MetroCity Bankshares (MetroCity Bankshares) Debt-to-Equity : 0.90 (As of Mar. 2024)

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What is MetroCity Bankshares Debt-to-Equity?

MetroCity Bankshares's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $0.0 Mil. MetroCity Bankshares's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $358.2 Mil. MetroCity Bankshares's Total Stockholders Equity for the quarter that ended in Mar. 2024 was $396.6 Mil. MetroCity Bankshares's debt to equity for the quarter that ended in Mar. 2024 was 0.90.

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

MCBS' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.02 Med: 0.5 Max: 1.76
Current: 0.9

During the past 9 years, the highest Debt-to-Equity Ratio of MetroCity Bankshares was 1.76. The lowest was 0.02. And the median was 0.50.

MCBS's Debt-to-Equity is ranked worse than
60.39% of 1396 companies
in the Banks industry
Industry Median: 0.65 vs MCBS: 0.90

MetroCity Bankshares Debt-to-Equity Historical Data

The historical data trend for MetroCity 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.

MetroCity Bankshares Debt-to-Equity Chart

MetroCity Bankshares Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.35

0.50

1.76

1.10

0.88

MetroCity 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															1.09	0.89	0.86	0.88	0.90

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

For the Banks - Regional subindustry, MetroCity 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.

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

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

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

MetroCity Bankshares Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

MetroCity 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
	=	(1.81	+	331.841)	/	381.517
	=	0.87

MetroCity 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	+	358.189)	/	396.604
	=	0.90

MetroCity Bankshares (NAS:MCBS) 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.

MetroCity Bankshares Debt-to-Equity Related Terms

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

MetroCity Bankshares (MetroCity Bankshares) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » MetroCity Bankshares Inc (NAS:MCBS) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

5114 Buford Highway, Doraville, GA, USA, 30340

Website

https://www.metrocitybank.com

MetroCity Bankshares Inc is a holding company of its subsidiary Metro City Bank. It provides commercial banking services such as consumer and commercial checking accounts, savings accounts, certificates of deposits, commercial and consumer loans, money transfers and a variety of other banking services. The banks generate revenue from interest income. Its customers include small business owners, professionals, consumers, and real estate developers.

Executives

Nack Y Paek	director, officer: Chief Executive Officer
William J. Hungeling	director	C/O METROCITY BANKSHARES, INC., 5114 BUFORD HIGHWAY, DORAVILLE GA 30340
Sam Sang-koo Shim	director	C/O METROCITY BANKSHARES, INC., 5114 BUFORD HIGHWAY, DORAVILLE GA 30340
Ajit A. Patel	director	C/O METROCITY BANKSHARES, INC., 5114 BUFORD HIGHWAY, DORAVILLE GA 30340
Howard Hwasaeng Kim	director, officer: Executive Vice President	C/O METROCITY BANKSHARES, INC., 5114 BUFORD HIGHWAY, DORAVILLE GA 30340
Farid Tan	director, officer: President	C/O METROCITY BANKSHARES, INC., 5114 BUFORD HIGHWAY, DORAVILLE GA 30340
Feiying Lu	director	C/O METROCITY BANKSHARES, INC., 5114 BUFORD HIGHWAY, DORAVILLE GA 30340
Don Leung	director	C/O METROCITY BANKSHARES, INC., 5114 BUFORD HIGHWAY, DORAVILLE GA 30340
Frank S. Rhee	director	C/O METROCITY BANKSHARES, INC., 5114 BUFORD HIGHWAY, DORAVILLE GA 30340
Young K. Park	director	C/O METROCITY BANKSHARES, INC., 5114 BUFORD HIGHWAY, DORAVILLE GA 30340
Francis Lai	director	C/O METROCITY BANKSHARES, INC., 5114 BUFORD HIGHWAY, DORAVILLE GA 30340
Frank Glover	director	C/O METROCITY BANKSHARES, INC., 5114 BUFORD HIGHWAY, DORAVILLE GA 30340
Lucas Stewart	officer: Chief Financial Officer	C/O METROCITY BANKSHARES, INC., 5114 BUFORD HIGHWAY, DORAVILLE GA 30340
William M. Hungeling	director	C/O METROCITY BANKSHARES, INC., 5114 BUFORD HIGHWAY, DORAVILLE GA 30340
Samuel Benton Gunter	officer: Executive VP and CAO	C/O METROCITY BANKSHARES, INC., 5114 BUFORD HIGHWAY, DORAVILLE GA 30340