Total Debt
$4.28B
Net Debt
$3.44B
Merchants Bancorp currently has $4.28B in total debt. Net debt is $3.44B after cash offsets.
Financial Fundamentals
MBIN • Quarterly Data • 5Y View
| Date | Total Debt ($B) | Cash & Inv. ($B) | Net Debt ($B) | Total Assets | Debt/Assets |
|---|---|---|---|---|---|
| 2026-06-30 | 4.28 | 0.84 | 3.44 | 21.23 | 20.2% |
| 2026-03-31 | 4.79 | 0.02 | 4.77 | 20.32 | 23.6% |
| 2025-12-31 | 3.84 | 0.88 | 2.96 | 19.45 | 19.8% |
| 2025-09-30 | 2.90 | 1.25 | 1.65 | 19.35 | 15.0% |
| 2025-06-30 | 3.83 | 1.32 | 2.51 | 19.14 | 20.0% |
| 2025-03-31 | 4.00 | 1.23 | 2.77 | 18.80 | 21.3% |
| 2024-12-31 | 4.34 | 0.57 | 3.77 | 18.81 | 23.1% |
| 2024-09-30 | 3.57 | 1.55 | 2.01 | 18.65 | 19.1% |
| 2024-06-30 | 1.16 | 1.56 | -0.40Net Cash | 18.21 | 6.4% |
| 2024-03-31 | 1.79 | 1.57 | 0.21 | 17.82 | 10.0% |
| 2023-12-31 | 0.96 | 1.70 | -0.73Net Cash | 16.95 | 5.7% |
| 2023-09-30 | 1.44 | 1.03 | 0.41 | 16.50 | 8.8% |
| 2023-06-30 | 0.94 | 1.03 | -0.08Net Cash | 15.87 | 5.9% |
| 2023-03-31 | 1.03 | 1.05 | -0.02Net Cash | 14.24 | 7.3% |
| 2022-12-31 | 0.94 | 0.55 | 0.39 | 12.62 | 7.5% |
| 2022-09-30 | 0.10 | 0.65 | -0.55Net Cash | 11.98 | 0.8% |
| 2022-06-30 | 1.44 | 0.59 | 0.85 | 11.09 | 13.0% |
| 2022-03-31 | 0.88 | 0.73 | 0.15 | 9.65 | 9.1% |
| 2021-12-31 | 1.17 | 1.34 | -0.17Net Cash | 11.28 | 10.4% |
| 2021-09-30 | 0.81 | 1.10 | -0.29Net Cash | 10.95 | 7.4% |
| 2021-06-30 | 0.70 | 0.72 | -0.02Net Cash | 9.88 | 7.1% |
| 2021-03-31 | 0.55 | 0.51 | 0.03 | 9.71 | 5.6% |
| 2020-12-31 | 1.24 | 0.45 | 0.79 | 9.65 | 12.8% |
| 2020-09-30 | 1.62 | 0.71 | 0.91 | 9.53 | 17.0% |
| 2020-06-30 | 1.76 | 0.66 | 1.10 | 9.44 | 18.7% |
| 2020-03-31 | 0.44 | 0.91 | -0.46Net Cash | 7.91 | 5.6% |
| 2019-12-31 | 0.18 | 0.80 | -0.62Net Cash | 6.37 | 2.8% |
| 2019-09-30 | 0.16 | 0.67 | -0.51Net Cash | 6.34 | 2.5% |
| 2019-06-30 | 0.06 | 0.72 | -0.66Net Cash | 5.29 | 1.2% |
| 2019-03-31 | 0.34 | 0.61 | -0.27Net Cash | 3.98 | 8.5% |
| 2018-12-31 | 0.20 | 0.67 | -0.47Net Cash | 3.88 | 5.0% |
| 2018-09-30 | 0.07 | 0.68 | -0.61Net Cash | 3.81 | 1.8% |
| 2018-06-30 | 0.19 | 0.74 | -0.55Net Cash | 3.79 | 5.0% |
| 2018-03-31 | 0.20 | 0.70 | -0.50Net Cash | 3.68 | 5.4% |
| 2017-12-31 | 0.06 | 0.77 | -0.71Net Cash | 3.39 | 1.7% |
| 2017-09-30 | 0.06 | 1.00 | -0.94Net Cash | 3.24 | 1.7% |
| 2017-06-30 | 0.06 | 0.79 | -0.74Net Cash | 3.09 | 1.8% |
| 2017-03-31 | 0.00 | 0.34 | -0.33Net Cash | 2.80 | 0.1% |
| 2016-12-31 | 0.06 | 0.77 | -0.71Net Cash | 2.72 | 2.1% |