CFG Bank (CAS:CFG) Debt-to-Equity : 4.89 (As of Jun. 2023)

View and export this data going back to 2023. Start your Free Trial

What is CFG Bank Debt-to-Equity?

CFG Bank's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was MAD0.00 Mil. CFG Bank's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was MAD4.85 Mil. CFG Bank's Total Stockholders Equity for the quarter that ended in Jun. 2023 was MAD0.99 Mil. CFG Bank's debt to equity for the quarter that ended in Jun. 2023 was 4.89.

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

CAS:CFG' s Debt-to-Equity Range Over the Past 10 Years
Min: 2.93 Med: 3.62 Max: 4.89
Current: 4.89

During the past 3 years, the highest Debt-to-Equity Ratio of CFG Bank was 4.89. The lowest was 2.93. And the median was 3.62.

CAS:CFG's Debt-to-Equity is ranked worse than
96.42% of 1396 companies
in the Banks industry
Industry Median: 0.65 vs CAS:CFG: 4.89

CFG Bank Debt-to-Equity Historical Data

The historical data trend for CFG 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.

CFG Bank Debt-to-Equity Chart

CFG Bank Annual Data

Trend

Dec20

Dec21

Dec22

Debt-to-Equity

2.93

3.95

3.29

CFG Bank Semi-Annual Data
	Dec20	Dec21	Jun22	Dec22	Jun23
Debt-to-Equity	2.93	3.95	N/A	3.29	4.89

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

For the Banks - Diversified subindustry, CFG 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.

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

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

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

CFG Bank Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

CFG 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	+	2.8)	/	0.852
	=	3.29

CFG Bank's Debt to Equity Ratio for the quarter that ended in Jun. 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	+	4.848)	/	0.991
	=	4.89

CFG Bank (CAS:CFG) 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.

CFG Bank Debt-to-Equity Related Terms

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

CFG Bank (CAS:CFG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » CFG Bank (CAS:CFG) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

5/7 Rue Ibnou Toufail, Casablanca, MAR

Website

https://www.cfgbank.com

CFG Bank is a financial services company which has organized itself around of the four main business lines of investment banking: corporate finance, stock market, asset management on behalf of third parties, investment capital.