Blue Foundry Bancorp (Blue Foundry Bancorp) Debt-to-Equity : 1.19 (As of Dec. 2023)

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What is Blue Foundry Bancorp Debt-to-Equity?

Blue Foundry Bancorp's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.00 Mil. Blue Foundry Bancorp's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $424.28 Mil. Blue Foundry Bancorp's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $355.64 Mil. Blue Foundry Bancorp's debt to equity for the quarter that ended in Dec. 2023 was 1.19.

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

BLFY' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.49 Med: 1.19 Max: 1.73
Current: 1.19

During the past 5 years, the highest Debt-to-Equity Ratio of Blue Foundry Bancorp was 1.73. The lowest was 0.49. And the median was 1.19.

BLFY's Debt-to-Equity is ranked worse than
69.56% of 1393 companies
in the Banks industry
Industry Median: 0.69 vs BLFY: 1.19

Blue Foundry Bancorp Debt-to-Equity Historical Data

The historical data trend for Blue Foundry 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.

* Premium members only.

Blue Foundry Bancorp Debt-to-Equity Chart

Blue Foundry Bancorp Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

1.25

1.73

0.49

0.86

1.19

Blue Foundry Bancorp Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial												0.86	1.17	1.17	1.20	1.19

Competitive Comparison of Blue Foundry Bancorp's Debt-to-Equity

For the Banks - Regional subindustry, Blue Foundry 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.

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

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

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

Blue Foundry Bancorp Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Blue Foundry 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	+	424.277)	/	355.64
	=	1.19

Blue Foundry Bancorp'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	+	424.277)	/	355.64
	=	1.19

Blue Foundry Bancorp (NAS:BLFY) 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.

Blue Foundry Bancorp Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Blue Foundry Bancorp's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Blue Foundry Bancorp (Blue Foundry Bancorp) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Blue Foundry Bancorp (NAS:BLFY) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

19 Park Avenue, Rutherford, NJ, USA, 07070

Website

https://www.bluefoundrybank.com

Blue Foundry Bancorp is a full-service bank. Its business consists of originating one-to-four-family residential, multi-family, and non-residential real estate mortgages, home equity loans and lines of credit, construction, and commercial and industrial loans. It attracts retail deposits from the general public in the areas surrounding its banking offices, through its borrowers, and through its online presence, offering a wide variety of deposit products. The bank also invests in securities. Its revenues are derived from interest on loans and, to a lesser extent, interest on mortgage-backed and other investment securities. The company's sources of funds are deposits, principal, and interest payments on loans, securities, and borrowings from the Federal Home Loan Bank of New York.

Executives

James Christopher Ely	director	19 PARK AVENUE, RUTHERFORD NJ 07070
Jonathan M. Shaw	director	19 PARK AVENUE, RUTHERFORD NJ 07070
Elizabeth Varki Jobes	director	640 LEE ROAD, CHESTERBROOK PA 19087
Robert Thomas Goldstein	director	19 PARK AVENUE, RUTHERFORD NJ 07070
Kenneth Grimbilas	director	19 PARK AVENUE, RUTHERFORD NJ 07070
Jason M. Goldberg	officer: EVP and Chief Lending Officer	19 PARK AVENUE, RUTHERFORD NJ 07070
James D Nesci	director, officer: President and CEO	830 BERGEN AVENUE, JERSEY CITY NJ 07306
Robert Rowe	officer: EVP and Chief Risk Officer	C/O CIT GROUP INC., ATTN:GENERAL COUNSEL, 1 CIT DRIVE, LIVINGSTON NJ 07039
Patrick H. Kinzler	director	19 PARK AVENUE, RUTHERFORD NJ 07070
Margaret Letsche	director	19 PARK AVENUE, RUTHERFORD NJ 07070
Kelly Pecoraro	officer: EVP and CFO	19 PARK AVENUE, RUTHERFORD NJ 07070
Alexander Agnoletto	officer: Controller and Interim CFO	19 PARK AVENUE, RUTHERFORD NJ 07070
Brent Michael Ciurlino	officer: EVP and CCO	19 PARK AVENUE, RUTHERFORD NJ 07070
Elizabeth Marie Miller	officer: EVP and CRO	19 PARK AVENUE, RUTHERFORD NJ 07070
Aleksander Malkiman	officer: EVP and Chief Tech Officer	19 PARK AVENUE, RUTHERFORD NJ 07070