Abbey Mortgage Bank (NSA:ABBEYBDS) Debt-to-Equity : 0.50 (As of Dec. 2023)

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What is Abbey Mortgage Bank Debt-to-Equity?

Abbey Mortgage Bank's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₦0 Mil. Abbey Mortgage Bank's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₦4,290 Mil. Abbey Mortgage Bank's Total Stockholders Equity for the quarter that ended in Dec. 2023 was ₦8,570 Mil. Abbey Mortgage Bank's debt to equity for the quarter that ended in Dec. 2023 was 0.50.

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 Abbey Mortgage Bank's Debt-to-Equity or its related term are showing as below:

NSA:ABBEYBDS' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.03 Med: 0.06 Max: 0.5
Current: 0.5

During the past 8 years, the highest Debt-to-Equity Ratio of Abbey Mortgage Bank was 0.50. The lowest was 0.03. And the median was 0.06.

NSA:ABBEYBDS's Debt-to-Equity is ranked better than
59.81% of 1396 companies
in the Banks industry
Industry Median: 0.65 vs NSA:ABBEYBDS: 0.50

Abbey Mortgage Bank Debt-to-Equity Historical Data

The historical data trend for Abbey Mortgage Bank'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.

Abbey Mortgage Bank Debt-to-Equity Chart

Abbey Mortgage Bank Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.06

0.08

0.03

0.04

0.50

Abbey Mortgage Bank Semi-Annual Data
	Dec16	Dec17	Dec18	Dec19	Dec20	Dec21	Dec22	Dec23
Debt-to-Equity	Get a 7-Day Free Trial			0.06	0.08	0.03	0.04	0.50

Competitive Comparison of Abbey Mortgage Bank's Debt-to-Equity

For the Banks - Regional subindustry, Abbey Mortgage Bank'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.

Abbey Mortgage Bank's Debt-to-Equity Distribution in the Banks Industry

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

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

Abbey Mortgage Bank Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Abbey Mortgage Bank'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	+	4289.524)	/	8569.698
	=	0.50

Abbey Mortgage Bank'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	+	4289.524)	/	8569.698
	=	0.50

Abbey Mortgage Bank (NSA:ABBEYBDS) 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.

Abbey Mortgage Bank Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Abbey Mortgage Bank's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Abbey Mortgage Bank (NSA:ABBEYBDS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Abbey Mortgage Bank PLC (NSA:ABBEYBDS) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No 23, Karimu Kotun Street, Victoria Island, Lagos, NGA

Website

http://www.abbeymortgagebank.com

Abbey Mortgage Bank PLC provides loan, mortgage and banking services to corporate and individual customers. The Bank's operations are geographically divided into two segments based on its operations within the northern and southern Nigeria The company offers a savings account, deposits, fund management services, personal loan, real estate and mortgage services and construction financing, among others.

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