancshares Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial													0.69	0.67	0.73	0.85	0.66

Competitive Comparison of Southern States Bancshares's Debt-to-Equity

For the Banks - Regional subindustry, Southern States Bancshares'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.

Southern States Bancshares's Debt-to-Equity Distribution in the Banks Industry

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

* The bar in red indicates where Southern States Bancshares's Debt-to-Equity falls into.

Southern States Bancshares Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Southern States Bancshares'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
	=	(58	+	125.673)	/	214.964
	=	0.85

Southern States Bancshares'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
	=	(58	+	125.673)	/	214.964
	=	0.85

Southern States Bancshares (NAS:SSBK) 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.

Southern States Bancshares Debt-to-Equity Related Terms

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

Southern States Bancshares (Southern States Bancshares) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Southern States Bancshares Inc (NAS:SSBK) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

615 Quintard Avenue, Anniston, AL, USA, 36201

Website

https://www.southernstatesbank.net

Southern States Bancshares Inc is a full service community banking institution, which offers an array of deposit, loan and other banking-related products and services to businesses and individuals in communities.

Executives

Jonathan Hinton	director	615 QUINTARD AVENUE, ANNISTON AL 36201
Christine Hunsaker	director	1333 S CLEARVIEW PARKWAY, JEFFERSON LA 70121
Cynthia S. Mccarty	director	7 OFFICE PARK CIRCLE, BIRMINGHAM AL 35223
Lynn J Joyce	officer: Chief Financial Officer	1630 4TH AVE NORTH, BESSEMER AL 35020
Daniel Andrew Cummings	director	615 QUINTARD AVENUE, ANNISTON AL 36201
Gregory B. Smith	officer: Chief Risk Officer	7 OFFICE PARK CIRCLE, BIRMINGHAM AL 35223
Brent O. Hitson	director	7 OFFICE PARK CIRCLE, BIRMINGHAM AL 35223
Smith J. Henry Iv	director	7 OFFICE PARK CIRCLE, BIRMINGHAM AL 35223
Turner Henry A. Jr.	director	7 OFFICE PARK CIRCLE, BIRMINGHAM AL 35223
Brian Stacey Holmes	director	7 OFFICE PARK CIRCLE, BIRMINGHAM AL 35223
Hayes Alfred J. Jr.	director	7 OFFICE PARK CIRCLE, BIRMINGHAM AL 35223
Lewis C. Beavers	director	7 OFFICE PARK CIRCLE, BIRMINGHAM AL 35223
Jimmy A. Lafoy	director	7 OFFICE PARK CIRCLE, BIRMINGHAM AL 35223
Robert T. Davie	director	7 OFFICE PARK CIRCLE, BIRMINGHAM AL 35223
Stephen W. Whatley	director, officer: Chief Executive Officer	7 OFFICE PARK CIRCLE, BIRMINGHAM AL 35223