Eastern Michigan Financial Corporation

Eastern Michigan Financial Corporationverified

EFIN

Price:

$32.05

Market Cap:

$38.11M

Eastern Michigan Financial Corporation operates as the bank holding company for Eastern Michigan Bank that provides retail and commercial banking services in Michigan. The company offers interest- and noninterest-bearing checking and savings accounts, individual retirement accounts, time deposits, and certificates of deposit. It also provides home equity lines of credit, home equity term loans, automobile and truck loans, home mortgage loans, unsecured personal loans, and student loans, as well as RV, motorcycle, snowmobile, jet ski, boat, and ATV loans; equipment financing and loans, vehicle loans, working capital lines of credit, commercial real estate loans, construction and land developm...[Read more]

Industry

Banks - Regional

IPO Date

2008-01-29

Stock Exchange

PNK

Ticker

EFIN

The Current Ratio as of September 2024 (TTM) for Eastern Michigan Financial Corporation (EFIN) is 0.23

According to Eastern Michigan Financial Corporation’s latest financial reports and current stock price. The company's current Current Ratio is 0.23. This represents a change of -3.53% compared to the average of 0.24 of the last 4 quarters.

Eastern Michigan Financial Corporation (EFIN) Historical Current Ratio (quarterly & annually)

How has EFIN Current Ratio performed in the past?

The mean historical Current Ratio of Eastern Michigan Financial Corporation over the last ten years is 50.82. The current 0.23 Current Ratio has changed -54.29% with respect to the historical average. Over the past ten years (40 quarters), EFIN's Current Ratio was at its highest in in the December 2020 quarter at 16.04K. The Current Ratio was at its lowest in in the September 2014 quarter at 0.

Quarterly (TTM)
Annual

Average

50.82

Median

0.25

Minimum

0.08

Maximum

506.00

Eastern Michigan Financial Corporation (EFIN) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Eastern Michigan Financial Corporation Current Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 95.13%

Maximum Annual Current Ratio = 506.00

Minimum Annual Increase = -99.97%

Minimum Annual Current Ratio = 0.08

Quarterly (TTM)
Annual
YearCurrent RatioChange
20230.08-54.64%
20220.18-29.93%
20210.26-45.56%
20200.4868.11%
20190.29-7.50%
20180.3137.82%
20170.23-1.66%
20160.2334.56%
20150.17-99.97%
2014506.0095.13%

Eastern Michigan Financial Corporation (EFIN) Average Current Ratio

How has EFIN Current Ratio performed in the past?

The current Current Ratio of Eastern Michigan Financial Corporation (EFIN) is greater than its 3-year, less than than its 5-year, and less than than its 10-year historical averages

3-year avg

0.18

5-year avg

0.26

10-year avg

50.82

Eastern Michigan Financial Corporation (EFIN) Current Ratio vs. Peers

How is EFIN’s Current Ratio compared to its peers?

Eastern Michigan Financial Corporation’s Current Ratio is less than Commercial National Financial Corporation (0.46), greater than Mifflinburg Bancorp, Inc. (0.14), greater than Apollo Bancorp, Inc. (0.10), greater than Community Bankers' Corporation (0.01), greater than FNB, Inc. (0.16), greater than FS Bancorp (0.17), greater than Sturgis Bancorp, Inc. (0.15), less than Grand River Commerce, Inc. (0.32), less than Bank of Botetourt (0.24), less than The Farmers Bank of Appomattox (152.97), greater than CCSB Financial Corp. (0.14), greater than Bank of Utica (0.14), less than Delhi Bank Corp. (0.31),

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