First Net Debt from 2010 to 2024

FRMEP Stock

USD 25.53 0.18 0.71%

First Merchants Net Debt yearly trend continues to be relatively stable with very little volatility. Net Debt is likely to drop to about 179.2 M. Net Debt is the total debt of First Merchants minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds. View All Fundamentals

Net Debt

First Reported

1989-09-30

Previous Quarter

900.1 M

Current Value

482.3 M

Quarterly Volatility

183.1 M

Oil Shock

Dot-com Bubble

Housing Crash

Credit Downgrade

Yuan Drop

Covid

Check First Merchants financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among First Merchants' main balance sheet or income statement drivers, such as Other Operating Expenses of 773.8 M, Operating Income of 272.2 M or EBIT of 272.2 M, as well as many indicators such as Price To Sales Ratio of 2.73, Dividend Yield of 0.0353 or PTB Ratio of 1.46. First financial statements analysis is a perfect complement when working with First Merchants Valuation or Volatility modules.

Check out the analysis of First Merchants Correlation against competitors.

To learn how to invest in First Stock, please use our How to Invest in First Merchants guide.

Latest First Merchants' Net Debt Growth Pattern

Below is the plot of the Net Debt of First Merchants over the last few years. It is the total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds. First Merchants' Net Debt historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in First Merchants' overall financial position and show how it may be relating to other accounts over time.

Net Debt

10 Years Trend

Pretty Stable

Compare to Others All Fundamentals

Net Debt

Timeline

First Net Debt Regression Statistics

	Arithmetic Mean	184,361,471
	Geometric Mean	116,038,821
	Coefficient Of Variation	115.62
	Mean Deviation	149,389,231
	Median	194,293,000
	Standard Deviation	213,164,438
	Sample Variance	45439.1T
	Range	914.9M
	R-Value	0.27
	Mean Square Error	45495.2T
	R-Squared	0.07
	Significance	0.34
	Slope	12,636,337
	Total Sum of Squares	636147.1T

