MBOF (Marine Bancorp FLA) Debt-to-Equity : 0.91 (As of Dec. 2023)

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What is Marine Bancorp FLA Debt-to-Equity?

Marine Bancorp FLA's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.00 Mil. Marine Bancorp FLA's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $33.15 Mil. Marine Bancorp FLA's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $36.55 Mil. Marine Bancorp FLA's debt to equity for the quarter that ended in Dec. 2023 was 0.91.

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

MBOF' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.1 Med: 0.27 Max: 1.07
Current: 0.91

During the past 5 years, the highest Debt-to-Equity Ratio of Marine Bancorp FLA was 1.07. The lowest was 0.10. And the median was 0.27.

MBOF's Debt-to-Equity is ranked worse than
62.49% of 1445 companies
in the Banks industry
Industry Median: 0.63 vs MBOF: 0.91

Marine Bancorp FLA Debt-to-Equity Historical Data

The historical data trend for Marine Bancorp FLA'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.

Marine Bancorp FLA Debt-to-Equity Chart

Marine Bancorp FLA Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

0.27

0.23

0.10

1.07

0.91

Marine Bancorp FLA Semi-Annual Data
	Dec19	Dec20	Dec21	Dec22	Dec23
Debt-to-Equity	0.27	0.23	0.10	1.07	0.91

Competitive Comparison of Marine Bancorp FLA's Debt-to-Equity

For the Banks - Regional subindustry, Marine Bancorp FLA'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.

Marine Bancorp FLA's Debt-to-Equity Distribution in the Banks Industry

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

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

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Marine Bancorp FLA Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Marine Bancorp FLA'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	+	33.152)	/	36.552
	=	0.91

Marine Bancorp FLA's Debt to Equity Ratio for the quarter 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	+	33.152)	/	36.552
	=	0.91

Marine Bancorp FLA (OTCPK:MBOF) 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.

Marine Bancorp FLA Debt-to-Equity Related Terms

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

Marine Bancorp FLA Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Marine Bancorp FLA Inc (OTCPK:MBOF) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

571 Beachland Boulevard, Vero Beach, FL, USA, 32963

Website

https://www.marinebankandtrust.bank

Marine Bancorp FLA Inc, through its subsidiary, is engaged in providing banking and related services. The Bank offers a variety of community banking services to individuals and corporate customers. The company offers Checking, Loans, Debit cards, Credit cards, Commercial Loans, Merchant Services, Business savings and money markets, Mobile Banking and related services. The loan portfolio segment includes Commercial real estate, Residential real estate, Construction and land development, Commercial and Consumer.

Marine Bancorp FLA Headlines

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