Custodian Investment (NSA:CUSTODIAN) