SSBK (Southern States Bancshares) Debt-to-Equity : 0.45 (As of Sep. 2024)

Southern States Bancshares Debt-to-Equity Chart

Southern States Bancshares 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															0.73	0.85	0.66	0.59	0.45

Competitive Comparison of Southern States Bancshares's Debt-to-Equity

For the Banks - Regional subindustry, Southern States Bancshares'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.

Southern States Bancshares's Debt-to-Equity Distribution in the Banks Industry

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

* The bar in red indicates where Southern States Bancshares's Debt-to-Equity falls into.

Southern States Bancshares Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Southern States Bancshares's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Southern States Bancshares'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.

Southern States Bancshares  (NAS:SSBK) 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.

Southern States Bancshares Debt-to-Equity Related Terms

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Southern States Bancshares Business Description