Oconee Financial (Oconee Financial) Debt-to-Equity : 0.24 (As of Mar. 2024)

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What is Oconee Financial Debt-to-Equity?

Oconee Financial's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $0.00 Mil. Oconee Financial's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $10.35 Mil. Oconee Financial's Total Stockholders Equity for the quarter that ended in Mar. 2024 was $43.38 Mil. Oconee Financial's debt to equity for the quarter that ended in Mar. 2024 was 0.24.

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

OSBK' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.24 Med: 0.3 Max: 0.8
Current: 0.24

During the past 9 years, the highest Debt-to-Equity Ratio of Oconee Financial was 0.80. The lowest was 0.24. And the median was 0.30.

OSBK's Debt-to-Equity is ranked better than
78.81% of 1392 companies
in the Banks industry
Industry Median: 0.65 vs OSBK: 0.24

Oconee Financial Debt-to-Equity Historical Data

The historical data trend for Oconee 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.

Oconee Financial Debt-to-Equity Chart

Oconee Financial Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.26

0.25

0.34

0.24

Oconee Financial 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															0.31	0.62	0.80	0.24	0.24

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

For the Banks - Regional subindustry, Oconee 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.

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

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

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

Oconee Financial Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Oconee 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	+	10.342)	/	42.311
	=	0.24

Oconee Financial'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	+	10.348)	/	43.38
	=	0.24

Oconee Financial (OTCPK:OSBK) 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.

Oconee Financial Debt-to-Equity Related Terms

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

Oconee Financial (Oconee Financial) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

41 N. Main Street, Watkinsville, GA, USA, 30677

Website

https://www.oconeestatebank.com

Oconee Financial Corp is a United States-based commercial bank. The bank offers personal and business products and services including checking, savings, CDs, loans, mortgages, credit cards, safe deposit boxes, mobile deposits, business loans, and treasury services.

Executives

G Robert Bishop	director	1741 EXPERIMENT STATION ROAD, WATKINSVILLE GA 30677
B Amrey Harden	director, officer: President and CEO	35 NORTH MAIN STREET, P.O. BOX 205, WATKINSVILLE GA 30677
Hale J Albert Sr	director	P.O.BOX 205, WATKINSVILLE GA 30677
Steven Anthony Rogers	officer: Chief Financial Officer	35 NORTH MAIN STREET, PO BOX 205, WATKINSVILLE GA 30677
Virginia S Wells	director, 10 percent owner	OCONEE FINANCIAL CORP, 35 N MAIN ST, WATKINSVILLE GA 30677
Ann B. Powers	director	1051 ROSE CREEK DRIVE, WATKINSVILLE GA 30087
Douglas D Dickens	director	1071 RAYS CHURCH RD, BISHOP GA 30621
Henry C Maxey	director	1181 MAXEY ROAD, BISHOP GA 30621
Jimmy L Christopher	director	P.O. BOX 405, WATKINSVILLE GA 30677
Tom F Wilson	officer: Executive Vice President	OCONEE FINANCIAL CORP, 35 N MAIN ST, WATKINSVILLE GA 30677