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Asset Utilization RatioAssets AverageDebt RatioDebt to EquityEBIT MarginEBT MarginEnterprise ValueEquity AverageEquity RatioFCF MarginFCF Payout RatioInterest Coverage RatioInvested CapitalMarket CapitalizationNet MarginReturn on AssetsReturn on EquityReturn on Invested CapitalReturn on SalesTimes Interest Earned

Mercantile Bank (MBWM) Debt Ratio: 2011-2025

Historic Debt Ratio for Mercantile Bank (MBWM) over the last 11 years, with Sep 2025 value amounting to 0.05.

  • Mercantile Bank's Debt Ratio fell 22.14% to 0.05 in Q3 2025 from the same period last year, while for Sep 2025 it was 0.05, marking a year-over-year decrease of 22.14%. This contributed to the annual value of 0.06 for FY2024, which is 26.83% down from last year.
  • Per Mercantile Bank's latest filing, its Debt Ratio stood at 0.05 for Q3 2025, which was down 4.77% from 0.06 recorded in Q2 2025.
  • Mercantile Bank's 5-year Debt Ratio high stood at 0.09 for Q2 2023, and its period low was 0.05 during Q3 2025.
  • For the 3-year period, Mercantile Bank's Debt Ratio averaged around 0.07, with its median value being 0.08 (2024).
  • Its Debt Ratio has fluctuated over the past 5 years, first spiked by 38.16% in 2023, then declined by 27.09% in 2025.
  • Mercantile Bank's Debt Ratio (Quarterly) stood at 0.07 in 2021, then decreased by 11.06% to 0.06 in 2022, then skyrocketed by 38.16% to 0.09 in 2023, then decreased by 26.83% to 0.06 in 2024, then declined by 22.14% to 0.05 in 2025.
  • Its last three reported values are 0.05 in Q3 2025, 0.06 for Q2 2025, and 0.06 during Q1 2025.