First National Financial (TSX:FN) Debt-to-Equity : 54.77 (As of Mar. 2024)

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What is First National Financial Debt-to-Equity?

First National Financial's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$0.0 Mil. First National Financial's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$42,021.6 Mil. First National Financial's Total Stockholders Equity for the quarter that ended in Mar. 2024 was C$767.3 Mil. First National Financial's debt to equity for the quarter that ended in Mar. 2024 was 54.77.

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 First National Financial's Debt-to-Equity or its related term are showing as below:

TSX:FN' s Debt-to-Equity Range Over the Past 10 Years
Min: 52.3 Med: 58.05 Max: 64.07
Current: 55.05

During the past 13 years, the highest Debt-to-Equity Ratio of First National Financial was 64.07. The lowest was 52.30. And the median was 58.05.

TSX:FN's Debt-to-Equity is ranked worse than
99.86% of 1394 companies
in the Banks industry
Industry Median: 0.68 vs TSX:FN: 55.05

First National Financial Debt-to-Equity Historical Data

The historical data trend for First National Financial'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.

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First National Financial Debt-to-Equity Chart

First National Financial Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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59.51

61.97

64.07

54.94

55.05

First National Financial Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															56.35	52.76	50.15	55.05	54.77

Competitive Comparison of First National Financial's Debt-to-Equity

For the Mortgage Finance subindustry, First National Financial'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.

First National Financial's Debt-to-Equity Distribution in the Banks Industry

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

* The bar in red indicates where First National Financial's Debt-to-Equity falls into.

First National Financial Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

First National Financial'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	+	40612.229)	/	737.763
	=	55.05

First National Financial's Debt to Equity Ratio for the quarter that ended in Mar. 2024 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	+	42021.574)	/	767.272
	=	54.77

First National Financial (TSX:FN) 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.

First National Financial Debt-to-Equity Related Terms

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

First National Financial (TSX:FN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » First National Financial Corp (TSX:FN) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

FNLIF:USA 63Z:Germany FN.PR.B.PFD:Canada FN.PR.A.PFD:Canada

Address

16 York Street, Suite 1900, Toronto, ON, CAN, M5J 0E6

Website

https://www.firstnational.ca

First National Financial Corp is the parent company of First National Financial LP, a Canadian originator, underwriter, and servicer of predominantly prime residential and commercial mortgages. The company controls its First National Mortgage Investment Fund, which manages economic exposure to a diversified portfolio of primarily commercial mezzanine mortgages. Most mortgages originated by First National are funded either by placement with institutional investors or through securitization conduits, in each case with retained servicing. In general, originations are allocated from one funding source to another depending on market conditions and strategic considerations related to maintaining diversified funding sources.