Unity Bank (NSA:UBP) Debt-to-Equity : -0.90 (As of Dec. 2022)

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What is Unity Bank Debt-to-Equity?

Unity Bank's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2022 was ₦0 Mil. Unity Bank's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2022 was ₦246,793 Mil. Unity Bank's Total Stockholders Equity for the quarter that ended in Dec. 2022 was ₦-274,948 Mil. Unity Bank's debt to equity for the quarter that ended in Dec. 2022 was -0.90.

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

NSA:UBP' s Debt-to-Equity Range Over the Past 10 Years
Min: -0.94 Med: -0.55 Max: 0.43
Current: -0.9

During the past 8 years, the highest Debt-to-Equity Ratio of Unity Bank was 0.43. The lowest was -0.94. And the median was -0.55.

NSA:UBP's Debt-to-Equity is not ranked
in the Banks industry.
Industry Median: 0.65 vs NSA:UBP: -0.90

Unity Bank Debt-to-Equity Historical Data

The historical data trend for Unity 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.

Unity Bank Debt-to-Equity Chart

Unity Bank Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Debt-to-Equity

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-0.44

-0.66

-0.78

-0.94

-0.90

Unity Bank Semi-Annual Data
	Dec15	Dec16	Dec17	Dec18	Dec19	Dec20	Dec21	Dec22
Debt-to-Equity	Get a 7-Day Free Trial			-0.44	-0.66	-0.78	-0.94	-0.90

Competitive Comparison of Unity Bank's Debt-to-Equity

For the Banks - Regional subindustry, Unity 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.

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

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

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

Unity Bank Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Unity Bank's Debt to Equity Ratio for the fiscal year that ended in Dec. 2022 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	+	246792.778)	/	-274948.167
	=	-0.90

Unity Bank's Debt to Equity Ratio for the quarter that ended in Dec. 2022 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	+	246792.778)	/	-274948.167
	=	-0.90

Unity Bank (NSA:UBP) 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.

Unity Bank Debt-to-Equity Related Terms

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

Unity Bank (NSA:UBP) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

Plot 42, Ahmed Onibudo Street, Victoria Island, Lagos, NGA

Website

http://www.unitybankng.com

Unity Bank PLC provides a range of retail, corporate, treasury and investment banking services in Nigeria. The Bank's offerings include Private banking, Digital Banking, Business banking, custody services, consumer loans & mortgages, structured financing, corporate leasing services among others. It has six Business segments Corporate Banking, Commercial Banking, Personal Banking, Private Banking, SME and Institutional Banking. The Bank operated Two geographical segments in addition to the Head Office which are: North and South Bank, of which it dervies majority revenue from North Bank.