Mercantile Bank CorporationMBWMNASDAQ
LOADING
|||
Debt to Assets Over Time
Trending lower, below historical average.
Left:
||||
Debt-to-assets ratio
Latest
0.11
↓ 15% below average
Average (9y)
0.13
Historical baseline
Range
High:0.16
Low:0.10
CAGR
+1.3%
Modest growth trend
| Period | Value | Change |
|---|---|---|
| 2024 | 0.11 | -31.4% |
| 2023 | 0.16 | +18.9% |
| 2022 | 0.13 | -0.4% |
| 2021 | 0.13 | +4.5% |
| 2020 | 0.13 | -9.0% |
| 2019 | 0.14 | -6.7% |
| 2018 | 0.15 | +27.1% |
| 2017 | 0.12 | +2.5% |
| 2016 | 0.11 | +19.1% |
| 2015 | 0.10 | - |