Mercantile Bank (FRA:MCS) Debt-to-Equity : 1.09 (As of Mar. 2024)

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What is Mercantile Bank Debt-to-Equity?

Mercantile Bank's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was €0.0 Mil. Mercantile Bank's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was €539.1 Mil. Mercantile Bank's Total Stockholders Equity for the quarter that ended in Mar. 2024 was €493.7 Mil. Mercantile Bank's debt to equity for the quarter that ended in Mar. 2024 was 1.09.

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 Mercantile Bank's Debt-to-Equity or its related term are showing as below:

FRA:MCS' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.31 Med: 0.98 Max: 1.27
Current: 1.09

During the past 13 years, the highest Debt-to-Equity Ratio of Mercantile Bank was 1.27. The lowest was 0.31. And the median was 0.98.

FRA:MCS's Debt-to-Equity is ranked worse than
66.79% of 1397 companies
in the Banks industry
Industry Median: 0.65 vs FRA:MCS: 1.09

Mercantile Bank Debt-to-Equity Historical Data

The historical data trend for Mercantile Bank'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.

Mercantile Bank Debt-to-Equity Chart

Mercantile Bank Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.96

1.00

1.09

1.01

1.16

Mercantile Bank 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															1.10	1.27	1.23	1.16	1.09

Competitive Comparison of Mercantile Bank's Debt-to-Equity

For the Banks - Regional subindustry, Mercantile Bank'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.

Mercantile Bank's Debt-to-Equity Distribution in the Banks Industry

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

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

Mercantile Bank Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Mercantile Bank'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	+	556.183)	/	478.807
	=	1.16

Mercantile Bank'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
	=	(0	+	539.079)	/	493.712
	=	1.09

Mercantile Bank (FRA:MCS) 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.

Mercantile Bank Debt-to-Equity Related Terms

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Mercantile Bank (FRA:MCS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Mercantile Bank Corp (FRA:MCS) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

MBWM:USA

Address

310 Leonard Street NW, Grand Rapids, MI, USA, 49504

Website

https://www.mercbank.com

Mercantile Bank Corp operates as a bank holding company. The bank provides a variety of commercial banking services to individuals, businesses, governmental units, and other institutions. It provides banking services offering deposit products including checking, savings, and term certificate accounts, and lending products including commercial, residential mortgage, and installment loans. The company generates revenue from interest and dividends earned on loans, securities, and other financial instruments.