Absecon Bancorp (Absecon Bancorp) Debt-to-Equity : 0.00 (As of . 20)

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What is Absecon Bancorp Debt-to-Equity?

Absecon Bancorp's Short-Term Debt & Capital Lease Obligation for the quarter that ended in . 20 was $0.00 Mil. Absecon Bancorp's Long-Term Debt & Capital Lease Obligation for the quarter that ended in . 20 was $0.00 Mil. Absecon Bancorp's Total Stockholders Equity for the quarter that ended in . 20 was $0.00 Mil.

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

ASCN's Debt-to-Equity is not ranked ^*
in the Banks industry.
Industry Median: 0.65
* Ranked among companies with meaningful Debt-to-Equity only.

Absecon Bancorp Debt-to-Equity Historical Data

The historical data trend for Absecon 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.

Absecon Bancorp Debt-to-Equity Chart

Absecon Bancorp Annual Data

Trend

Debt-to-Equity

Absecon Bancorp Quarterly Data

Debt-to-Equity

Competitive Comparison of Absecon Bancorp's Debt-to-Equity

For the Banks - Regional subindustry, Absecon 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.

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

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

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

Absecon Bancorp Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Absecon Bancorp's Debt to Equity Ratio for the fiscal year that ended in . 20 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
	=	(	+	)	/	N/A
	=	N/A

Absecon Bancorp's Debt to Equity Ratio for the quarter that ended in . 20 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
	=	(	+	)	/
	=	N/A

Absecon Bancorp (OTCPK:ASCN) 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.

Absecon Bancorp Debt-to-Equity Related Terms

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Absecon Bancorp (Absecon Bancorp) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Absecon Bancorp (OTCPK:ASCN) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

106 New Jersey Avenue, Absecon, NJ, USA, 08201-2409

Website

https://www.fnbabsecon.com

Absecon Bancorp is engaged in providing financial products and services to individual and corporate customers in southern New Jersey. The principal business of the Bank consists of attracting deposits and applying those funds to the purchase of investments and the origination of loans. The Bank's income is derived principally from interest and dividends on investments and interest and fees earned in connection with its lending activities.

Absecon Bancorp (Absecon Bancorp) Headlines

From GuruFocus

Absecon Bancorp Announces Special Cash Dividend of $3.00 Per Share along with an Annual Cash Dividend of $2.00 Per Share

By Marketwired Marketwired • 12-01-2020