Sturgis Bancorp (Sturgis Bancorp) Debt-to-Equity : 0.98 (As of Dec. 2023)

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What is Sturgis Bancorp Debt-to-Equity?

Sturgis Bancorp's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.00 Mil. Sturgis Bancorp's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $54.84 Mil. Sturgis Bancorp's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $55.77 Mil. Sturgis Bancorp's debt to equity for the quarter that ended in Dec. 2023 was 0.98.

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

STBI' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.93 Med: 1.54 Max: 1.98
Current: 0.98

During the past 13 years, the highest Debt-to-Equity Ratio of Sturgis Bancorp was 1.98. The lowest was 0.93. And the median was 1.54.

STBI's Debt-to-Equity is ranked worse than
63.15% of 1392 companies
in the Banks industry
Industry Median: 0.68 vs STBI: 0.98

Sturgis Bancorp Debt-to-Equity Historical Data

The historical data trend for Sturgis 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.

Sturgis Bancorp Debt-to-Equity Chart

Sturgis Bancorp Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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1.61

1.62

1.98

1.63

0.98

Sturgis Bancorp Quarterly Data
	Mar19	Jun19	Sep19	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															1.63	0.47	0.64	0.45	0.98

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

For the Banks - Regional subindustry, Sturgis 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.

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

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

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

Sturgis Bancorp Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Sturgis 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	+	54.836)	/	55.768
	=	0.98

Sturgis 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	+	54.836)	/	55.768
	=	0.98

Sturgis Bancorp (OTCPK:STBI) 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.

Sturgis Bancorp Debt-to-Equity Related Terms

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Sturgis Bancorp (Sturgis Bancorp) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Sturgis Bancorp Inc (OTCPK:STBI) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

113-125 East Chicago Road, Sturgis, MI, USA, 49091

Website

https://www.sturgis.bank

Sturgis Bancorp Inc operates as a bank holding company. Its primary services include accepting deposits, making commercial and mortgage loans, engaging in mortgage banking activities, and providing investment brokerage advisory services. The majority of the revenues come from interest income and other sources, including loans, leases, securities, and derivatives.

Executives

Eric L Eishen	director, officer: President/CEO	284 KRUSZKA, BRONSON MI 49091
David E Watters	officer: Vice President/Trust Officer	P O BOX 304, STURGIS MI 49091
Philip G Ward	director	1000 S LAKEVIEW, STURGIS MI 49091
Gary E Metz	officer: Vice President	P O BOX 344, CENTREVILLE MI 49032
Dresser Raymond H Jr	director	112 SOUTH MONROE STREET, STURGIS MI 49091
Leonard L Eishen	director	66002 KNOLLWOOD DRIVE, STURGIS MI 49091
Janet M Stahl	officer: Vice President	29601 WITT LAKE ROAD, STURGIS, STURGIS MI 49091