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Ratios
Asset Utilization RatioAssets AverageDebt RatioDebt to EquityEBIT MarginEBITDA MarginEBT MarginEquity AverageEquity RatioFCF MarginFCF Payout RatioGross MarginInterest Coverage RatioInvested CapitalNet MarginOperating MarginReturn on AssetsReturn on EquityReturn on Invested CapitalReturn on SalesTimes Interest Earned

First Merchants (FRME) Debt to Equity (2016 - 2025)

First Merchants' Debt to Equity history spans 10 years, with the latest figure at $0.02 for Q4 2025.

  • For Q4 2025, Debt to Equity fell 42.42% year-over-year to $0.02; the TTM value through Dec 2025 reached $0.02, down 42.42%, while the annual FY2025 figure was $0.02, 42.42% down from the prior year.
  • Debt to Equity reached $0.02 in Q4 2025 per FRME's latest filing, down from $0.33 in the prior quarter.
  • In the past five years, Debt to Equity ranged from a high of $0.42 in Q1 2025 to a low of $0.02 in Q4 2025.
  • Average Debt to Equity over 5 years is $0.21, with a median of $0.18 recorded in 2021.
  • Peak YoY movement for Debt to Equity: tumbled 82.56% in 2023, then skyrocketed 714.65% in 2025.
  • A 5-year view of Debt to Equity shows it stood at $0.17 in 2021, then surged by 131.76% to $0.4 in 2022, then tumbled by 82.56% to $0.07 in 2023, then tumbled by 42.51% to $0.04 in 2024, then tumbled by 42.42% to $0.02 in 2025.
  • Per Business Quant, the three most recent readings for FRME's Debt to Equity are $0.02 (Q4 2025), $0.33 (Q3 2025), and $0.38 (Q2 2025).