Equitable Financial (Equitable Financial) Debt-to-Equity : 0.34 (As of Jun. 2023)

View and export this data going back to 2005. Start your Free Trial

What is Equitable Financial Debt-to-Equity?

Equitable Financial's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was $0.69 Mil. Equitable Financial's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was $15.00 Mil. Equitable Financial's Total Stockholders Equity for the quarter that ended in Jun. 2023 was $46.46 Mil. Equitable Financial's debt to equity for the quarter that ended in Jun. 2023 was 0.34.

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

EQFN' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.13 Med: 0.24 Max: 0.62
Current: 0.34

During the past 12 years, the highest Debt-to-Equity Ratio of Equitable Financial was 0.62. The lowest was 0.13. And the median was 0.24.

EQFN's Debt-to-Equity is ranked better than
69.54% of 1392 companies
in the Banks industry
Industry Median: 0.65 vs EQFN: 0.34

Equitable Financial Debt-to-Equity Historical Data

The historical data trend for Equitable 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.

Equitable Financial Debt-to-Equity Chart

Equitable Financial Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-Equity

Get a 7-Day Free Trial

0.13

0.62

0.29

0.18

0.34

Equitable Financial Semi-Annual Data
	Jun06	Jun07	Jun14	Jun15	Jun16	Jun17	Jun18	Jun19	Jun20	Jun21	Jun22	Jun23
Debt-to-Equity	Get a 7-Day Free Trial							0.13	0.62	0.29	0.18	0.34

Competitive Comparison of Equitable Financial's Debt-to-Equity

For the Banks - Regional subindustry, Equitable 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.

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

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

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

Equitable Financial Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Equitable Financial's Debt to Equity Ratio for the fiscal year that ended in Jun. 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
	=	(0.685	+	15)	/	46.464
	=	0.34

Equitable Financial's Debt to Equity Ratio for the quarter that ended in Jun. 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
	=	(0.685	+	15)	/	46.464
	=	0.34

Equitable Financial (OTCPK:EQFN) 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.

Equitable Financial Debt-to-Equity Related Terms

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

Equitable Financial (Equitable Financial) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Equitable Financial Corp (OTCPK:EQFN) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

113 North Locust Street, PO Box 160, Grand Island, NE, USA, 68801

Website

https://www.equitableonline.com

Equitable Financial Corp is a holding company. The bank is engaged in the business of attracting deposits from the public and using those funds to originate commercial loans, agricultural loans, one- to four-family residential real estate loans and Other, these all activities are conducted through its main offices which are Located in Grand Island, North Platte, Omaha and Elkhorn, Nebraska.. The Bank's primary services include accepting deposits, making loans, and investing in securities. It also provides Advisory services and wealth management.

Executives

William B Westering	director	113 N LOCUST ST, GRAND ISLAND NE 68801
Wassinger Benedict P Jr	director	113-115 NORTH LOCUST STREET, GRAND ISLAND NE 68801
Thomas E Gdowski	director, officer: President and CEO	113-115 NORTH LOCUST STREET, GRAND ISLAND NE 68801
Douglas J Nodgaard	officer: Community Bank President	10855 W DODGE RD, STE 110, OMAHA NE 68154
Jack E Rasmussen	director	113-115 NORTH LOCUST STREET, GRAND ISLAND NE 68801
Douglas J Redman	director	113-115 NORTH LOCUST STREET, GRAND ISLAND NE 68801
Pamela L Price	director	113-115 NORTH LOCUST STREET, GRAND ISLAND NE 68801
Gary L Hedman	director	113-115 NORTH LOCUST STREET, GRAND ISLAND NE 68801
Vincent J Dugan	director	113-115 NORTH LOCUST STREET, GRAND ISLAND NE 68801
Darcy M Ray	officer: VP Finance and Controller	113 N LOCUST ST, GRAND ISLAND NE 68801
David Lee Richardson	director, officer: Community Bank President	113 N LOCUST ST, GRAND ISLAND NE 68801
Levi D Fisher	director, officer: Community Bank President	920 S JEFFERS ST, NORTH PLATTE NE 69101

Equitable Financial (Equitable Financial) Headlines

From GuruFocus

Equitable Financial Corp. Announces Voluntary Delisting from The Nasdaq Stock Market

By PRNewswire PRNewswire • 07-11-2018