Sharjah Islamic Bank (ADX:SIB) Debt-to-Equity : 0.23 (As of Mar. 2024)

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What is Sharjah Islamic Bank Debt-to-Equity?

Sharjah Islamic Bank's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was د.إ0 Mil. Sharjah Islamic Bank's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was د.إ1,855 Mil. Sharjah Islamic Bank's Total Stockholders Equity for the quarter that ended in Mar. 2024 was د.إ8,056 Mil. Sharjah Islamic Bank's debt to equity for the quarter that ended in Mar. 2024 was 0.23.

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

ADX:SIB' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.23 Med: 0.74 Max: 1.15
Current: 0.23

During the past 13 years, the highest Debt-to-Equity Ratio of Sharjah Islamic Bank was 1.15. The lowest was 0.23. And the median was 0.74.

ADX:SIB's Debt-to-Equity is ranked better than
79.3% of 1391 companies
in the Banks industry
Industry Median: 0.65 vs ADX:SIB: 0.23

Sharjah Islamic Bank Debt-to-Equity Historical Data

The historical data trend for Sharjah Islamic 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.

Sharjah Islamic Bank Debt-to-Equity Chart

Sharjah Islamic Bank Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.74

0.72

0.48

0.23

Sharjah Islamic Bank 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															0.49	0.24	0.23	0.23	0.23

Competitive Comparison of Sharjah Islamic Bank's Debt-to-Equity

For the Banks - Regional subindustry, Sharjah Islamic 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.

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

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

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

Sharjah Islamic Bank Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Sharjah Islamic 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	+	1853.531)	/	8126.668
	=	0.23

Sharjah Islamic Bank'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	+	1854.81)	/	8055.792
	=	0.23

Sharjah Islamic Bank (ADX:SIB) 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.

Sharjah Islamic Bank Debt-to-Equity Related Terms

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Sharjah Islamic Bank (ADX:SIB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Sharjah Islamic Bank (ADX:SIB) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Sharjah Islamic Bank Tower, P.O. Box 4, Al Khan, Sharjah, ARE

Website

https://www.sib.ae

Sharjah Islamic Bank is engaged in providing banking activities, financing, and investing activities. The bank's activities comprise four main business segments namely corporate and government; retail; investment and treasury; and hospitality, brokerage and real estate. It generates a majority of its revenue from the corporate and government segment in which the bank provides Islamic financial products and services to the companies, institutions, and government departments.

Sharjah Islamic Bank (ADX:SIB) Headlines

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