Financiera IndependenciaB de CV Sofom E N R (Financiera IndependenciaB de CV Sofom E N R) Debt-to-Equity : 0.71 (As of Mar. 2024)

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What is Financiera IndependenciaB de CV Sofom E N R Debt-to-Equity?

Financiera IndependenciaB de CV Sofom E N R's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $0.0 Mil. Financiera IndependenciaB de CV Sofom E N R's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $228.2 Mil. Financiera IndependenciaB de CV Sofom E N R's Total Stockholders Equity for the quarter that ended in Mar. 2024 was $323.7 Mil. Financiera IndependenciaB de CV Sofom E N R's debt to equity for the quarter that ended in Mar. 2024 was 0.71.

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 Financiera IndependenciaB de CV Sofom E N R's Debt-to-Equity or its related term are showing as below:

FNCRF' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.71 Med: 1.48 Max: 1.86
Current: 0.71

During the past 13 years, the highest Debt-to-Equity Ratio of Financiera IndependenciaB de CV Sofom E N R was 1.86. The lowest was 0.71. And the median was 1.48.

FNCRF's Debt-to-Equity is ranked better than
61.45% of 428 companies
in the Credit Services industry
Industry Median: 1.15 vs FNCRF: 0.71

Financiera IndependenciaB de CV Sofom E N R Debt-to-Equity Historical Data

The historical data trend for Financiera IndependenciaB de CV Sofom E N R'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.

Financiera IndependenciaB de CV Sofom E N R Debt-to-Equity Chart

Financiera IndependenciaB de CV Sofom E N R Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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1.75

1.46

1.21

1.28

0.84

Financiera IndependenciaB de CV Sofom E N R 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															1.12	0.95	1.02	0.84	0.71

Competitive Comparison of Financiera IndependenciaB de CV Sofom E N R's Debt-to-Equity

For the Credit Services subindustry, Financiera IndependenciaB de CV Sofom E N R'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.

Financiera IndependenciaB de CV Sofom E N R's Debt-to-Equity Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Financiera IndependenciaB de CV Sofom E N R's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Financiera IndependenciaB de CV Sofom E N R's Debt-to-Equity falls into.

Financiera IndependenciaB de CV Sofom E N R Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Financiera IndependenciaB de CV Sofom E N R'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	+	261.389)	/	312.904
	=	0.84

Financiera IndependenciaB de CV Sofom E N R'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	+	228.196)	/	323.657
	=	0.71

Financiera IndependenciaB de CV Sofom E N R (OTCPK:FNCRF) 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.

Financiera IndependenciaB de CV Sofom E N R Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Financiera IndependenciaB de CV Sofom E N R's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Financiera IndependenciaB de CV Sofom E N R (Financiera IndependenciaB de CV Sofom E N R) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Financiera Independencia SAB de CV Sofom E N R (OTCPK:FNCRF) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

FINDEP:Mexico

Address

Prolongacion Paseo de la Reforma No. 600, Int. 420, Col. Santa Fe Pena Blanca, Mexico DF, MEX, 01210

Website

http://www.independencia.com.mx

Financiera Independencia SAB de CV Sofom E N R operates as a microfinance company. The company offers Credipopular for self-employed individuals, CrediMama for mothers with a child, CrediInmediato for employed individuals.

Financiera IndependenciaB de CV Sofom E N R (Financiera IndependenciaB de CV Sofom E N R) Headlines

From GuruFocus

Financiera Independencia Announces Early Results and Extension of the Early Exchange Payment for its Exchange Offer for Any and All of its 8.000% Senior Notes due 2024 and Related Consent Solicitation

By PRNewswire PRNewswire • 02-04-2023