Heritage Southeast Bancorp (Heritage Southeast Bancorp) Debt-to-Equity : 0.29 (As of Sep. 2022)

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What is Heritage Southeast Bancorp Debt-to-Equity?

Heritage Southeast Bancorp's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2022 was $34.69 Mil. Heritage Southeast Bancorp's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2022 was $9.52 Mil. Heritage Southeast Bancorp's Total Stockholders Equity for the quarter that ended in Sep. 2022 was $150.79 Mil. Heritage Southeast Bancorp's debt to equity for the quarter that ended in Sep. 2022 was 0.29.

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

HSBI' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.03 Med: 0.44 Max: 1.61
Current: 0.29

During the past 13 years, the highest Debt-to-Equity Ratio of Heritage Southeast Bancorp was 1.61. The lowest was 0.03. And the median was 0.44.

HSBI's Debt-to-Equity is not ranked
in the Banks industry.
Industry Median: 0.66 vs HSBI: 0.29

Heritage Southeast Bancorp Debt-to-Equity Historical Data

The historical data trend for Heritage Southeast 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.

Heritage Southeast Bancorp Debt-to-Equity Chart

Heritage Southeast Bancorp Annual Data

Trend

Dec04

Dec05

Dec06

Dec07

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Debt-to-Equity

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0.33

0.59

0.17

0.31

0.28

Heritage Southeast Bancorp Quarterly Data
	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
Debt-to-Equity	Get a 7-Day Free Trial															0.27	0.28	0.29	0.29	0.29

Competitive Comparison of Heritage Southeast Bancorp's Debt-to-Equity

For the Banks - Regional subindustry, Heritage Southeast 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.

Heritage Southeast Bancorp's Debt-to-Equity Distribution in the Banks Industry

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

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

Heritage Southeast Bancorp Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Heritage Southeast Bancorp's Debt to Equity Ratio for the fiscal year that ended in Dec. 2021 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
	=	(34.188	+	9.403)	/	153.96
	=	0.28

Heritage Southeast Bancorp's Debt to Equity Ratio for the quarter that ended in Sep. 2022 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
	=	(34.688	+	9.519)	/	150.792
	=	0.29

Heritage Southeast Bancorp (OTCPK:HSBI) 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.

Heritage Southeast Bancorp Debt-to-Equity Related Terms

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

Heritage Southeast Bancorp (Heritage Southeast Bancorp) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Heritage Southeast Bancorp Inc (OTCPK:HSBI) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

101 North Main Street, PO Box 935, Jonesboro, GA, USA, 30237

Website

https://www.heritagebank.com

Heritage Southeast Bancorp Inc is a bank holding company for Heritage Bank. The company through its subsidiary provides a full range of banking services to individual and corporate customers. The company engages in a full complement of lending activities, including real estate-related loans, commercial and industrial loans, and consumer installment loans.

Executives

Stephen E Boswell	other: Director-Heritage Bank	P. O. BOX 935, JONESBORO GA 30237
Shirley Etheridge	officer: Group V. P. (subsidiary)	5875 GRETNA COURT, REX GA 30273
Kathy Zovlonsky	officer: Senior V. P. (subsidiary)	810 DAILEYS CREEK DRIVE, MCDONOUGH GA 30253
Joe B Mundy	other: former Director	P O BOX 935, JONESBORO GA 30236
Leonard A Moreland	director, officer: Executive Vice President	P O BOX 935, JONESBORO GA 30236
Edwin S Kemp	director	P O BOX 935, JONESBORO GA 30236
Edith W Stevens	officer: SVP/ COO	P O BOX 935, JONESBORO GA 30236
John B Lee	director	P O BOX 935, JONESBORO GA 30236
Charles S Tucker	director	P O BOX 935, JONESBORO GA 30236
Mary Jo Rogers	officer: SVP/CFO	P O BOX 935, JONESBORO GA 30236
John L Westervelt	officer: Executive Vice President	P O BOX 935, JONESBORO GA 30236
David B Turner	director, officer: President/CEO
John T Mitchell	director	P O BOX 935, JONESBORO GA 30236
Roy V Hall	director	P O BOX 935, JONESBORO GA 30236
John C Bowdoin	officer: SVP/ Co.unty President	P O BOX 935, JONESBORO GA 30236