Citizens National (Citizens National) Debt-to-Equity : 0.20 (As of Mar. 2006)

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What is Citizens National Debt-to-Equity?

Citizens National's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2006 was $3.00 Mil. Citizens National's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2006 was $3.20 Mil. Citizens National's Total Stockholders Equity for the quarter that ended in Mar. 2006 was $31.40 Mil. Citizens National's debt to equity for the quarter that ended in Mar. 2006 was 0.20.

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 Citizens National's Debt-to-Equity or its related term are showing as below:

CZNL's Debt-to-Equity is not ranked ^*
in the Banks industry.
Industry Median: 0.66
* Ranked among companies with meaningful Debt-to-Equity only.

Citizens National Debt-to-Equity Historical Data

The historical data trend for Citizens National'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.

Citizens National Debt-to-Equity Chart

Citizens National Annual Data

Trend

Dec03

Dec04

Dec05

Debt-to-Equity

0.20

Citizens National Quarterly Data
	Sep92	Dec92	Mar93	Jun93	Sep93	Mar04	Jun04	Sep04	Dec04	Mar05	Jun05	Sep05	Dec05	Mar06
Debt-to-Equity	Get a 7-Day Free Trial									-	0.40	0.14	0.20	0.20

Competitive Comparison of Citizens National's Debt-to-Equity

For the Banks - Regional subindustry, Citizens National'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.

Citizens National's Debt-to-Equity Distribution in the Banks Industry

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

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

Citizens National Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Citizens National's Debt to Equity Ratio for the fiscal year that ended in Dec. 2005 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	+	6.23)	/	30.765
	=	0.20

Citizens National's Debt to Equity Ratio for the quarter that ended in Mar. 2006 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
	=	(3	+	3.2)	/	31.401
	=	0.20

Citizens National (OTCPK:CZNL) 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.

Citizens National Debt-to-Equity Related Terms

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Citizens National (Citizens National) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Citizens National Corp (OTCPK:CZNL) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

620 Broadway, Paintsville, KY, USA, 41240

Website

https://www.wercitizens.bank

Citizens National Corp provides banking services. The company provides all necessary banking services and products to its customers. Its deposit products are checking, savings, and term certificate accounts, and its lending products are residential mortgage, commercial, and installment loans. Substantially all loans are secured by specific items of collateral including business assets, consumer assets, and commercial and residential real estate. Commercial loans are expected to be repaid from cash flow from the operations of businesses.

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