Century Next Financial (Century Next Financial) Debt-to-Equity : 0.11 (As of Mar. 2024)

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What is Century Next Financial Debt-to-Equity?

Century Next Financial's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $0.00 Mil. Century Next Financial's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $8.45 Mil. Century Next Financial's Total Stockholders Equity for the quarter that ended in Mar. 2024 was $74.57 Mil. Century Next Financial's debt to equity for the quarter that ended in Mar. 2024 was 0.11.

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

CTUY' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.11 Med: 0.26 Max: 0.99
Current: 0.11

During the past 13 years, the highest Debt-to-Equity Ratio of Century Next Financial was 0.99. The lowest was 0.11. And the median was 0.26.

CTUY's Debt-to-Equity is ranked better than
89.38% of 1393 companies
in the Banks industry
Industry Median: 0.66 vs CTUY: 0.11

Century Next Financial Debt-to-Equity Historical Data

The historical data trend for Century Next 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.

* Premium members only.

Century Next Financial Debt-to-Equity Chart

Century Next Financial Annual Data

Trend

Dec12

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.29

0.26

0.24

0.22

0.12

Century Next Financial Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															0.22	0.22	0.12	0.12	0.11

Competitive Comparison of Century Next Financial's Debt-to-Equity

For the Banks - Regional subindustry, Century Next 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.

Century Next Financial's Debt-to-Equity Distribution in the Banks Industry

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

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

Century Next Financial Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Century Next 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	+	8.454)	/	71.893
	=	0.12

Century Next 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	+	8.454)	/	74.568
	=	0.11

Century Next Financial (OTCPK:CTUY) 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.

Century Next Financial Debt-to-Equity Related Terms

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

Century Next Financial (Century Next Financial) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Century Next Financial Corp (OTCPK:CTUY) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

505 North Vienna Street, Ruston, LA, USA, 71270

Website

https://www.cnext.bank

Century Next Financial Corp is the United States-based holding company for Bank of Ruston. The Bank is a full-service bank that emphasizes professional and personal banking services directed to small and medium-sized businesses, professionals, and individuals. The Bank provides a full range of banking services including its business of real estate lending to residential and commercial customers.

Executives

William D Hogan	director, officer: EVP Business Development	CENTURY NEXT FINANCIAL CORPORATION, 505 NORTH VIENNA STREET, RUSTON LA 71270
Thomas W Rogers	director	CENTURY NEXT FINANCIAL CORPORATION, 505 NORTH VIENNA STREET, RUSTON LA 71270
David Layne Weeks	officer: SVP and Chief Credit Officer*	BANK OF RUSTON, 505 N. VIENNA STREET, RUSTON LA 71270
Mark Anthony Taylor	officer: Chief Financial Officer	CENTURY NEXT FINANCIAL CORPORATION, 505 NORTH VIENNA STREET, RUSTON LA 71270
Oneal Dan E Iii	director	CENTURY NEXT FINANCIAL CORPORATION, 505 NORTH VIENNA STREET, RUSTON LA 71270
Benjamin L Denny	director, officer: President and CEO	CENTURY NEXT FINANCIAL CORPORATION, 505 NORTH VIENNA STREET, RUSTON LA 71270
Warren L Post	officer: (1) VP and Mortgage Lender	CENTURY NEXT FINANCIAL CORPORATION, 505 NORTH VIENNA STREET, RUSTON LA 71270
Lorie R Hamlin	officer: (1) VP and Operations Manager	CENTURY NEXT FINANCIAL CORPORATION, 505 NORTH VIENNA STREET, RUSTON LA 71270
James H Hall	officer: (1) SVP & Chief Credit Officer	CENTURY NEXT FINANCIAL CORPORATION, 505 NORTH VIENNA STREET, RUSTON LA 71270
Scott R Thompson	director	CENTURY NEXT FINANCIAL CORPORATION, 505 NORTH VIENNA STREET, RUSTON LA 71270
Daniel D Reneau	director	CENTURY NEXT FINANCIAL CORPORATION, 505 NORTH VIENNA STREET, RUSTON LA 71270
Barbara L Ford	officer: (1) SVP and IT Officer	CENTURY NEXT FINANCIAL CORPORATION, 505 NORTH VIENNA STREET, RUSTON LA 71270
G Randall Allison	officer: (1) Vice President and CFO	CENTURY NEXT FINANCIAL CORPORATION, 505 NORTH VIENNA STREET, RUSTON LA 71270
Neal Walpole	director	CENTURY NEXT FINANCIAL CORPORATION, 505 NORTH VIENNA STREET, RUSTON LA 71270
J Brandon Ewing	director	CENTURY NEXT FINANCIAL CORPORATION, 505 NORTH VIENNA STREET, RUSTON LA 71270