Southern First Bancshares (Southern First Bancshares) Debt-to-Equity : 1.00 (As of Dec. 2023)

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What is Southern First Bancshares Debt-to-Equity?

Southern First Bancshares's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.00 Mil. Southern First Bancshares's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $311.32 Mil. Southern First Bancshares's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $312.47 Mil. Southern First Bancshares's debt to equity for the quarter that ended in Dec. 2023 was 1.00.

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 Southern First Bancshares's Debt-to-Equity or its related term are showing as below:

SFST' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.13 Med: 0.71 Max: 1.79
Current: 0.88

During the past 13 years, the highest Debt-to-Equity Ratio of Southern First Bancshares was 1.79. The lowest was 0.13. And the median was 0.71.

SFST's Debt-to-Equity is ranked worse than
63.82% of 1393 companies
in the Banks industry
Industry Median: 0.69 vs SFST: 0.88

Southern First Bancshares Debt-to-Equity Historical Data

The historical data trend for Southern First Bancshares'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.

Southern First Bancshares Debt-to-Equity Chart

Southern First Bancshares Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.71

0.27

0.13

0.72

1.00

Southern First Bancshares 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															0.54	0.72	1.02	1.00	0.88

Competitive Comparison of Southern First Bancshares's Debt-to-Equity

For the Banks - Regional subindustry, Southern First Bancshares'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.

Southern First Bancshares's Debt-to-Equity Distribution in the Banks Industry

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

* The bar in red indicates where Southern First Bancshares's Debt-to-Equity falls into.

Southern First Bancshares Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Southern First Bancshares'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	+	311.322)	/	312.467
	=	1.00

Southern First Bancshares'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	+	311.322)	/	312.467
	=	1.00

Southern First Bancshares (NAS:SFST) 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.

Southern First Bancshares Debt-to-Equity Related Terms

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

Southern First Bancshares (Southern First Bancshares) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Southern First Bancshares Inc (NAS:SFST) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

6 Verdae Boulevard, Greenville, SC, USA, 29607

Website

https://www.southernfirst.com

Southern First Bancshares Inc is a bank holding company. The primary business of the company is to serve as the holding company for Southern First Bank. The Bank is engaged in the business of accepting demand deposits and savings deposits insured by the Federal Deposit Insurance Corp and providing commercial, consumer, and mortgage loans to the general public. The operating segments of the company are Commercial and Retail Banking, Mortgage Banking, and Corporate Operations, of which a majority of the revenue is derived from the Commercial and Retail Banking segment which includes the provision of traditional deposit and lending products and services to its commercial and retail banking clients.

Executives

David G Ellison	director	P.O. BOX 17465, GREENVILLE SC 29606
Anna T Locke	director	P.O. BOX 17465, GREENVILLE SC 29606
David Andrew Borrmann	officer: Chief Financial Officer	P.O. BOX 17465, GREENVILLE SC 29606
Silvia T King	officer: EVP, Chief Human Resource Off	P.O. BOX 17465, GREENVILLE SC 29606
Tecumseh Jr Hooper	director
Calvin C Hurst	officer: Chief Banking Officer	P.O. BOX 17465, GREENVILLE SC 29606
Seaver R Arthur Jr	officer: Chief Executive Officer	P.O. BOX 17465, GREENVILLE SC 29606
Aiken William M. Iii	officer: Chief Risk Officer	PO BOX 17465, GREENVILLE SC 29606
Mark A Cothran	director
Terry Grayson-caprio	director	P.O. BOX 17465, GREENVILLE SC 29606
Anne S Ellefson	director
Ray Lattimore	director	P.O. BOX 17465, GREENVILLE SC 29606
William Iv Maner	director	P.O. BOX 17465, GREENVILLE SC 29606
Michael D Dowling	officer: Executive Vice President, CFO	P.O. BOX 17465, GREENVILLE SC 29606
Leighton M Cubbage	director	P.O. BOX 17465, GREENVILLE SC 29606