Unity Bancorp (FRA:UTB) Debt-to-Equity : 1.16 (As of Mar. 2024)

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What is Unity Bancorp Debt-to-Equity?

Unity Bancorp's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was €0.00 Mil. Unity Bancorp's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was €284.93 Mil. Unity Bancorp's Total Stockholders Equity for the quarter that ended in Mar. 2024 was €245.42 Mil. Unity Bancorp's debt to equity for the quarter that ended in Mar. 2024 was 1.16.

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 Unity Bancorp's Debt-to-Equity or its related term are showing as below:

FRA:UTB' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.23 Med: 1.37 Max: 2.42
Current: 1.16

During the past 13 years, the highest Debt-to-Equity Ratio of Unity Bancorp was 2.42. The lowest was 0.23. And the median was 1.37.

FRA:UTB's Debt-to-Equity is ranked worse than
68.77% of 1396 companies
in the Banks industry
Industry Median: 0.65 vs FRA:UTB: 1.16

Unity Bancorp Debt-to-Equity Historical Data

The historical data trend for Unity Bancorp'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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Unity Bancorp Debt-to-Equity Chart

Unity Bancorp Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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1.83

1.22

0.27

1.64

1.40

Unity Bancorp 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															1.60	1.78	1.58	1.40	1.16

Competitive Comparison of Unity Bancorp's Debt-to-Equity

For the Banks - Regional subindustry, Unity Bancorp'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.

Unity Bancorp's Debt-to-Equity Distribution in the Banks Industry

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

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

Unity Bancorp Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Unity Bancorp'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	+	336.308)	/	239.731
	=	1.40

Unity Bancorp'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	+	284.93)	/	245.42
	=	1.16

Unity Bancorp (FRA:UTB) 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.

Unity Bancorp Debt-to-Equity Related Terms

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Unity Bancorp (FRA:UTB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Unity Bancorp Inc (FRA:UTB) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

UNTY:USA

Address

64 Old Highway 22, Clinton, NJ, USA, 08809

Website

http://www.unitybank.com

Unity Bancorp Inc is a bank holding company that serves as a holding company for Unity Bank. It conducts a traditional and community-oriented commercial banking business and offers services, including personal and business checking accounts, time deposits, money market accounts and regular savings accounts. The company structures its specific services and charges in a manner designed to attract the business of the small and medium sized business and professional community, as well as that of individuals residing, working and shopping in its service area. The company engages in a wide range of lending activities and offers commercial, Small Business Administration, consumer, mortgage, home equity and personal loans.

Unity Bancorp (FRA:UTB) Headlines

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