Farmers & Merchants Bancorp, Inc. (FMAO)

Solvency & Capital Structure

Total Debt

$218.2M

Net Debt

$62.3M

Farmers & Merchants Bancorp, Inc. currently has $218.2M in total debt. Net debt is $62.3M after cash offsets.

Financial Fundamentals

FMAO • Quarterly Data • 5Y View

Date	Total Debt ($B)	Cash & Inv. ($B)	Net Debt ($B)	Total Assets	Debt/Assets
2026-06-30	0.22	0.16	0.06	3.50	6.2%
2026-03-31	0.27	0.36	-0.09Net Cash	3.49	7.7%
2025-12-31	0.30	0.31	-0.01Net Cash	3.43	8.7%
2025-09-30	0.25	0.27	-0.03Net Cash	3.39	7.2%
2025-06-30	0.25	0.25	-0.00Net Cash	3.35	7.5%
2025-03-31	0.31	0.37	-0.06Net Cash	3.39	9.1%
2024-12-31	0.31	0.60	-0.30Net Cash	3.36	9.2%
2024-09-30	0.33	0.65	-0.33Net Cash	3.39	9.6%
2024-06-30	0.33	0.56	-0.23Net Cash	3.32	9.9%
2024-03-31	0.32	0.54	-0.22Net Cash	3.29	9.7%
2023-12-31	0.33	0.50	-0.17Net Cash	3.28	10.0%
2023-09-30	0.33	0.50	-0.17Net Cash	3.23	10.2%
2023-06-30	0.35	0.44	-0.08Net Cash	3.15	11.2%
2023-03-31	0.23	0.44	-0.21Net Cash	3.07	7.5%
2022-12-31	0.23	0.48	-0.25Net Cash	3.02	7.5%
2022-09-30	0.20	0.47	-0.27Net Cash	2.78	7.3%
2022-06-30	0.15	0.48	-0.33Net Cash	2.67	5.6%
2022-03-31	0.13	0.52	-0.39Net Cash	2.69	4.8%
2021-12-31	0.13	0.58	-0.45Net Cash	2.64	4.8%
2021-09-30	0.08	0.55	-0.47Net Cash	2.22	3.7%
2021-06-30	0.05	0.52	-0.47Net Cash	2.17	2.2%
2021-03-31	0.05	0.48	-0.43Net Cash	1.99	2.4%
2020-12-31	0.05	0.41	-0.36Net Cash	1.91	2.5%
2020-09-30	0.05	0.31	-0.26Net Cash	1.83	2.6%
2020-06-30	0.05	0.30	-0.25Net Cash	1.78	2.8%
2020-03-31	0.06	0.26	-0.20Net Cash	1.66	3.3%
2019-12-31	0.07	0.28	-0.20Net Cash	1.61	4.5%
2019-09-30	0.05	0.30	-0.24Net Cash	1.57	3.5%
2019-06-30	0.05	0.32	-0.27Net Cash	1.53	3.4%
2019-03-31	0.05	0.23	-0.18Net Cash	1.47	3.4%
2018-12-31	0.03	0.21	-0.18Net Cash	1.12	2.9%
2018-09-30	0.03	0.22	-0.18Net Cash	1.11	2.9%
2018-06-30	0.03	0.22	-0.19Net Cash	1.11	2.6%
2018-03-31	0.03	0.24	-0.21Net Cash	1.12	2.5%
2017-12-31	0.04	0.23	-0.19Net Cash	1.11	4.0%
2017-09-30	0.05	0.24	-0.20Net Cash	1.09	4.2%
2017-06-30	0.05	0.23	-0.18Net Cash	1.07	4.7%
2017-03-31	0.04	0.25	-0.21Net Cash	1.07	3.6%
2016-12-31	0.08	0.25	-0.17Net Cash	1.06	7.6%
2016-09-30	0.07	0.26	-0.19Net Cash	1.04	6.7%
2016-06-30	0.09	0.24	-0.16Net Cash	1.02	8.4%
2016-03-31	0.08	0.25	-0.17Net Cash	1.01	7.9%
2015-12-31	0.09	0.26	-0.17Net Cash	0.99	9.0%
2015-09-30	0.06	0.28	-0.21Net Cash	0.96	6.4%
2015-06-30	0.06	0.27	-0.22Net Cash	0.94	6.2%
