Bank of South Carolina (Bank of South Carolina) Debt-to-Equity : 0.90 (As of Jun. 2023)

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What is Bank of South Carolina Debt-to-Equity?

Bank of South Carolina's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was $25.00 Mil. Bank of South Carolina's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was $13.12 Mil. Bank of South Carolina's Total Stockholders Equity for the quarter that ended in Jun. 2023 was $42.57 Mil. Bank of South Carolina's debt to equity for the quarter that ended in Jun. 2023 was 0.90.

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 Bank of South Carolina's Debt-to-Equity or its related term are showing as below:

BKSC' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.24 Max: 0.9
Current: 0.9

During the past 13 years, the highest Debt-to-Equity Ratio of Bank of South Carolina was 0.90. The lowest was 0.01. And the median was 0.24.

BKSC's Debt-to-Equity is ranked worse than
60.37% of 1393 companies
in the Banks industry
Industry Median: 0.67 vs BKSC: 0.90

Bank of South Carolina Debt-to-Equity Historical Data

The historical data trend for Bank of South Carolina'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.

Bank of South Carolina Debt-to-Equity Chart

Bank of South Carolina Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Debt-to-Equity

Get a 7-Day Free Trial

0.26

0.23

0.26

0.35

Bank of South Carolina Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
Debt-to-Equity	Get a 7-Day Free Trial															0.33	0.38	0.35	0.31	0.90

Competitive Comparison of Bank of South Carolina's Debt-to-Equity

For the Banks - Regional subindustry, Bank of South Carolina'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.

Bank of South Carolina's Debt-to-Equity Distribution in the Banks Industry

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

* The bar in red indicates where Bank of South Carolina's Debt-to-Equity falls into.

Bank of South Carolina Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Bank of South Carolina's Debt to Equity Ratio for the fiscal year that ended in Dec. 2022 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	+	13.434)	/	38.811
	=	0.35

Bank of South Carolina's Debt to Equity Ratio for the quarter that ended in Jun. 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
	=	(25	+	13.117)	/	42.571
	=	0.90

Bank of South Carolina (OTCPK:BKSC) 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.

Bank of South Carolina Debt-to-Equity Related Terms

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Bank of South Carolina (Bank of South Carolina) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Bank of South Carolina Corp (OTCPK:BKSC) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

256 Meeting Street, Charleston, SC, USA, 29401

Website

https://www.banksc.com

Bank of South Carolina Corp is a financial institution holding company. It is engaged in providing financial product and services. The bank offers various deposits, including non-interest-bearing accounts, negotiable order of withdrawal accounts, money market accounts, time deposits and savings accounts. Its loan offering includes commercial and industrial loans; real estate loans; loans to individuals for household, family and other personal expenditures. In addition to one- to four-family residential mortgage loans, it offers home equity loans and lines of credit that are secured by the borrower's primary or secondary residence. Geographically, all the activities are functioned through the regions of South Carolina and derive majority of its income from interest on loans and investments.

Executives

Walpole Gene H Iv	officer: Chief Financial Officer	PO BOX 538, CHARLESTON SC 29402
Fleetwood S Hassell	officer: Senior Vice President	P O BOX 538, CHARLESTON SC 29402
Sheryl G Sharry	officer: Senior Vice President	P. O. BOX 538, CHARLESTON SC 29402
Douglas H Sass	officer: Executive Vice President	P O BOX 538, CHARLESTON SC 29402
Charles G Lane	director	P O BOX 538, CHARLESTON SC 29402
Lane C Hugh Jr	director, 10 percent owner, officer: President & CEO	P O BOX 538, CHARLESTON SC 29402
Susanne King Boyd	officer: Cheif Operating Officer	PO BOX 538, CHARLESTON SC 29402
David W Bunch	director	P O BOX 538, CHARLESTON SC 29402
Hutson Richard W Jr	director	P O BOX 538, CHARLESTON SC 29402
Elizabeth M Hagood	director	P O BOX 538, CHARLESTON SC 29402
Hiott William L Jr	director, officer: Executive Vice President
Alan I Nussbaum	director	P O BOX 538, CHARLESTON SC 29402
David R Schools	director	P O BOX 538, CHARLESTON SC 29402
Malcolm M Rhodes	director	P O BOX 538, CHARLESTON SC 29402
Glen B Haynes	director	P O BOX 538, CHARLESTON SC 29402