First Net Debt History

	2024	179.2 M
	2023	322.8 M
	2022	726.3 M
	2021	-188.6 M
	2020	-77.4 M
	2019	194.3 M
	2018	277.2 M

Other Fundumenentals of First Merchants

Net Debt To E B I T D A

First Merchants Net Debt component correlations

	Total Assets	Total Stockholder Equity	Net Debt	Retained Earnings	Net Receivables	Total Liab	Total Current Assets	Short Term Debt	Accounts Payable	Common Stock	Good Will	Short Term Investments	Intangible Assets	Current Deferred Revenue	Net Tangible Assets	Long Term Debt	Net Invested Capital	Long Term Investments	Capital Stock	Property Plant Equipment
Total Assets		0.99	0.28	0.99	0.97	1.0	-0.22	0.09	0.75	0.77	0.97	0.84	0.73	0.39	0.9	0.72	0.9	0.89	0.69	0.89
Total Stockholder Equity	0.99		0.24	0.98	0.94	0.99	-0.15	0.03	0.73	0.8	0.97	0.85	0.77	0.44	0.89	0.64	0.85	0.84	0.61	0.87
Net Debt	0.28	0.24		0.26	0.35	0.28	0.05	0.62	0.33	0.35	0.31	0.05	0.37	-0.37	0.0	0.65	0.34	0.08	0.63	0.21
Retained Earnings	0.99	0.98	0.26		0.98	0.99	-0.24	0.01	0.8	0.72	0.98	0.8	0.7	0.45	0.91	0.73	0.91	0.88	0.71	0.9
Net Receivables	0.97	0.94	0.35	0.98		0.97	-0.28	0.02	0.87	0.64	0.98	0.71	0.66	0.44	0.88	0.81	0.93	0.84	0.79	0.9
Total Liab	1.0	0.99	0.28	0.99	0.97		-0.23	0.09	0.75	0.76	0.97	0.83	0.73	0.38	0.9	0.73	0.9	0.89	0.7	0.89
Total Current Assets	-0.22	-0.15	0.05	-0.24	-0.28	-0.23		0.14	-0.22	0.12	-0.24	-0.29	-0.15	0.01	-0.52	-0.51	-0.56	-0.52	-0.48	-0.56
Short Term Debt	0.09	0.03	0.62	0.01	0.02	0.09	0.14		-0.23	0.33	-0.05	0.08	0.08	-0.75	-0.16	0.29	0.05	0.07	0.25	-0.1
Accounts Payable	0.75	0.73	0.33	0.8	0.87	0.75	-0.22	-0.23		0.34	0.83	0.33	0.38	0.67	0.68	0.7	0.78	0.56	0.71	0.75
Common Stock	0.77	0.8	0.35	0.72	0.64	0.76	0.12	0.33	0.34		0.69	0.81	0.77	0.1	0.62	0.47	0.59	0.6	0.47	0.64
Good Will	0.97	0.97	0.31	0.98	0.98	0.97	-0.24	-0.05	0.83	0.69		0.78	0.77	0.46	0.88	0.74	0.9	0.83	0.72	0.9
Short Term Investments	0.84	0.85	0.05	0.8	0.71	0.83	-0.29	0.08	0.33	0.81	0.78		0.81	0.16	0.85	0.48	0.72	0.87	0.45	0.79
Intangible Assets	0.73	0.77	0.37	0.7	0.66	0.73	-0.15	0.08	0.38	0.77	0.77	0.81		0.07	0.63	0.51	0.62	0.62	0.47	0.67
Current Deferred Revenue	0.39	0.44	-0.37	0.45	0.44	0.38	0.01	-0.75	0.67	0.1	0.46	0.16	0.07		0.49	0.04	0.32	0.22	0.08	0.44
Net Tangible Assets	0.9	0.89	0.0	0.91	0.88	0.9	-0.52	-0.16	0.68	0.62	0.88	0.85	0.63	0.49		0.67	0.92	0.94	0.66	0.96
Long Term Debt	0.72	0.64	0.65	0.73	0.81	0.73	-0.51	0.29	0.7	0.47	0.74	0.48	0.51	0.04	0.67		0.9	0.7	0.99	0.79
Net Invested Capital	0.9	0.85	0.34	0.91	0.93	0.9	-0.56	0.05	0.78	0.59	0.9	0.72	0.62	0.32	0.92	0.9		0.9	0.89	0.96
Long Term Investments	0.89	0.84	0.08	0.88	0.84	0.89	-0.52	0.07	0.56	0.6	0.83	0.87	0.62	0.22	0.94	0.7	0.9		0.67	0.88
Capital Stock	0.69	0.61	0.63	0.71	0.79	0.7	-0.48	0.25	0.71	0.47	0.72	0.45	0.47	0.08	0.66	0.99	0.89	0.67		0.78
Property Plant Equipment	0.89	0.87	0.21	0.9	0.9	0.89	-0.56	-0.1	0.75	0.64	0.9	0.79	0.67	0.44	0.96	0.79	0.96	0.88	0.78

Click cells to compare fundamentals

About First Merchants Financial Statements

First Merchants shareholders use historical fundamental indicators, such as Net Debt, to determine how well the company is positioned to perform in the future. Although First Merchants investors may analyze each financial statement separately, they are all interrelated. The changes in First Merchants' assets and liabilities, for example, are also reflected in the revenues and expenses on on First Merchants' income statement. Understanding these patterns can help investors time the market effectively. Please read more on our fundamental analysis page.

	Last Reported	Projected for Next Year
Net Debt	322.8 M	179.2 M
Net Debt To EBITDA	2.80	2.88

Pair Trading with First Merchants

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if First Merchants position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in First Merchants will appreciate offsetting losses from the drop in the long position's value.

Moving together with First Stock

0.65	AX	Axos Financial	Pair Corr
0.66	BY	Byline Bancorp Fiscal Year End 23rd of January 2025	Pair Corr
0.71	PB	Prosperity Bancshares Fiscal Year End 22nd of January 2025	Pair Corr

Moving against First Stock

0.73	WF	Woori Financial Group	Pair Corr
0.44	TFC-PO	Truist Financial	Pair Corr
0.37	TFC-PR	Truist Financial	Pair Corr
0.31	CFG-PE	Citizens Financial	Pair Corr

The ability to find closely correlated positions to First Merchants could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace First Merchants when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back First Merchants - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling First Merchants to buy it.

The correlation of First Merchants is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as First Merchants moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if First Merchants moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for First Merchants can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

Additional Tools for First Stock Analysis

When running First Merchants' price analysis, check to measure First Merchants' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy First Merchants is operating at the current time. Most of First Merchants' value examination focuses on studying past and present price action to predict the probability of First Merchants' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move First Merchants' price. Additionally, you may evaluate how the addition of First Merchants to your portfolios can decrease your overall portfolio volatility.

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First Net Debt from 2010 to 2024

Latest First Merchants' Net Debt Growth Pattern

First Net Debt Regression Statistics

First Net Debt History

Other Fundumenentals of First Merchants

First Merchants Net Debt component correlations

About First Merchants Financial Statements

Pair Trading with First Merchants

Moving together with First Stock

Moving against First Stock

Additional Tools for First Stock Analysis

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