Mercantile Bank CorporationMBWMNASDAQ
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Debt to Equity Over Time
Trending lower, modest growth trend.
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Debt-to-equity ratio
Latest
1.11
↓ 11% below average
Average (9y)
1.24
Historical baseline
Range
High:1.60
Low:0.83
CAGR
+3.2%
Modest growth trend
| Period | Value | Change |
|---|---|---|
| 2024 | 1.11 | -30.8% |
| 2023 | 1.60 | +10.4% |
| 2022 | 1.45 | -4.5% |
| 2021 | 1.52 | +19.8% |
| 2020 | 1.27 | +4.9% |
| 2019 | 1.21 | -9.2% |
| 2018 | 1.33 | +26.8% |
| 2017 | 1.05 | +1.8% |
| 2016 | 1.03 | +23.9% |
| 2015 | 0.83 | - |