Northway Financial (Northway Financial) Debt-to-Equity : 1.99 (As of Dec. 2023)

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What is Northway Financial Debt-to-Equity?

Northway Financial's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.00 Mil. Northway Financial's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $145.62 Mil. Northway Financial's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $73.24 Mil. Northway Financial's debt to equity for the quarter that ended in Dec. 2023 was 1.99.

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

NWYF' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.21 Med: 0.58 Max: 1.99
Current: 1.99

During the past 13 years, the highest Debt-to-Equity Ratio of Northway Financial was 1.99. The lowest was 0.21. And the median was 0.58.

NWYF's Debt-to-Equity is ranked worse than
83.42% of 1393 companies
in the Banks industry
Industry Median: 0.66 vs NWYF: 1.99

Northway Financial Debt-to-Equity Historical Data

The historical data trend for Northway 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.

Northway Financial Debt-to-Equity Chart

Northway Financial Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.23

0.22

0.21

1.17

1.99

Northway Financial Semi-Annual Data
	Dec00	Dec01	Dec02	Dec03	Dec04	Dec05	Dec06	Dec08	Dec09	Dec13	Dec14	Dec15	Dec16	Dec17	Dec18	Dec19	Dec20	Dec21	Dec22	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.23	0.22	0.21	1.17	1.99

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

For the Banks - Regional subindustry, Northway 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.

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

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

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

Northway Financial Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Northway Financial'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	+	145.62)	/	73.237
	=	1.99

Northway Financial's Debt to Equity Ratio for the quarter 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	+	145.62)	/	73.237
	=	1.99

Northway Financial (OTCPK:NWYF) 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.

Northway Financial Debt-to-Equity Related Terms

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

Northway Financial (Northway Financial) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Northway Financial Inc (OTCPK:NWYF) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

3424 White Mountain Highway, North Conway, Conway, NH, USA, 03860

Website

https://www.northwaybank.com

Northway Financial Inc is a bank holding company. The bank is engaged in the business of attracting deposits from the public and investing those deposits in securities, commercial loans, real estate loans, and consumer loans. It provides various products and services such as Personal checking, Debit cards, Online banking, Mobile Banking, Mortgages, Business Loans, Credit cards, Personal insurance, investments, and other related services.

Executives

Jeffrey D Smith	officer: SVP-Chief Admin. Officer	2 ELM STREET / PO BOX 310, CAMDEN ME 04843
Fletcher W Adams	director
Stephen G Boucher	director
Richard P Orsillo	officer: SVP & Chief Financial Officer
Richard T Brunelle	officer: SVP Comm'l Loan Officer
William J Woodward	director, officer: Chairman, President & CEO
John H Noyes	director
Barry J Kelly	director
John A Gobel	officer: SVP/Senior Technology Officer	PO BOX 69, FRANKFORT ME 04438
Mark C Bechtold	officer: SVP/Sr HR Leadership Dev Off.	99 HYFIELD LANE, JEFFERSON NH 03583
John D Morris	director