WSFS Financial (WSFS Financial) Debt-to-Equity : 0.36 (As of Dec. 2023)

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What is WSFS Financial Debt-to-Equity?

WSFS Financial's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0 Mil. WSFS Financial's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $895 Mil. WSFS Financial's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $2,478 Mil. WSFS Financial's debt to equity for the quarter that ended in Dec. 2023 was 0.36.

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 WSFS Financial's Debt-to-Equity or its related term are showing as below:

WSFS' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.12 Med: 0.51 Max: 1.66
Current: 0.36

During the past 13 years, the highest Debt-to-Equity Ratio of WSFS Financial was 1.66. The lowest was 0.12. And the median was 0.51.

WSFS's Debt-to-Equity is ranked better than
68.84% of 1393 companies
in the Banks industry
Industry Median: 0.69 vs WSFS: 0.36

WSFS Financial Debt-to-Equity Historical Data

The historical data trend for WSFS Financial'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.

WSFS Financial Debt-to-Equity Chart

WSFS Financial Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.16

0.19

0.12

0.33

0.36

WSFS Financial 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	0.49	0.39	0.40	0.36

Competitive Comparison of WSFS Financial's Debt-to-Equity

For the Banks - Regional subindustry, WSFS Financial'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.

WSFS Financial's Debt-to-Equity Distribution in the Banks Industry

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

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

WSFS Financial Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

WSFS Financial'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	+	895.076)	/	2477.636
	=	0.36

WSFS Financial'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	+	895.076)	/	2477.636
	=	0.36

WSFS Financial (NAS:WSFS) 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.

WSFS Financial Debt-to-Equity Related Terms

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

WSFS Financial (WSFS Financial) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » WSFS Financial Corp (NAS:WSFS) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

WF4:Germany

Address

500 Delaware Avenue, Wilmington, DE, USA, 19801

Website

https://www.wsfsbank.com

WSFS Financial Corp is a savings and loan holding company. The company operates in three segments: WSFS Bank provides loans and leases and other financial products to commercial and consumer customers. Cash Connect segment provides ATM vault cash, smart safe, and other cash logistics services; and Wealth Management provides a broad array of planning and advisor services, investment management, personal and institutional trust services, and credit and deposit products to individuals, corporate, and institutional clients.

Executives

Patrick Joseph Ward	officer: Executive Vice President	C/O WSFS FINANCIAL CORPORATION, 500 DELAWARE AVENUE, WILMINGTON DE 19801
Michael J Donahue	director
Christine Elizabeth Davis	officer: EVP, Chief Risk Officer	WSFS BANK CENTER, 500 DELAWARE AVENUE, WILMINGTON DE 19801
Shari Kruzinski	officer: EVP, Chief Customer Officer	WSFS BANK CENTER, 500 DELAWARE AVENUE, WILMINGTON DE 19801
Rodger Levenson	officer: Executive Vice President	C/O WSFS FINANCIAL CORPORATION, 500 DELAWARE AVENUE, WILMINGTON DE 19801
Francis J Leto	director	501 WILLIAMSON RD, GLADWYNE PA 19035
Richard Wright	officer: Executive Vice President
Nancy J Foster	director	C/O CIT GROUP, 505 FIFTH AVENUE, NEW YORK NY 10017
Lynn Mckee	director
Diego F. Calderin	director	971 FREDERICK DRIVE, WEST CHESTER PA 19380
Peggy H Eddens	officer: Executive Vice President	C/O WSFS FINANCIAL CORPORATION, 500 DELAWARE AVENUE, WILMINGTON DE 19801
Stephen P Clark	officer: EVP	C/O WSFS FINANCIAL CORPORATION, 500 DELAWARE AVENUE, WILMINGTON DE 19801
Mark A Turner	director	C/O WSFS FINANCIAL CORP, 500 DELAWARE AVENUE, WILMINGTON DE 19801
Paul S Greenplate	officer: EVP	C/O WSFS FINANCIAL CORPORATION, 500 DELAWARE AVENUE, WILMINGTON DE 19801
Michael Conklin	officer: EVP, Chief Human Resources Off	500 DELAWARE AVENUE, WSFS FINANCIAL CORPORATION & BANK CENTER, WILMINGTON DE 19801