Farmers and Merchants Bancshares (MD) (Farmers and Merchants Bancshares (MD)) Debt-to-Equity : 0.33 (As of Mar. 2024)

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What is Farmers and Merchants Bancshares (MD) Debt-to-Equity?

Farmers and Merchants Bancshares (MD)'s Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $0.00 Mil. Farmers and Merchants Bancshares (MD)'s Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $17.74 Mil. Farmers and Merchants Bancshares (MD)'s Total Stockholders Equity for the quarter that ended in Mar. 2024 was $53.08 Mil. Farmers and Merchants Bancshares (MD)'s debt to equity for the quarter that ended in Mar. 2024 was 0.33.

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 Farmers and Merchants Bancshares (MD)'s Debt-to-Equity or its related term are showing as below:

FMFG' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.33 Med: 0.39 Max: 0.74
Current: 0.33

During the past 8 years, the highest Debt-to-Equity Ratio of Farmers and Merchants Bancshares (MD) was 0.74. The lowest was 0.33. And the median was 0.39.

FMFG's Debt-to-Equity is ranked better than
70.02% of 1391 companies
in the Banks industry
Industry Median: 0.65 vs FMFG: 0.33

Farmers and Merchants Bancshares (MD) Debt-to-Equity Historical Data

The historical data trend for Farmers and Merchants Bancshares (MD)'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.

Farmers and Merchants Bancshares (MD) Debt-to-Equity Chart

Farmers and Merchants Bancshares (MD) Annual Data

Trend

Dec02

Dec03

Dec04

Dec05

Dec06

Dec21

Dec22

Dec23

Debt-to-Equity

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0.39

0.74

0.35

Farmers and Merchants Bancshares (MD) Quarterly Data
	Jun05	Sep05	Dec05	Mar06	Jun06	Sep06	Dec06	Mar07	Jun07	Sep07	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															0.49	0.57	0.39	0.35	0.33

Competitive Comparison of Farmers and Merchants Bancshares (MD)'s Debt-to-Equity

For the Banks - Regional subindustry, Farmers and Merchants Bancshares (MD)'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.

Farmers and Merchants Bancshares (MD)'s Debt-to-Equity Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Farmers and Merchants Bancshares (MD)'s Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Farmers and Merchants Bancshares (MD)'s Debt-to-Equity falls into.

Farmers and Merchants Bancshares (MD) Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Farmers and Merchants Bancshares (MD)'s Debt to Equity Ratio for the fiscal year that ended in Dec. 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
	=	(0	+	18.212)	/	52.178
	=	0.35

Farmers and Merchants Bancshares (MD)'s Debt to Equity Ratio for the quarter that ended in Mar. 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
	=	(0	+	17.742)	/	53.077
	=	0.33

Farmers and Merchants Bancshares (MD) (OTCPK:FMFG) 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.

Farmers and Merchants Bancshares (MD) Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Farmers and Merchants Bancshares (MD)'s Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Farmers and Merchants Bancshares (MD) (Farmers and Merchants Bancshares (MD)) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Farmers and Merchants Bancshares Inc (MD) (OTCPK:FMFG) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

15226 Hanover Pike, Upperco, MD, USA, 21155

Website

http://www.farmersandmerchantsbk.com

Farmers and Merchants Bancshares Inc (MD) is an independent community bank, offering a broad range of financial services. The Bank operates five banking offices located in Northern Baltimore County and Carroll County, Maryland. It provides services of checking accounts, saving accounts, re-order checks and among others.