What does total debt mean?

Total debt represents the aggregate sum of all interest-bearing financial obligations, including short-term borrowings, the current portion of long-term debt, and long-term debt instruments. It also encompasses capitalized lease liabilities and other debt-like financing arrangements that require fixed repayment schedules. This metric serves as a comprehensive indicator of a company's total financial leverage and its reliance on external capital providers.

Mercantile Bank Corporation MBWM Total debt

Discontinued — last reported Q4 '15

Total debt at other companies

First Merchants CorporationFRME

$1.64B+22.5%

Stock Yards BancorpSYBT

$32.23M+0.5%

Amerant BancorpAMTB

$116.46M+4.9%

Shore BancsharesSHBI

$10.61M-12.9%

Fifth Third BankFITB

——

Huntington BancsharesHBAN

——

Other financials

Income statement

See full

Revenue$67.6M+18.1%

Net income$22.7M+16.1%

EPS (diluted)$1.32+9.1%

Cash flow

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Operating cash flow$28.3M+1,051%

CapEx$938.0K-39.0%

Free cash flow$27.4M+706%

Valuation

See full

Market cap$963.74M+35.3%

P/E10.5×+1.3×

P/S3.8×+0.7×

Profitability

See full

Net margin36.3%+2.7pp

FCF margin17%—

Returns & leverage

See full

Return on equity8.6%—

Debt / equity0×—

Where this comes from

Computed from long term debt + current portion long term debt + short term borrowings + operating lease liabilities + finance lease liabilities + financing obligations: $100K.

The official record: Mercantile Bank Corporation’s 10-K, filed March 7, 2016, on SEC EDGAR. View the filing →

Questions, answered.

What does total debt mean?: Total debt represents the aggregate sum of all interest-bearing financial obligations, including short-term borrowings, the current portion of long-term debt, and long-term debt instruments. It also encompasses capitalized lease liabilities and other debt-like financing arrangements that require fixed repayment schedules. This metric serves as a comprehensive indicator of a company's total financial leverage and its reliance on external capital providers.