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

Mercantile Bank (MBWM) Debt Ratio (2016 - 2025)

Mercantile Bank's Debt Ratio history spans 10 years, with the latest figure at 0.01 for Q4 2025.

  • For Q4 2025, Debt Ratio fell 34.67% year-over-year to 0.01; the TTM value through Dec 2025 reached 0.01, down 34.67%, while the annual FY2025 figure was 0.01, 34.67% down from the prior year.
  • Debt Ratio reached 0.01 in Q4 2025 per MBWM's latest filing, down from 0.04 in the prior quarter.
  • In the past five years, Debt Ratio ranged from a high of 0.09 in Q4 2023 to a low of 0.01 in Q1 2025.
  • Average Debt Ratio over 5 years is 0.04, with a median of 0.03 recorded in 2021.
  • Peak YoY movement for Debt Ratio: surged 715.09% in 2024, then plummeted 89.95% in 2025.
  • A 5-year view of Debt Ratio shows it stood at 0.04 in 2021, then soared by 68.45% to 0.06 in 2022, then soared by 38.16% to 0.09 in 2023, then tumbled by 77.03% to 0.02 in 2024, then plummeted by 34.67% to 0.01 in 2025.
  • Per Business Quant, the three most recent readings for MBWM's Debt Ratio are 0.01 (Q4 2025), 0.04 (Q3 2025), and 0.06 (Q2 2025).