First Greenwich Financial (First Greenwich Financial) Debt-to-Equity : 1.14 (As of Sep. 2019)

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What is First Greenwich Financial Debt-to-Equity?

First Greenwich Financial's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2019 was $0.00 Mil. First Greenwich Financial's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2019 was $38.80 Mil. First Greenwich Financial's Total Stockholders Equity for the quarter that ended in Sep. 2019 was $34.15 Mil. First Greenwich Financial's debt to equity for the quarter that ended in Sep. 2019 was 1.14.

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

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

First Greenwich Financial Debt-to-Equity Historical Data

The historical data trend for First Greenwich 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.

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First Greenwich Financial Debt-to-Equity Chart

First Greenwich Financial Annual Data

Trend

Debt-to-Equity

First Greenwich Financial Semi-Annual Data
	Sep19
Debt-to-Equity	1.14

Competitive Comparison of First Greenwich Financial's Debt-to-Equity

For the Banks - Regional subindustry, First Greenwich 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.

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

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

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

First Greenwich Financial Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

First Greenwich Financial's Debt to Equity Ratio for the fiscal year that ended in . 20 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
	=	(	+	)	/	N/A
	=	N/A

First Greenwich Financial's Debt to Equity Ratio for the quarter that ended in Sep. 2019 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	+	38.8)	/	34.145
	=	1.14

First Greenwich Financial (OTCPK:FGFI) 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.

First Greenwich Financial Debt-to-Equity Related Terms

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First Greenwich Financial (First Greenwich Financial) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » First Greenwich Financial Inc (OTCPK:FGFI) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

444 East Putnam Avenue, Cos Cob, CT, USA, 06807

Website

https://www.greenwichfirst.com

First Greenwich Financial Inc is a United States-based company engaged in attracting deposits from the general public and investing those deposits in residential & commercial real estate loans and consumer & small business loans. It offers services including Certificate of Deposit, Checking, Courier Service, Online Banking, Retirement Accounts, and Lending services, among others.

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