Mercantile Bank (MBWM) - Total debt

Total debt on the balance sheet as of March 2024 : C$0.79 B

According to Mercantile Bank's latest financial reports the company's total debt is C$0.79 B. A company’s total debt is the sum of all current and non-current debts.

Mercantile Bank - Total debt on balance sheet (from 1999 to 2024)

Total debt by year

Year	Total debt	Change
2023-12-31	C$0.80 B	32.97%
2022-12-31	C$0.60 B	-3.6%
2021-12-31	C$0.62 B	11.45%
2020-12-31	C$0.56 B	8.35%
2019-12-31	C$0.51 B	-3.85%
2018-12-31	C$0.54 B	61.91%
2017-12-31	C$0.33 B	13%
2016-12-31	C$0.29 B	72.74%
2015-12-31	C$0.17 B	35.91%
2014-12-31	C$0.12 B	51.66%
2013-12-31	C$82.96 M	22.44%
2012-12-31	C$67.76 M	-16.13%
2011-12-31	C$80.79 M	-26.49%
2010-12-31	C$0.10 B	-59.07%
2009-12-31	C$0.26 B	-31.86%
2008-12-31	C$0.39 B	85.22%
2007-12-31	C$0.21 B	39.17%
2006-12-31	C$0.15 B	-20.58%
2005-12-31	C$0.19 B	14.11%
2004-12-31	C$0.16 B	19.59%
2003-12-31	C$0.14 B	473.39%
2002-12-31	C$24.6 M	-3.48%
2001-12-31	C$25.48 M	5.95%
2000-12-31	C$24.05 M	4.25%
1999-12-31	C$23.07 M

Total debt for similar companies or competitors

Company	Total debt	differencediff.	Country
Independent Bank (Michigan) IBCP	C$0.17 B	-77.93%	🇺🇸 USA
Macatawa Bank MCBC	C$27.12 M	-96.59%	🇺🇸 USA
1st Source SRCE	C$0.42 B	-46.18%	🇺🇸 USA

What is the market capitalization of a company?

The market capitalization sometimes referred as Marketcap, is the value of a publicly listed company.
In most cases it can be easily calculated by multiplying the share price with the amount of outstanding shares.

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