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HAFC (Hanmi Financial) Debt-to-Equity : 0.58 (As of Sep. 2024)


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What is Hanmi Financial Debt-to-Equity?

Hanmi Financial's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $212.5 Mil. Hanmi Financial's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $218.0 Mil. Hanmi Financial's Total Stockholders Equity for the quarter that ended in Sep. 2024 was $736.7 Mil. Hanmi Financial's debt to equity for the quarter that ended in Sep. 2024 was 0.58.

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

HAFC' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.04   Med: 0.45   Max: 0.76
Current: 0.58

During the past 13 years, the highest Debt-to-Equity Ratio of Hanmi Financial was 0.76. The lowest was 0.04. And the median was 0.45.

HAFC's Debt-to-Equity is ranked better than
52.89% of 1452 companies
in the Banks industry
Industry Median: 0.635 vs HAFC: 0.58

Hanmi Financial Debt-to-Equity Historical Data

The historical data trend for Hanmi Financial'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.

Hanmi Financial Debt-to-Equity Chart

Hanmi Financial Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.37 0.47 0.55 0.75 0.65

Hanmi Financial Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 0.44 0.65 0.43 0.60 0.58

Competitive Comparison of Hanmi Financial's Debt-to-Equity

For the Banks - Regional subindustry, Hanmi Financial'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.


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

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

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



Hanmi Financial Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Hanmi Financial's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Hanmi Financial's Debt to Equity Ratio for the quarter that ended in Sep. 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.


Hanmi Financial  (NAS:HAFC) 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.


Hanmi Financial Debt-to-Equity Related Terms

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


Hanmi Financial Business Description

Traded in Other Exchanges
Address
900 Wilshire Boulevard, Suite 1250, Los Angeles, CA, USA, 90017
Hanmi Financial Corp is a Los Angeles-based bank that caters to Korean-Americans and other multi-ethnic communities across California, Colorado, Georgia, Illinois, New Jersey, New York, Texas, Virginia, and Washington. The bank mainly focuses on small businesses and commercial and real estate loans. Hanmi also offers trade-finance products. The bank has several lending offices outside California and plans to expand outside the state mainly through acquisitions. The Bank's revenues are derived from interest and fees on loans, interest, and dividends on the securities portfolio, service charges on deposit accounts, and sales of SBA loans.
Executives
Romolo Santarosa officer: SEVP, Corp. Finance & Strategy 6538 VERDE RIDGE ROAD, RANCHO PALOS VERDES CA 90275
Harry Chung director C/O IMPERIAL CAPITAL GROUP, INC., 2000 AVENUE OF THE STARS, 9TH FL. SOUTH, LOS ANGELES CA 90067
Michael Yang director 3660 WILSHIRE BLVD., PH-A, LOS ANGELES CA 90010
Gloria J Lee director 900 WILSHIRE BLVD., SUITE 1250, LOS ANGELES CA 90017
Joseph Pangrazio officer: Chief Accounting Officer 900 WILSHIRE BLVD., SUITE 1250, LOS ANGELES CA 90017
Gideon Yu director 3660 WILSHIRE BLVD., PH-A, LOS ANGELES CA 90010
John J Ahn director 150 SOUTH FIFTH STREET, SUITE 1360, MINNEAPOLIS MN 55402
Patrick M Carr officer: Chief Accounting Officer 3660 WILSHIRE BLVD., PH-A, LOS ANGELES CA 90010
Bonita Lee officer: SEVP & Chief Operating Officer 3731 WILSHIRE BLVD, SUITE 1000, LOS ANGELES CA 90010
David L Rosenblum director 3660 WILSHIRE BLVD., PH-A, LOS ANGELES CA 90010
Anthony I. Kim officer: Chief Banking Officer 3660 WILSHIRE BLVD., PH-A, LOS ANGELES CA 90010
Michael Du officer: Chief Risk Officer 3660 WILSHIRE BLVD., PH-A, LOS ANGELES CA 90010
Joseph K Rho director 3660 WILSHIRS BLVD PH-A, LOS ANGELES CA 90010
Scott Diehl director 3660 WILSHIRE BLVD., PH-A, LOS ANGELES CA 90010
Kiho Choi director 3435 WILSHIRE BLVD., SUITE 2240, LOS ANGELES CA 90010