2015-03-31	0.05	0.27	-0.22Net Cash	0.95	5.4%
2014-12-31	0.06	0.27	-0.21Net Cash	0.94	5.9%
2014-09-30	0.06	0.27	-0.21Net Cash	0.93	6.7%
2014-06-30	0.07	0.30	-0.23Net Cash	0.95	7.4%
2014-03-31	0.06	0.33	-0.28Net Cash	0.96	6.1%
2013-12-31	0.07	0.34	-0.27Net Cash	0.97	7.7%
2013-09-30	0.07	0.36	-0.29Net Cash	0.93	7.4%
2013-06-30	0.06	0.38	-0.31Net Cash	0.92	6.7%
2013-03-31	0.06	0.38	-0.33Net Cash	0.95	5.9%
2012-12-31	0.06	0.39	-0.33Net Cash	0.95	6.6%
2012-09-30	0.07	0.02	0.04	0.92	7.2%
2012-06-30	0.07	0.03	0.04	0.94	7.5%
2012-03-31	0.07	0.03	0.04	0.94	7.1%
2011-12-31	0.07	0.36	-0.29Net Cash	0.92	7.5%
2011-09-30	0.07	0.03	0.04	0.91	8.3%
2011-06-30	0.08	0.02	0.06	0.90	8.4%
2011-03-31	0.08	0.04	0.04	0.92	8.9%
2010-12-31	0.08	0.03	0.05	0.91	8.9%
2010-09-30	0.08	0.23	-0.15Net Cash	0.90	9.3%
2010-06-30	0.09	0.05	0.03	0.86	10.0%
2010-03-31	0.09	0.04	0.05	0.87	10.2%
2009-12-31	0.08	0.03	0.05	0.85	9.1%
2009-09-30	0.08	0.02	0.06	0.83	10.1%
2009-06-30	0.08	0.02	0.06	0.80	9.8%
2009-03-31	0.09	0.03	0.05	0.83	10.7%
2008-12-31	0.09	0.02	0.07	0.81	11.6%
2008-09-30	0.10	0.02	0.08	0.79	12.2%
2008-06-30	0.05	0.02	0.03	0.80	6.4%
2008-03-31	0.07	0.02	0.05	0.79	9.0%
2007-12-31	0.07	0.02	0.05	0.80	9.1%
2007-09-30	0.08	0.02	0.06	0.72	11.0%
2007-06-30	0.07	0.02	0.05	0.71	9.4%
2007-03-31	0.06	0.02	0.04	0.73	8.1%
2006-12-31	0.06	0.02	0.03	0.74	7.9%
2006-09-30	0.06	0.02	0.04	0.71	8.4%
2006-06-30	0.07	0.02	0.05	0.70	10.0%
2006-03-31	0.06	0.01	0.05	0.71	8.4%
2005-12-31	0.06	0.02	0.03	0.72	7.8%
2005-09-30	0.05	0.02	0.03	0.70	7.2%
2005-06-30	0.05	0.02	0.03	0.69	6.5%
2005-03-31	0.04	0.02	0.03	0.70	6.3%
2004-12-31	0.04	0.02	0.02	0.70	6.4%
2004-09-30	0.04	0.02	0.03	0.71	6.4%
2004-06-30	0.05	0.02	0.03	0.71	7.0%
2004-03-31	0.05	0.02	0.03	0.71	6.5%
2003-12-31	0.05	0.02	0.03	0.71	7.3%
2003-09-30	0.06	0.02	0.04	0.71	8.0%
2003-06-30	0.06	0.02	0.03	0.72	8.0%
2003-03-31	0.05	0.02	0.03	0.71	7.3%
2002-12-31	0.10	0.05	0.05	1.02	9.7%
2002-09-30	0.08	0.06	0.03	0.96	8.6%
2002-06-30	0.08	0.04	0.04	0.93	8.8%
2002-03-31	0.08	0.07	0.01	0.93	8.8%
2001-12-31	0.08	0.06	0.02	0.97	8.4%
2001-09-30	0.04	0.08	-0.04Net Cash	0.93	4.4%
2001-06-30	0.04	0.08	-0.04Net Cash	0.92	4.5%
2001-03-31	0.04	0.08	-0.04Net Cash	0.89	4.6%
2000-12-31	0.08	0.07	0.01	0.91	9.1%
2000-09-30	0.00	0.04	-0.04Net Cash	0.87	0.0%
2000-06-30	0.06	0.04	0.03	0.86	7.2%
2000-03-31	0.04	0.03	0.01	0.81	5.1%
1999-12-31	0.08	0.04	0.04	0.82	10.0%