MFGI (Merchants Financial Group) Debt-to-Equity : 0.17 (As of Sep. 2024)

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What is Merchants Financial Group Debt-to-Equity?

Merchants Financial Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $0.00 Mil. Merchants Financial Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $45.63 Mil. Merchants Financial Group's Total Stockholders Equity for the quarter that ended in Sep. 2024 was $277.37 Mil. Merchants Financial Group's debt to equity for the quarter that ended in Sep. 2024 was 0.16.

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

MFGI' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.17 Med: 0.21 Max: 0.34
Current: 0.17

During the past 4 years, the highest Debt-to-Equity Ratio of Merchants Financial Group was 0.34. The lowest was 0.17. And the median was 0.21.

MFGI's Debt-to-Equity is ranked better than
82.04% of 1453 companies
in the Banks industry
Industry Median: 0.63 vs MFGI: 0.17

Merchants Financial Group Debt-to-Equity Historical Data

The historical data trend for Merchants Financial Group'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.

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Merchants Financial Group Debt-to-Equity Chart

Merchants Financial Group Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Debt-to-Equity

0.34

0.28

0.24

0.22

Merchants Financial Group Quarterly Data
	Dec19	Dec20	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Jun24	Sep24
Debt-to-Equity	Get a 7-Day Free Trial							0.21	0.19	0.19	0.17	0.17

Competitive Comparison of Merchants Financial Group's Debt-to-Equity

For the Banks - Regional subindustry, Merchants Financial Group'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.

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

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

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

Merchants Financial Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Merchants Financial Group's Debt to Equity Ratio for the fiscal year that ended in Dec. 2022 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	+	53.374)	/	241.159
	=	0.22

Merchants Financial Group's Debt to Equity Ratio for the quarter that ended in Sep. 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	+	45.631)	/	277.374
	=	0.16

Merchants Financial Group (OTCPK:MFGI) 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.

Merchants Financial Group Debt-to-Equity Related Terms

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Merchants Financial Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Merchants Financial Group Inc (OTCPK:MFGI) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

102 East Third Street, Winona, MN, USA, 55987

Website

https://www.merchantsbank.com

Merchants Financial Group Inc is a bank holding company with one wholly-owned bank subsidiary, Merchants Bank, National Association. It provides retail, commercial loan, and deposit services principally to customers within a radius of its locations. The Bank has a leasing division, Merchants Bank Equipment Finance, which operates in the Minneapolis-St. Paul, Minnesota, metropolitan area.

Merchants Financial Group Headlines

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