COFS (ChoiceOne Financial Services) Debt-to-Equity : 0.81 (As of Dec. 2024)

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What is ChoiceOne Financial Services Debt-to-Equity?

ChoiceOne Financial Services's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2024 was $155.00 Mil. ChoiceOne Financial Services's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2024 was $55.75 Mil. ChoiceOne Financial Services's Total Stockholders Equity for the quarter that ended in Dec. 2024 was $260.42 Mil. ChoiceOne Financial Services's debt to equity for the quarter that ended in Dec. 2024 was 0.81.

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

COFS' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.06 Med: 0.22 Max: 1.2
Current: 0.81

During the past 13 years, the highest Debt-to-Equity Ratio of ChoiceOne Financial Services was 1.20. The lowest was 0.06. And the median was 0.22.

COFS's Debt-to-Equity is ranked worse than
58.7% of 1465 companies
in the Banks industry
Industry Median: 0.63 vs COFS: 0.81

ChoiceOne Financial Services Debt-to-Equity Historical Data

The historical data trend for ChoiceOne Financial Services'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.

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ChoiceOne Financial Services Debt-to-Equity Chart

ChoiceOne Financial Services Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Debt-to-Equity

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0.06

0.38

0.51

1.20

0.81

ChoiceOne Financial Services Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Debt-to-Equity	Get a 7-Day Free Trial															1.20	1.19	1.15	0.99	0.81

Competitive Comparison of ChoiceOne Financial Services's Debt-to-Equity

For the Banks - Regional subindustry, ChoiceOne Financial Services'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.

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

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

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

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ChoiceOne Financial Services Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

ChoiceOne Financial Services's Debt to Equity Ratio for the fiscal year that ended in Dec. 2024 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
	=	(155	+	55.752)	/	260.415
	=	0.81

ChoiceOne Financial Services's Debt to Equity Ratio for the quarter that ended in Dec. 2024 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
	=	(155	+	55.752)	/	260.415
	=	0.81

ChoiceOne Financial Services (NAS:COFS) 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.

ChoiceOne Financial Services Debt-to-Equity Related Terms

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

ChoiceOne Financial Services Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » ChoiceOne Financial Services Inc (NAS:COFS) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

109 East Division Street, Sparta, MI, USA, 49345

Website

https://www.choiceone.com

ChoiceOne Financial Services Inc is a full-service banking institution. It is engaged in the business of providing personal and business banking solutions, borrowing solutions, and treasury notes and bonds services. The bank's product and services portfolio consist of time, savings and demand deposits, safe deposit services, automated transaction machine services, commercial and consumer loans, commercial lending to business, industry, agricultural, construction, inventory, and real estate categories. Its primary market area is Kent, Muskegon, Newaygo, and Ottawa counties in western Michigan, and Lapeer, Macomb, and St. Clair counties in southeastern Michigan in the communities where the Bank's respective offices are located.

Executives

Curt E Coulter	director	109 EAST DIVISION STREET, SPARTA MI 49345
Bradley F. Mcginnis	director	109 EAST DIVISION STREET, SPARTA MI 49345
Burke Michael J Jr	director, officer: President	109 EAST DIVISION STREET, SPARTA MI 49345
Kelly Potes	officer: V.P. - ChoiceOne Insur. (Sub.)	109 EAST DIVISION STREET, SPARTA MI 49345
Essex Bruce John Jr	director	109 EAST DIVISION STREET, SPARTA MI 49345
Jack Hendon	director	109 EAST DIVISION STREET, SPARTA MI 49345
Michelle M Wendling	director	109 EAST DIVISION STREET, SPARTA MI 49345
Keith D. Brophy	director	109 EAST DIVISION STREET, SPARTA MI 49345
Gregory A Mcconnell	director	109 EAST DIVISION STREET, SPARTA MI 49345
Eric E Burrough	director	109 EAST DIVISION STREET, SPARTA MI 49345
Harold J Burns	director	109 EAST DIVISION STREET, SPARTA MI 49345
Adom Greenland	officer: S.V.P. - ChoiceOne Bank (Sub.)	109 EAST DIVISION STREET, SPARTA MI 49345
Greg L. Armock	director	109 EAST DIVISION STREET, SPARTA MI 49345
David J Churchill	director	109 EAST DIVISION STREET, SPARTA MI 49345
Lee A Braford	officer: VP-ChoiceOne Bank (Subsidiary)	109 EAST DIVISION STREET, SPARTA MI 49345