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First Merchants (FRME) Debt Ratio: 2016-2024

Historic Debt Ratio for First Merchants (FRME) over the last 9 years, with Dec 2024 value amounting to 0.04.

  • First Merchants' Debt Ratio fell 6.45% to 0.04 in Q3 2025 from the same period last year, while for Sep 2025 it was 0.04, marking a year-over-year decrease of 6.45%. This contributed to the annual value of 0.04 for FY2024, which is 15.98% up from last year.
  • According to the latest figures from FY2024, First Merchants' Debt Ratio is 0.04, which was up 15.98% from 0.04 recorded in FY2023.
  • In the past 5 years, First Merchants' Debt Ratio registered a high of 0.05 during FY2022, and its lowest value of 0.02 during FY2021.
  • For the 3-year period, First Merchants' Debt Ratio averaged around 0.04, with its median value being 0.04 (2024).
  • Per our database at Business Quant, First Merchants' Debt Ratio fell by 21.91% in 2021 and then skyrocketed by 111.66% in 2022.
  • Over the past 5 years, First Merchants' Debt Ratio (Yearly) stood at 0.03 in 2020, then declined by 21.91% to 0.02 in 2021, then skyrocketed by 111.66% to 0.05 in 2022, then declined by 15.35% to 0.04 in 2023, then climbed by 15.98% to 0.04 in 2024.