PennyMac Financial Services (FRA:1AC) Debt-to-Equity : 4.12 (As of Mar. 2024)

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What is PennyMac Financial Services Debt-to-Equity?

PennyMac Financial Services's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was €5,001 Mil. PennyMac Financial Services's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was €8,520 Mil. PennyMac Financial Services's Total Stockholders Equity for the quarter that ended in Mar. 2024 was €3,285 Mil. PennyMac Financial Services's debt to equity for the quarter that ended in Mar. 2024 was 4.12.

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

FRA:1AC' s Debt-to-Equity Range Over the Past 10 Years
Min: 2.72 Med: 5.82 Max: 11.27
Current: 4.12

During the past 13 years, the highest Debt-to-Equity Ratio of PennyMac Financial Services was 11.27. The lowest was 2.72. And the median was 5.82.

FRA:1AC's Debt-to-Equity is ranked worse than
95.05% of 1393 companies
in the Banks industry
Industry Median: 0.66 vs FRA:1AC: 4.12

PennyMac Financial Services Debt-to-Equity Historical Data

The historical data trend for PennyMac Financial Services'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.

PennyMac Financial Services Debt-to-Equity Chart

PennyMac Financial Services Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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3.45

7.94

4.09

3.38

3.81

PennyMac Financial Services 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															4.40	3.74	3.89	3.81	4.12

Competitive Comparison of PennyMac Financial Services's Debt-to-Equity

For the Mortgage Finance subindustry, PennyMac Financial Services'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.

PennyMac Financial Services's Debt-to-Equity Distribution in the Banks Industry

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

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

PennyMac Financial Services Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

PennyMac Financial Services'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
	=	(3451.548	+	8923.189)	/	3244.899
	=	3.81

PennyMac Financial Services'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
	=	(5000.526	+	8519.639)	/	3284.752
	=	4.12

PennyMac Financial Services (FRA:1AC) 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.

PennyMac Financial Services Debt-to-Equity Related Terms

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

PennyMac Financial Services (FRA:1AC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » PennyMac Financial Services Inc (FRA:1AC) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

PFSI:USA

Address

3043 Townsgate Road, Suite 200, Westlake Village, CA, USA, 91361

Website

https://ir.pennymacfinancial.com

PennyMac Financial Services Inc is a United States-based financial services company primarily engaged in mortgage lending. The company operates through three segments: production, servicing, and investment management. The company's production and servicing segment together form the mortgage banking business that includes mortgage loan origination, acquisition, and sale activities; while the investment management segment includes investment manager's activities, such as performing diligence, and managing acquired assets. The company generates the majority of revenue from its mortgage banking business.

PennyMac Financial Services (FRA:1AC) Headlines

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