Eastern Michigan Financial (Eastern Michigan Financial) Debt-to-Equity : 0.01 (As of Dec. 2006)

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What is Eastern Michigan Financial Debt-to-Equity?

Eastern Michigan Financial's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2006 was $0.00 Mil. Eastern Michigan Financial's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2006 was $0.29 Mil. Eastern Michigan Financial's Total Stockholders Equity for the quarter that ended in Dec. 2006 was $22.02 Mil. Eastern Michigan Financial's debt to equity for the quarter that ended in Dec. 2006 was 0.01.

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 Eastern Michigan Financial's Debt-to-Equity or its related term are showing as below:

EFIN's Debt-to-Equity is not ranked ^*
in the Banks industry.
Industry Median: 0.65
* Ranked among companies with meaningful Debt-to-Equity only.

Eastern Michigan Financial Debt-to-Equity Historical Data

The historical data trend for Eastern Michigan Financial'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.

Eastern Michigan Financial Debt-to-Equity Chart

Eastern Michigan Financial Annual Data

Trend

Dec02

Dec03

Dec04

Dec05

Dec06

Debt-to-Equity

0.01

Eastern Michigan Financial Semi-Annual Data
	Dec02	Dec03	Dec04	Dec05	Dec06
Debt-to-Equity	-	-	-	-	0.01

Competitive Comparison of Eastern Michigan Financial's Debt-to-Equity

For the Banks - Regional subindustry, Eastern Michigan Financial'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.

Eastern Michigan Financial's Debt-to-Equity Distribution in the Banks Industry

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

* The bar in red indicates where Eastern Michigan Financial's Debt-to-Equity falls into.

Eastern Michigan Financial Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Eastern Michigan Financial's Debt to Equity Ratio for the fiscal year that ended in Dec. 2006 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	+	0.285)	/	22.017
	=	0.01

Eastern Michigan Financial's Debt to Equity Ratio for the quarter that ended in Dec. 2006 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	+	0.285)	/	22.017
	=	0.01

Eastern Michigan Financial (OTCPK:EFIN) 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.

Eastern Michigan Financial Debt-to-Equity Related Terms

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Eastern Michigan Financial (Eastern Michigan Financial) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Eastern Michigan Financial Corp (OTCPK:EFIN) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

65 North Howard Avenue, Croswell, MI, USA, 48422

Website

https://www.emb.bank

Eastern Michigan Financial Corp is a bank holding company. The Company through its holding provides baking products and services including personal banking, business banking and lending including diversified loans. Personal banking includes debit and credit cards, mobile banking and deposit services where Business banking includes cash management and other business-related services. The portfolio segments include commercial and industrial, agricultural, real estate related industries, other commercial loans, residential real estate, consumer and other, and home equity.

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