Unity Bancorp (Unity Bancorp) Debt-to-Equity

: 1.40 (As of Dec. 2023)

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Unity Bancorp's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.0 Mil. Unity Bancorp's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $366.7 Mil. Unity Bancorp's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $261.4 Mil. Unity Bancorp's debt to equity for the quarter that ended in Dec. 2023 was 1.40.

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 Unity Bancorp's Debt-to-Equity or its related term are showing as below:

UNTY' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.27 Med: 1.5 Max: 2.42
Current: 1.4

During the past 13 years, the highest Debt-to-Equity Ratio of Unity Bancorp was 2.42. The lowest was 0.27. And the median was 1.50.

UNTY's Debt-to-Equity is ranked worse than
74.41% of 1395 companies
in the Banks industry
Industry Median: 0.7 vs UNTY: 1.40

Unity Bancorp Debt-to-Equity Historical Data

The historical data trend for Unity Bancorp'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.

Unity Bancorp Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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1.83

1.22

0.27

1.64

1.40

Unity Bancorp 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															1.64	1.60	1.78	1.58	1.40

Competitive Comparison

For the Banks - Regional subindustry, Unity Bancorp'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.

Unity Bancorp Debt-to-Equity Distribution

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

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

Unity Bancorp Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Unity Bancorp'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	+	366.748)	/	261.43
	=	1.40

Unity Bancorp'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	+	366.748)	/	261.43
	=	1.40

Unity Bancorp (NAS:UNTY) 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.

Unity Bancorp Debt-to-Equity Related Terms

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Unity Bancorp (Unity Bancorp) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Unity Bancorp Inc (NAS:UNTY) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

UTB:Germany

Address

64 Old Highway 22, Clinton, NJ, USA, 08809

Website

http://www.unitybank.com

Unity Bancorp Inc is a bank holding company that serves as a holding company for Unity Bank. It conducts a traditional and community-oriented commercial banking business and offers services, including personal and business checking accounts, time deposits, money market accounts and regular savings accounts. The company structures its specific services and charges in a manner designed to attract the business of the small and medium sized business and professional community, as well as that of individuals residing, working and shopping in its service area. The company engages in a wide range of lending activities and offers commercial, Small Business Administration, consumer, mortgage, home equity and personal loans.

Executives

Daniel C Sharabba	officer: Senior Retail Officer/SVP	C/O, 64 OLD HIGHWAY 22, CLINTON NJ 08809
Minsu Kim	officer: Chief Credit Officer/SVP	C/O, 64 OLD HIGHWAY 22, CLINTON NJ 08809
Vincent Geraci	officer: Director of Mortgage Lending	C/O, 64 OLD HIGHWAY 22, CLINTON NJ 08809
Souders Donald E. Jr.	director	C/O UNITY BANK, 64 OLD HIGHWAY 22, CLINTON NJ 08809
James R Davies	officer: Controller/FVP	C/O, 64 OLD HIGHWAY 22, CLINTON NJ 08809
Dallas Robert H Ii	director, 10 percent owner	C/O UNITY BANCORP INC, 64 OLD HIGHWAY 22, CLINTON NJ 08809
David D Dallas	director, 10 percent owner, other: Chairman of the Board	C/O UNITY BANCORP INC, 64 OLD HIGHWAY 22, CLINTON NJ 08809
George Boyan	officer: Chief Financial Officer	C/O, 64 OLD HIGHWAY 22, CLINTON NJ 08809
Wayne Courtright	director	9 MICHAEL COURT, MILLSTONE TOWNSHIP NJ 07726
John J Kauchak	officer: EVP/COO	C/O UNITYBANK CORP, 64 OLD HWY 22, CLINTON NJ 08809
Janice Bolomey	officer: EVP/CAO	C/O UNITY BANK, 64 OLD HIGHWAY 22, CLINTON NJ 08809
James Joseph Donovan	officer: Chief Lending Officer/SVP	C/O, 64 OLD HIGHWAY 22, CLINTON NJ 08809
Stephen Rooney	officer: Chief Lending Officer/1st SVP	212 DOLSON AVENUE, MIDDLETOWN NY 10940
Mark S Brody	director
Laureen Cook	officer: Chief Accounting Officer	C/O UNITY BANK, 64 OLD HIGHWAY 22, CLINTON NJ 08809