Skyline Bankshares (Skyline Bankshares) Debt-to-Equity : 0.66 (As of Dec. 2023)

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What is Skyline Bankshares Debt-to-Equity?

Skyline Bankshares's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $27.50 Mil. Skyline Bankshares's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $27.50 Mil. Skyline Bankshares's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $82.88 Mil. Skyline Bankshares's debt to equity for the quarter that ended in Dec. 2023 was 0.66.

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 Skyline Bankshares's Debt-to-Equity or its related term are showing as below:

SLBK' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.1 Med: 0.12 Max: 0.66
Current: 0.66

During the past 9 years, the highest Debt-to-Equity Ratio of Skyline Bankshares was 0.66. The lowest was 0.10. And the median was 0.12.

SLBK's Debt-to-Equity is ranked better than
51.65% of 1394 companies
in the Banks industry
Industry Median: 0.695 vs SLBK: 0.66

Skyline Bankshares Debt-to-Equity Historical Data

The historical data trend for Skyline Bankshares'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.

Skyline Bankshares Debt-to-Equity Chart

Skyline Bankshares Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.12

0.10

0.66

Skyline Bankshares 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															-	0.33	0.26	0.37	0.66

Competitive Comparison of Skyline Bankshares's Debt-to-Equity

For the Banks - Regional subindustry, Skyline Bankshares'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.

Skyline Bankshares's Debt-to-Equity Distribution in the Banks Industry

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

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

Skyline Bankshares Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Skyline Bankshares'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
	=	(27.5	+	27.5)	/	82.882
	=	0.66

Skyline Bankshares'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
	=	(27.5	+	27.5)	/	82.882
	=	0.66

Skyline Bankshares (OTCPK:SLBK) 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.

Skyline Bankshares Debt-to-Equity Related Terms

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Skyline Bankshares (Skyline Bankshares) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Skyline Bankshares Inc (OTCPK:SLBK) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

101 Jacksonville Circle, Floyd, VA, USA, 24091

Website

https://www.skylinenationalbank.bank

Skyline Bankshares Inc is a bank holding company. The company's product and service portfolio includes regular savings, demand, NOW, money market deposits, individual retirement accounts, and small denomination certificates of deposit. It also offers a variety of secured loans, including commercial lines of credit, commercial term loans, real estate, construction, home equity, consumer, and other loans.