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Liabilities-to-Assets is a solvency ratio indicating how much of the company’s assets are made of liabilities, calculated as total liabilities divided by total asset. Southern Michigan Bancorp's Total Liabilities for the quarter that ended in Dec. 2018 was $663.30 Mil. Southern Michigan Bancorp's Total Assets for the quarter that ended in Dec. 2018 was $738.83 Mil.
Therefore, Southern Michigan Bancorp's Liabilities-to-Assets Ratio for the quarter that ended in Dec. 2018 was 0.90.
Liabilities-to-Assets is a solvency ratio indicating how much of the company’s assets are made of liabilities. It can vary greatly across different industries, as they have different capital structure. A high Liabilities-to-Assets ratio (more leveraged) suggests that the company might have potential solvency problems, or even a signal of financial distress. Conversely, a low Liabilities-to-Assets ratio usually indicates a healthy financial situation. However, it may also suggest that the company is not expanding or not making good use of debt.
Southern Michigan Bancorp Liabilities-to-Assets Related Terms
Southern Michigan Bancorp Liabilities-to-Assets Historical Data
* 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.
SOMC vs UBNC, EMCF, AMRB: Liabilities-to-Assets Comparison
For the Banks - Regional subindustry, Southern Michigan Bancorp's Liabilities-to-Assets, along with its competitors' market caps and Liabilities-to-Assets 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 Michigan Bancorp Liabilities-to-Assets vs Banks Industry
For the Banks industry and Financial Services sector, Southern Michigan Bancorp's Liabilities-to-Assets distribution charts can be found below:
* The bar in red indicates where Southern Michigan Bancorp's Liabilities-to-Assets falls into.
Liabilities-to-Assets ratio measures the portion of the total liabilities to the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.
Liabilities-to-Assets ratio is calculated by dividing total liabilities by total asset.
Southern Michigan Bancorp's Liabilities-to-Assets Ratio for the fiscal year that ended in Dec. 2018 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 Michigan Bancorp (SOMC) has a Liabilities-to-Assets of 0.90 as of Dec. 2018. Liabilities-to-Assets equals total liabilities divided by total assets. It measures financial leverage. View historical data on Southern Michigan Bancorp and its competitors.
Is Southern Michigan Bancorp's Liabilities-to-Assets too high?
Southern Michigan Bancorp's current Liabilities-to-Assets is 0.90.
How does Southern Michigan Bancorp's Liabilities-to-Assets compare to UBNC and EMCF?
Southern Michigan Bancorp's Liabilities-to-Assets of 0.90 can be compared against companies in the Banks industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Liabilities-to-Assets for a Banks company?
A good Liabilities-to-Assets depends on the Banks industry context. However, Liabilities-to-Assets should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Liabilities-to-Assets mean?
A high Liabilities-to-Assets can signal that a stock is expensive relative to its fundamentals. Liabilities-to-Assets equals total liabilities divided by total assets. It measures financial leverage. View historical data on Southern Michigan Bancorp and its competitors. Southern Michigan Bancorp's current Liabilities-to-Assets is 0.90. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Southern Michigan Bancorp stock overvalued right now?
Southern Michigan Bancorp (SOMC) has a current Liabilities-to-Assets of 0.90. The current Liabilities-to-Assets is 0.90. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Liabilities-to-Assets calculated?
Liabilities-to-Assets is calculated from a company's financial statements. For Southern Michigan Bancorp (SOMC), the current Liabilities-to-Assets is 0.90 as of Dec. 2018. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Southern Michigan Bancorp Inc is a United States-based financial holding company. The majority of its operations are carried out by its banking subsidiary, which offers individuals, businesses, institutions, and government agencies a full range of commercial banking products and services. These products and services include time, savings, and demand deposits; safe deposit box services; automated teller machine services; loans, including both commercial and consumer; investment management; trustee services, etc. The Group mainly caters to the communities located in Michigan through its banking and loan production offices. It has one reportable operating segment: commercial banking.
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