ABSA Bank Kenya (NAI:ABSA) Debt-to-Equity : 0.38 (As of Dec. 2023)

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What is ABSA Bank Kenya Debt-to-Equity?

ABSA Bank Kenya's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was KES0 Mil. ABSA Bank Kenya's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was KES25,933 Mil. ABSA Bank Kenya's Total Stockholders Equity for the quarter that ended in Dec. 2023 was KES69,195 Mil. ABSA Bank Kenya's debt to equity for the quarter that ended in Dec. 2023 was 0.37.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for ABSA Bank Kenya's Debt-to-Equity or its related term are showing as below:

NAI:ABSA' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.06 Med: 0.15 Max: 0.38
Current: 0.38

During the past 13 years, the highest Debt-to-Equity Ratio of ABSA Bank Kenya was 0.38. The lowest was 0.06. And the median was 0.15.

NAI:ABSA's Debt-to-Equity is ranked better than
67.31% of 1395 companies
in the Banks industry
Industry Median: 0.65 vs NAI:ABSA: 0.38

ABSA Bank Kenya Debt-to-Equity Historical Data

The historical data trend for ABSA Bank Kenya's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

ABSA Bank Kenya Debt-to-Equity Chart

ABSA Bank Kenya Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.20

0.21

0.17

0.33

0.38

ABSA Bank Kenya Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.33	0.06	0.07	-	0.38

Competitive Comparison of ABSA Bank Kenya's Debt-to-Equity

For the Banks - Regional subindustry, ABSA Bank Kenya's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

ABSA Bank Kenya's Debt-to-Equity Distribution in the Banks Industry

For the Banks industry and Financial Services sector, ABSA Bank Kenya's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where ABSA Bank Kenya's Debt-to-Equity falls into.

ABSA Bank Kenya Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

ABSA Bank Kenya's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(0	+	25933)	/	69195
	=	0.37

ABSA Bank Kenya's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(0	+	25933)	/	69195
	=	0.37

ABSA Bank Kenya (NAI:ABSA) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

ABSA Bank Kenya Debt-to-Equity Related Terms

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ABSA Bank Kenya (NAI:ABSA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » ABSA Bank Kenya PLC (NAI:ABSA) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Waiyaki Way, P.O. Box 30120, Nairobi, KEN, 00100

Website

https://www.absabank.co.ke

ABSA Bank Kenya PLC is a diversified financial services company offering clients a range of retail, business, corporate and investment, and wealth management solutions. The company's operating segment includes Consumer banking and Corporate banking. It generates maximum revenue from the Consumer Banking segment. The Consumer Banking segment incorporates private customer current accounts, savings, deposits, credit and debit cards, consumer loans, and mortgages. Its Corporate Banking segment includes the business model that centers on delivering specialist investment banking, financing, risk management, and advisory solutions across asset classes to corporates, financial institutions, and government clients.

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