Waynevings Bancshares (Waynevings Bancshares) Debt-to-Equity

: 0.89 (As of Dec. 2023)

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Waynevings Bancshares's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.00 Mil. Waynevings Bancshares's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $47.00 Mil. Waynevings Bancshares's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $52.97 Mil. Waynevings Bancshares's debt to equity for the quarter that ended in Dec. 2023 was 0.89.

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

WAYN' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.26 Med: 0.5 Max: 1.31
Current: 0.89

During the past 13 years, the highest Debt-to-Equity Ratio of Waynevings Bancshares was 1.31. The lowest was 0.26. And the median was 0.50.

WAYN's Debt-to-Equity is ranked worse than
58.66% of 1398 companies
in the Banks industry
Industry Median: 0.7 vs WAYN: 0.89

Waynevings Bancshares Debt-to-Equity Historical Data

The historical data trend for Waynevings 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.

Waynevings Bancshares Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

0.41

0.50

0.26

1.31

0.89

Waynevings Bancshares 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																1.31	1.44	1.57	1.89	0.89

Competitive Comparison

For the Banks - Regional subindustry, Waynevings 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.

Waynevings Bancshares Debt-to-Equity Distribution

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

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

Waynevings Bancshares Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Waynevings 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
	=	(0	+	47)	/	52.967
	=	0.89

Waynevings 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
	=	(0	+	47)	/	52.967
	=	0.89

Waynevings Bancshares (OTCPK:WAYN) 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.

Waynevings Bancshares Debt-to-Equity Related Terms

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Waynevings Bancshares (Waynevings Bancshares) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Wayne Savings Bancshares Inc (OTCPK:WAYN) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

151 North Market Street, Wooster, OH, USA, 44691

Website

https://www.waynesavings.com

Wayne Savings Bancshares Inc a bank holding company. It offers services such as checking accounts, savings, business loans, online banking, mobile banking, and overdraft protection among others. The bank generates its revenue in the form of interest income.

Executives

Joel Dale Beckler	officer: SVP, Senior Loan Officer	3058 BAYBERRY COVE, WOOSTER OH 44691
Brian Hopkins	director	6060 PARKLAND, SUITE 200, CLEVELAND OH 44124
James R Vansickle	director, officer: President and CEO	112 WEST MARKET STREET, PO BOX 57, ORRVILLE OH 44667
Glenn W Miller	director	151 N MARKET ST, WOOSTER OH 44691
David L Lehman	director	151 N MARKET ST, WOOSTER OH 44691
Myron L Swartzentruber	officer: Senior Vice Preisdent/CFO	C/O WAYNE SAVINGS BANCSHARES, INC., 151 N. MARKET ST., WOOSTER OH 44691
Debra A Marthey	director	151 N MARKET ST, WOOSTER OH 44691
Jonathan Ciccotelli	director	C/O WAYNE SAVINGS BANCSHARES, INC., 151 N. MARKET ST., WOOSTER OH 44691
Rod C Steiger	director
Daniel R Buehler	director	WAYNE SAVINGS BANCSHARES INC, 151 NORTH MARKET STREET, WOOSTER OH 44691
Steven G Dimos	officer: EVP/Chief Operations Officer	C/O WAYNE SAVINGS COMMUNITY BANK, 151 NORTH MARKET STREET, WOOSTER OH 44691
Peggy J Schmitz	director	WAYNE SAVINGS COMMUNITY BANK, 151 N MARKET STREET, WOOSTER OH 44691
Bryan K Fehr	officer: See footnote (1)	151 N MARKET STREET, WOOSTER OH 44691
Fitz Gibbon H Stewart Iii	officer: See footnote (1)	WAYNE SAVINGS BANCSHARES, 151 N. MARKET STREET, WOOSTER OH 44691
Phillip E Becker	officer: EVP/CHIEF LENDING OFFICER	WAYNE SAVINGS BANCSHARES INC, 151 N. MARKET STREET, WOOSTER OH 44691