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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: 2012-2024

Historic Debt Ratio for Mercantile Bank (MBWM) over the last 11 years, with Dec 2024 value amounting to 0.06.

  • 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.
  • As of FY2024, Mercantile Bank's Debt Ratio stood at 0.06, which was down 26.83% from 0.09 recorded in FY2023.
  • In the past 5 years, Mercantile Bank's Debt Ratio ranged from a high of 0.09 in FY2020 and a low of 0.06 during FY2022.
  • Over the past 3 years, Mercantile Bank's median Debt Ratio value was 0.06 (recorded in 2024), while the average stood at 0.07.
  • In the last 5 years, Mercantile Bank's Debt Ratio spiked by 38.16% in 2023 and then declined by 26.83% in 2024.
  • Mercantile Bank's Debt Ratio (Yearly) stood at 0.09 in 2020, then dropped by 19.89% to 0.07 in 2021, then fell by 11.06% to 0.06 in 2022, then spiked by 38.16% to 0.09 in 2023, then fell by 26.83% to 0.06 in 2024.