FineMark Holdings (FineMark Holdings) Debt-to-Equity : 2.30 (As of Mar. 2024)

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What is FineMark Holdings Debt-to-Equity?

FineMark Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $7.65 Mil. FineMark Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $748.50 Mil. FineMark Holdings's Total Stockholders Equity for the quarter that ended in Mar. 2024 was $329.38 Mil. FineMark Holdings's debt to equity for the quarter that ended in Mar. 2024 was 2.30.

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 FineMark Holdings's Debt-to-Equity or its related term are showing as below:

FNBT' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.68 Med: 1.37 Max: 3.24
Current: 2.3

During the past 8 years, the highest Debt-to-Equity Ratio of FineMark Holdings was 3.24. The lowest was 0.68. And the median was 1.37.

FNBT's Debt-to-Equity is ranked worse than
87.21% of 1392 companies
in the Banks industry
Industry Median: 0.66 vs FNBT: 2.30

FineMark Holdings Debt-to-Equity Historical Data

The historical data trend for FineMark Holdings'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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FineMark Holdings Debt-to-Equity Chart

FineMark Holdings Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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1.74

1.89

1.07

1.78

2.87

FineMark Holdings Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															2.25	3.18	3.24	2.87	2.30

Competitive Comparison of FineMark Holdings's Debt-to-Equity

For the Banks - Regional subindustry, FineMark Holdings'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.

FineMark Holdings's Debt-to-Equity Distribution in the Banks Industry

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

* The bar in red indicates where FineMark Holdings's Debt-to-Equity falls into.

FineMark Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

FineMark Holdings'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
	=	(6.264	+	843.967)	/	296.287
	=	2.87

FineMark Holdings's Debt to Equity Ratio for the quarter that ended in Mar. 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
	=	(7.652	+	748.5)	/	329.382
	=	2.30

FineMark Holdings (OTCPK:FNBT) 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.

FineMark Holdings Debt-to-Equity Related Terms

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FineMark Holdings (FineMark Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » FineMark Holdings Inc (OTCPK:FNBT) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

8695 College Parkway, Suite 100, Fort Myers, FL, USA, 33919

Website

https://www.finemarkbank.com

FineMark Holdings Inc operates as a bank holding company. Along with its subsidiaries, the bank offers a comprehensive array of banking, trust & investment services. Services offered by the bank include wealth management, personal banking, business banking, lending, financial planning, & investments. It also offers online access which comprises personal online banking, business online banking, client point, personal credit card, business platinum credit card, & business world credit card. The majority of the Company's revenues come from interest income and financial assets including loans, securities, derivatives, bank-owned life insurance, gain on sales of debt securities available for sale, and the gain on the termination of swap agreements outside the scope of the accounting guidance.

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