GBNY (Generations Bancorp NY) Debt-to-Equity : 0.60 (As of Jun. 2024)

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What is Generations Bancorp NY Debt-to-Equity?

Generations Bancorp NY's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was $0.00 Mil. Generations Bancorp NY's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was $21.32 Mil. Generations Bancorp NY's Total Stockholders Equity for the quarter that ended in Jun. 2024 was $35.55 Mil. Generations Bancorp NY's debt to equity for the quarter that ended in Jun. 2024 was 0.60.

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 Generations Bancorp NY's Debt-to-Equity or its related term are showing as below:

GBNY' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.27 Med: 0.6 Max: 1.14
Current: 0.6

During the past 10 years, the highest Debt-to-Equity Ratio of Generations Bancorp NY was 1.14. The lowest was 0.27. And the median was 0.60.

GBNY's Debt-to-Equity is ranked better than
52.24% of 1449 companies
in the Banks industry
Industry Median: 0.64 vs GBNY: 0.60

Generations Bancorp NY Debt-to-Equity Historical Data

The historical data trend for Generations Bancorp NY'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.

Generations Bancorp NY Debt-to-Equity Chart

Generations Bancorp NY Annual Data

Trend

Dec04

Dec05

Dec06

Dec07

Dec08

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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1.14

0.97

0.41

0.71

0.63

Generations Bancorp NY Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Debt-to-Equity	Get a 7-Day Free Trial															0.53	0.70	0.63	0.69	0.60

Competitive Comparison of Generations Bancorp NY's Debt-to-Equity

For the Banks - Regional subindustry, Generations Bancorp NY'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.

Generations Bancorp NY's Debt-to-Equity Distribution in the Banks Industry

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

* The bar in red indicates where Generations Bancorp NY's Debt-to-Equity falls into.

Generations Bancorp NY Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Generations Bancorp NY'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	+	23.577)	/	37.698
	=	0.63

Generations Bancorp NY's Debt to Equity Ratio for the quarter that ended in Jun. 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	+	21.316)	/	35.546
	=	0.60

Generations Bancorp NY (NAS:GBNY) 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.

Generations Bancorp NY Debt-to-Equity Related Terms

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Generations Bancorp NY Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Generations Bancorp NY Inc (NAS:GBNY) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

20 East Bayard Street, Seneca Falls, New York, NY, USA, 13148

Website

https://www.mygenbank.com

Generations Bancorp NY Inc is a stock holding company whose business consists of attracting retail deposits investing those in mortgage loans, manufactured homes, real estate, home equity, commercial, construction, and multi-family loans. It has three segments community banking, insurance agency, and municipal banking segments. It generates the majority of its revenue from Community banking Which provides financial services to consumers and businesses principally in the Finger Lakes Region and Orleans County of New York State.

Executives

Bradford M Jones	director, other: Chairman of the Board	19 CAYUGA STREET, SENECA FALLS NY 13148
Frank Nicchi	director	19 CAYUGA STREET, SENECA FALLS NY 13148
Menzo D Case	director, officer: President and CEO	19 CAYUGA STREET, SENECA FALLS NY 13148
Cynthia S Aikman	director	20 EAST BAYARD STREET, SENECA FALLS NY 13148
Derek M Dyson	officer: SVP, Chief Information Officer	20 EAST BAYARD STREET, SENECA FALLS NY 13148
Alicia H Pender	director	45 SOUTH MAIN STREET, FAIRPORT NY 14450
Anthony G Cutrona	officer: SVP, Growth & Profitability	20 EAST BAYARD STREET, SENECA FALLS NY 13148
Angela M Krezmer	officer: SVP and CFO	45 SOUTH MAIN STREET, FAIRPORT NY 14450
Kenneth Vincent Winn	officer: SVP Credit Administration	220 LIBERTY STREET, WARSAW NY 14569
Gerald Macaluso	director	19 CAYUGA STREET, SENECA FALLS NY 13148
August P Sinicropi	director	19 CAYUGA STREET, SENECA FALLS NY 13148
Jose A Acevedo	director	20 EAST BAYARD STREET, SENECA FALLS NY 13148
James Elsworth Gardner	director	20 EAST BAYARD STREET, SENECA FALLS NY 13148