SSB Bancorp (SSB Bancorp) Debt-to-Equity : 0.73 (As of Mar. 2024)

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What is SSB Bancorp Debt-to-Equity?

SSB Bancorp's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $0.00 Mil. SSB Bancorp's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $20.25 Mil. SSB Bancorp's Total Stockholders Equity for the quarter that ended in Mar. 2024 was $27.70 Mil. SSB Bancorp's debt to equity for the quarter that ended in Mar. 2024 was 0.73.

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 SSB Bancorp's Debt-to-Equity or its related term are showing as below:

SSBP' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.73 Med: 1.49 Max: 2.18
Current: 0.73

During the past 6 years, the highest Debt-to-Equity Ratio of SSB Bancorp was 2.18. The lowest was 0.73. And the median was 1.49.

SSBP's Debt-to-Equity is ranked worse than
52.8% of 1392 companies
in the Banks industry
Industry Median: 0.65 vs SSBP: 0.73

SSB Bancorp Debt-to-Equity Historical Data

The historical data trend for SSB Bancorp'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.

SSB Bancorp Debt-to-Equity Chart

SSB Bancorp Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec22

Dec23

Debt-to-Equity

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2.18

1.54

1.50

0.79

0.75

SSB Bancorp Quarterly Data
	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															N/A	0.96	0.80	0.75	0.73

Competitive Comparison of SSB Bancorp's Debt-to-Equity

For the Banks - Regional subindustry, SSB Bancorp'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.

SSB Bancorp's Debt-to-Equity Distribution in the Banks Industry

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

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

SSB Bancorp Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

SSB Bancorp'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	+	20.25)	/	27.198
	=	0.74

SSB Bancorp'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	+	20.25)	/	27.702
	=	0.73

SSB Bancorp (OTCPK:SSBP) 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.

SSB Bancorp Debt-to-Equity Related Terms

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SSB Bancorp (SSB Bancorp) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » SSB Bancorp Inc (OTCPK:SSBP) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

8700 Perry Highway, Pittsburgh, PA, USA, 15237

Website

https://www.ssbpgh.com

SSB Bancorp Inc is engaged in the provision of financial services to individuals and corporate customers. The bank offers deposits, loans, consumer financing, certificate of deposits, mortgage loans, card services, internet banking, insurance, and other related services.

Executives

Moon Joseph Daniel Iv	director, officer: President, CEO & CFO	8700 PERRY HIGHWAY, PITTSBURGH PA 15237
Gretchen Givens Generett	director	8700 PERRY HIGHWAY, PITTSBURGH PA 15237
Kenneth J. Broadbent	director	8700 PERRY HIGHWAY, PITTSBURGH PA 15237
Benjamin Contrucci	officer: Vice President of Subsidiary	8700 PERRY HIGHWAY, PITTSBURGH PA 15237
Peter F. Stires	officer: VP of Comm Lending	8700 PERRY HIGHWAY, PITTSBURGH PA 15237
Docchio David H. Jr.	director	8700 PERRY HIGHWAY, PITTSBURGH PA 15237
Mark C. Joseph	director	8700 PERRY HIGHWAY, PITTSBURGH PA 15237
Bernie M. Simons	director	8700 PERRY HIGHWAY, PITTSBURGH PA 15237
Bancorp, Mhc Ssb	10 percent owner	8700 PERRY HIGHWAY, PITTSBURGH PA 15237
Jennifer R. Harris	officer: Chief Lending Officer of Sub	8700 PERRY HIGHWAY, PITTSBURGH PA 15237