Northeast Indiana Bancorp (Northeast Indiana Bancorp) Debt-to-Equity : 0.74 (As of Dec. 2022)

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What is Northeast Indiana Bancorp Debt-to-Equity?

Northeast Indiana Bancorp's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2022 was $0.00 Mil. Northeast Indiana Bancorp's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2022 was $32.00 Mil. Northeast Indiana Bancorp's Total Stockholders Equity for the quarter that ended in Dec. 2022 was $43.13 Mil. Northeast Indiana Bancorp's debt to equity for the quarter that ended in Dec. 2022 was 0.74.

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

NIDB' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.29 Med: 0.83 Max: 1.72
Current: 0.74

During the past 13 years, the highest Debt-to-Equity Ratio of Northeast Indiana Bancorp was 1.72. The lowest was 0.29. And the median was 0.83.

NIDB's Debt-to-Equity is ranked worse than
51.8% of 1392 companies
in the Banks industry
Industry Median: 0.68 vs NIDB: 0.74

Northeast Indiana Bancorp Debt-to-Equity Historical Data

The historical data trend for Northeast Indiana Bancorp'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.

Northeast Indiana Bancorp Debt-to-Equity Chart

Northeast Indiana Bancorp Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Debt-to-Equity

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1.61

1.12

0.83

0.29

0.74

Northeast Indiana Bancorp Semi-Annual Data
	Dec02	Dec03	Dec04	Dec05	Dec06	Dec07	Dec08	Dec09	Dec10	Dec11	Dec13	Dec14	Dec15	Dec16	Dec17	Dec18	Dec19	Dec20	Dec21	Dec22
Debt-to-Equity	Get a 7-Day Free Trial															1.61	1.12	0.83	0.29	0.74

Competitive Comparison of Northeast Indiana Bancorp's Debt-to-Equity

For the Banks - Regional subindustry, Northeast Indiana Bancorp'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.

Northeast Indiana Bancorp's Debt-to-Equity Distribution in the Banks Industry

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

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

Northeast Indiana Bancorp Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Northeast Indiana Bancorp'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	+	32)	/	43.127
	=	0.74

Northeast Indiana Bancorp's Debt to Equity Ratio for the quarter 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	+	32)	/	43.127
	=	0.74

Northeast Indiana Bancorp (OTCPK:NIDB) 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.

Northeast Indiana Bancorp Debt-to-Equity Related Terms

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Northeast Indiana Bancorp (Northeast Indiana Bancorp) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Northeast Indiana Bancorp Inc (OTCPK:NIDB) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

648 North Jefferson Street, P.O. Box 70, Huntington, IN, USA, 46750

Website

https://www.firstfedindiana.bank

Northeast Indiana Bancorp Inc is a part of the financial services domain. It acts as the holding company for First Federal Savings Bank, which provides commercial and residential real estate loans in the United States. The bank functions through the Residential Mortgage, Commercial Mortgage, Construction and land development, Commercial and Industrial, and Consumer Mortgage segments. The Commercial Mortgage segment accounts for a share of the company revenues. It provides services such as checking, commercial loans, credit cards, merchant services and cash management.

Executives

Dan L Stephan	director
Randy J Sizemore	officer: Senior Vice President	P O BOX 70, HUNTINGTON IN 46750
Michael S Zahn	director, officer: Senior Vice President	708 APPLEBY COURT, HUNTINGTON IN 46750
Thomas P Frantz	officer: Senior Vice President	648 N JEFFERSON STREET, HUNTINGTON IN 46750
Randall C Rider	director
J David Carnes	director
Dee Ann Hammel	officer: Senior Vice President	3102 ALSTON CT, HUNTINGTON IN 46750
Stephen E Zahn	director, 10 percent owner, officer: Chairman, President & CEO	648 NORTH JEFFERSON STREET, HUNTINGTON IN 46750
William A Zimmer	director