Foresight Financial Group (Foresight Financial Group) Debt-to-Equity : 2.00 (As of Dec. 2023)

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What is Foresight Financial Group Debt-to-Equity?

Foresight Financial Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.00 Mil. Foresight Financial Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $282.16 Mil. Foresight Financial Group's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $140.86 Mil. Foresight Financial Group's debt to equity for the quarter that ended in Dec. 2023 was 2.00.

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

FGFH' s Debt-to-Equity Range Over the Past 10 Years
Min: 1.2 Med: 1.74 Max: 2.23
Current: 2

During the past 10 years, the highest Debt-to-Equity Ratio of Foresight Financial Group was 2.23. The lowest was 1.20. And the median was 1.74.

FGFH's Debt-to-Equity is ranked worse than
83.56% of 1393 companies
in the Banks industry
Industry Median: 0.67 vs FGFH: 2.00

Foresight Financial Group Debt-to-Equity Historical Data

The historical data trend for Foresight 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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Foresight Financial Group Debt-to-Equity Chart

Foresight Financial Group Annual Data

Trend

Dec04

Dec05

Dec06

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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1.20

1.74

1.83

2.23

2.00

Foresight Financial Group Semi-Annual Data
	Dec04	Dec05	Dec06	Dec17	Dec18	Dec19	Dec20	Dec21	Dec22	Dec23
Debt-to-Equity	Get a 7-Day Free Trial					1.20	1.74	1.83	2.23	2.00

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

For the Banks - Regional subindustry, Foresight 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.

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

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

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

Foresight Financial Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Foresight Financial Group'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
	=	(0	+	282.159)	/	140.863
	=	2.00

Foresight Financial Group's Debt to Equity Ratio for the quarter 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
	=	(0	+	282.159)	/	140.863
	=	2.00

Foresight Financial Group (OTCPK:FGFH) 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.

Foresight Financial Group Debt-to-Equity Related Terms

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Foresight Financial Group (Foresight Financial Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Foresight Financial Group (OTCPK:FGFH) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

809 Cannell-Puri Court, P.O. Box 339, Suite 5, Winnebago, IL, USA, 61088

Website

https://www.foresightfg.com

Foresight Financial Group is a bank holding company. It is established under the Federal Reserve with offices in the Northern Illinois counties of Winnebago, Stephenson, and Kankakee. Holdings of the company include German American State Bank located in German Valley, Pecatonica, Seward, and Winnebago; State Bank of Davis located in Davis and Kankakee; State Bank located in Freeport; Lena State Bank located in Lena; Northwest Bank located in Rockford, Loves Park, and Machesney Park; and State Bank of Herscher located in Herscher and Kankakee.

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