MBWM (Mercantile Bank) Debt-to-Asset : 0.07 (As of Jun. 2026)

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MBWM Mercantile Bank Corp MBWM
67 GF Score
Price $60.25
GF Value $48.83
Valuation Modestly Overvalued
! 7 Warning Signs
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What is Mercantile Bank Debt-to-Asset?

Mercantile Bank MBWM +0.78% 67 Debt-to-Asset is 0.07 as of Jun. 2026. GuruFocus rates MBWM with a GF Score™ of 67/100 and a GF Value™ of $48.83 (Modestly Overvalued). The stock has 7 warning signs investors should review.

Mercantile Bank's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2026 was $100.9 Mil. Mercantile Bank's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2026 was $370.6 Mil. Mercantile Bank's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Jun. 2026 was $6,819.5 Mil. Mercantile Bank's debt to asset for the quarter that ended in Jun. 2026 was 0.07.

Mercantile Bank  (NAS:MBWM) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

Mercantile Bank Debt-to-Asset Related Terms

Mercantile Bank Debt-to-Asset Historical Data

* Premium members only.

The historical data trend for Mercantile Bank's Debt-to-Asset 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.

Mercantile Bank Debt-to-Asset Chart

Mercantile Bank Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Debt-to-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.09 0.09 0.11 0.09 0.07

Mercantile Bank Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Debt-to-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.08 0.08 0.07 0.07 0.07

MBWM vs SBSI, BFST, FBAK: Debt-to-Asset Comparison

For the Banks - Regional subindustry, Mercantile Bank's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset 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.

Mercantile Bank Debt-to-Asset vs Banks Industry

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

* The bar in red indicates where Mercantile Bank's Debt-to-Asset falls into.


MBWM
67GF Score
Mercantile Bank Corp MBWM
Debt-to-Asset is just one metric. See GF Score™, valuation, warning signs, and more.
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Mercantile Bank Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Mercantile Bank's Debt-to-Asset for the fiscal year that ended in Dec. 2025 is calculated as

Debt-to-Asset=Total Debt / Total Assets
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Total Assets
=(0 + 496.893) / 6835.219
=0.07

Mercantile Bank's Debt-to-Asset for the quarter that ended in Jun. 2026 is calculated as

Debt-to-Asset=Total Debt / Total Assets
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Total Assets
=(100.938 + 370.571) / 6819.49
=0.07

* 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.

Frequently Asked Questions Learn more about Debt-to-Asset →
What does a Debt-to-Asset of 0.07 mean?
Mercantile Bank (MBWM) has a Debt-to-Asset of 0.07 as of Jun. 2026. Debt-to-asset ratio represents the ratio of total debt to total assets. View historical data on Mercantile Bank and its competitors.
Is Mercantile Bank's Debt-to-Asset too high?
Mercantile Bank's current Debt-to-Asset is 0.07. Overall, Mercantile Bank has a GF Score™ of 67/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Mercantile Bank's Debt-to-Asset compare to SBSI and BFST?
Mercantile Bank's Debt-to-Asset of 0.07 can be compared against companies in the Banks industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-Asset for a Banks company?
A good Debt-to-Asset depends on the Banks industry context. However, Debt-to-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-Asset mean?
A high Debt-to-Asset can signal that a stock is expensive relative to its fundamentals. Debt-to-asset ratio represents the ratio of total debt to total assets. View historical data on Mercantile Bank and its competitors. Mercantile Bank's current Debt-to-Asset is 0.07. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mercantile Bank stock overvalued right now?
Based on GuruFocus' analysis, Mercantile Bank (MBWM) is currently considered Modestly Overvalued. The stock's GF Value™ is $48.83, compared to a current price of $60.25 — trading 23.4% above its estimated fair value. The current Debt-to-Asset is 0.07. Mercantile Bank's overall GF Score™ is 67/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Asset calculated?
Debt-to-Asset is calculated from a company's financial statements. For Mercantile Bank (MBWM), the current Debt-to-Asset is 0.07 as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Mercantile Bank (MBWM) Overvalued in 2026?

Based on GuruFocus' analysis, Mercantile Bank stock appears to be overvalued. The current stock price of $60.25 is trading 23.4% above its estimated GF Value™ of $48.83. GuruFocus considers Mercantile Bank to be Modestly Overvalued.

Key valuation signals for MBWM:

  • Debt-to-Asset: 0.07
  • GF Value™: $48.83 vs. price of $60.25 (23.4% above fair value)
  • GF Score™: 67/100 with 7 warning signs

No single metric tells the full story. See the MBWM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Mercantile Bank Business Description

Address 310 Leonard Street NW, Grand Rapids, MI, USA, 49504
Mercantile Bank Corp operates as a bank holding company. It offers various commercial banking services to individuals, businesses, governmental units, and other institutions. These services include deposit products such as checking, savings, and term certificate accounts and lending products such as commercial, residential mortgage, and installment loans. The company generates revenue from interest and dividends earned on loans, securities, and other financial instruments.
67GF Score

Get the complete analysis for MBWM

Debt-to-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$60.25
Price
$48.83
GF Value