Katahdin Bankshares (Katahdin Bankshares) Debt-to-Equity : 0.23 (As of Mar. 2024)

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What is Katahdin Bankshares Debt-to-Equity?

Katahdin Bankshares's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $0.00 Mil. Katahdin Bankshares's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $20.00 Mil. Katahdin Bankshares's Total Stockholders Equity for the quarter that ended in Mar. 2024 was $87.80 Mil. Katahdin Bankshares's debt to equity for the quarter that ended in Mar. 2024 was 0.23.

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 Katahdin Bankshares's Debt-to-Equity or its related term are showing as below:

KTHN' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.45 Max: 1.26
Current: 0.23

During the past 13 years, the highest Debt-to-Equity Ratio of Katahdin Bankshares was 1.26. The lowest was 0.00. And the median was 0.45.

KTHN's Debt-to-Equity is ranked better than
80.4% of 1393 companies
in the Banks industry
Industry Median: 0.68 vs KTHN: 0.23

Katahdin Bankshares Debt-to-Equity Historical Data

The historical data trend for Katahdin Bankshares'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.

Katahdin Bankshares Debt-to-Equity Chart

Katahdin Bankshares Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.86

0.45

0.27

0.29

0.36

Katahdin Bankshares 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															0.02	-	-	0.36	0.23

Competitive Comparison of Katahdin Bankshares's Debt-to-Equity

For the Banks - Regional subindustry, Katahdin Bankshares'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.

Katahdin Bankshares's Debt-to-Equity Distribution in the Banks Industry

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

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

Katahdin Bankshares Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Katahdin Bankshares'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	+	31.534)	/	87.806
	=	0.36

Katahdin Bankshares's Debt to Equity Ratio for the quarter that ended in Mar. 2024 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	+	20)	/	87.8
	=	0.23

Katahdin Bankshares (OTCPK:KTHN) 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.

Katahdin Bankshares Debt-to-Equity Related Terms

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Katahdin Bankshares (Katahdin Bankshares) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Katahdin Bankshares Corp (OTCPK:KTHN) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

20 Katahdin Lane, P.O. Box 36, Houlton, ME, USA, 04730

Website

https://www.katahdintrust.com

Katahdin Bankshares Corp is a part of the financial services sector. It is a state-chartered commercial bank whose deposits are insured by the Federal Deposit Insurance Corporation. Its primary business is to lend funds and accept deposits from consumers and small businesses in Aroostook and the Portland area. The Bank has full-service branches throughout northern Maine and the greater Bangor and Portland regions. Its key services include personal banking, business banking, and investments.