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EBC (Eastern Bankshares) Debt-to-Equity : 0.03 (As of Dec. 2024)


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What is Eastern Bankshares Debt-to-Equity?

Eastern Bankshares's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2024 was $2.5 Mil. Eastern Bankshares's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2024 was $91.4 Mil. Eastern Bankshares's Total Stockholders Equity for the quarter that ended in Dec. 2024 was $3,612.0 Mil. Eastern Bankshares's debt to equity for the quarter that ended in Dec. 2024 was 0.03.

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 Eastern Bankshares's Debt-to-Equity or its related term are showing as below:

EBC' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01   Med: 0.02   Max: 0.3
Current: 0.03

During the past 7 years, the highest Debt-to-Equity Ratio of Eastern Bankshares was 0.30. The lowest was 0.01. And the median was 0.02.

EBC's Debt-to-Equity is ranked better than
96.64% of 1457 companies
in the Banks industry
Industry Median: 0.63 vs EBC: 0.03

Eastern Bankshares Debt-to-Equity Historical Data

The historical data trend for Eastern Bankshares'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.

Eastern Bankshares Debt-to-Equity Chart

Eastern Bankshares Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Debt-to-Equity
Get a 7-Day Free Trial 0.01 0.01 0.30 0.02 0.03

Eastern Bankshares 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 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 0.02 0.02 0.02 0.02 0.03

Competitive Comparison of Eastern Bankshares's Debt-to-Equity

For the Banks - Regional subindustry, Eastern Bankshares'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.


Eastern Bankshares's Debt-to-Equity Distribution in the Banks Industry

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

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


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Eastern Bankshares Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Eastern Bankshares's Debt to Equity Ratio for the fiscal year that ended in Dec. 2024 is calculated as

Eastern Bankshares's Debt to Equity Ratio for the quarter that ended in Dec. 2024 is calculated as

* 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.


Eastern Bankshares  (NAS:EBC) 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.


Eastern Bankshares Debt-to-Equity Related Terms

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


Eastern Bankshares Business Description

Traded in Other Exchanges
Address
125 High Street, Boston, MA, USA, 02110
Eastern Bankshares Inc is a commercial bank that caters its products and services to retail, commercial, and small business customers. Its diversified products and services include lending, deposit, wealth management, and insurance products. The company has one operating segment; Banking business which offers a range of banking lending, savings, and small business offerings, and its wealth management and trust operations.
Executives
Deborah C Jackson director C/O JOHN HANCOCK, 601 CONGRESS STREET, BOSTON MA 02210
Luis Borgen director 58 SUNSET RIDGE LANE, BOLTON MA 01740
Quincy Lee Miller officer: President 3 BEECHWOOD LANE, MILTON MA 02186
Bari A Harlam director C/O MOHAWK GROUP HOLDINGS, INC., 37 EAST 18TH STREET, 7TH FLOOR, NEW YORK NY 10003
Nancy Huntington Stager officer: Executive VP 42 AUTUMN LANE, READING MA 01867
Linda Marie Williams director C/O SMILEDIRECTCLUB, INC., 414 UNION STREET, NASHVILLE TN 37219
Marisa Harney director C/O CIT GROUP INC., 1 CIT DRIVE, #3251-9, LIVINGSTON NJ 07039
Gregory Paul Buscone officer: EVP Sr Commercial Banking Ofcr 86 PINE STREET, MEDFIELD MA 02052
Shell Greg Allen Sr. director 200 CLARENDON STREET, BOSTON MA 02116
James Burke Fitzgerald officer: Chief Financial Officer 108 MOUNT VERNON STREET, APARTMENT 6, BOSTON MA 02108
Sujata Yadav officer: EVP, Chief Marketing Officer 19 ORCHARD LANE, LYNNFIELD MA 01940
Matthew Adam Osborne officer: EVP Sr Commercial Banking Ofcr 11 RAVEN ROAD, CANTON MA 02021
Martha A Dean officer: EVP, Dir. of Operations C/O CNB FINANCIAL CORP., P.O. BOX 830, WORCESTER MA 01613-0830
Daniel J Sullivan officer: Chief Credit Officer 4 KENSINGTON AVENUE, READING MA 01867
Kathleen Cloherty Henry officer: Executive VP, General Counsel 58 MONTCLAIR AVENUE, WEST ROXBURY MA 02132