PMHG (Prime Meridian Holding Co) Debt-to-Equity : 0.16 (As of Sep. 2024)

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What is Prime Meridian Holding Co Debt-to-Equity?

Prime Meridian Holding Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $1.34 Mil. Prime Meridian Holding Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $12.86 Mil. Prime Meridian Holding Co's Total Stockholders Equity for the quarter that ended in Sep. 2024 was $88.50 Mil. Prime Meridian Holding Co'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 Prime Meridian Holding Co's Debt-to-Equity or its related term are showing as below:

PMHG' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.12 Max: 0.53
Current: 0.16

During the past 11 years, the highest Debt-to-Equity Ratio of Prime Meridian Holding Co was 0.53. The lowest was 0.01. And the median was 0.12.

PMHG's Debt-to-Equity is ranked better than
83.51% of 1449 companies
in the Banks industry
Industry Median: 0.63 vs PMHG: 0.16

Prime Meridian Holding Co Debt-to-Equity Historical Data

The historical data trend for Prime Meridian Holding Co'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.

Prime Meridian Holding Co Debt-to-Equity Chart

Prime Meridian Holding Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.08

0.12

0.17

0.26

Prime Meridian Holding Co 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															0.39	0.26	0.29	0.17	0.16

Competitive Comparison of Prime Meridian Holding Co's Debt-to-Equity

For the Banks - Regional subindustry, Prime Meridian Holding Co'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.

Prime Meridian Holding Co's Debt-to-Equity Distribution in the Banks Industry

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

* The bar in red indicates where Prime Meridian Holding Co's Debt-to-Equity falls into.

Prime Meridian Holding Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Prime Meridian Holding Co'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
	=	(2.377	+	18.013)	/	79.976
	=	0.25

Prime Meridian Holding Co'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
	=	(1.338	+	12.857)	/	88.498
	=	0.16

Prime Meridian Holding Co (OTCPK:PMHG) 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.

Prime Meridian Holding Co Debt-to-Equity Related Terms

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Prime Meridian Holding Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Prime Meridian Holding Co (OTCPK:PMHG) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

1471 Timberlane Road, Tallahassee, FL, USA, 32312

Website

https://www.primemeridianbank.com

Prime Meridian Holding Co is a bank holding company. Its services portfolio includes mobile banking, mobile deposit, Apple Pay, Bank-to-Bank transfers, online banking, demand interest-bearing, and non-interest-bearing accounts, and savings accounts, among others. It also offers commercial real estate loans, residential and home equity loans, construction loans, commercial loans, and consumer and other loans. The majority of revenues are derived from interest income and fees on loans, interest, and dividends from investment securities, and service charge income generated from demand accounts, ATM fees, and other services.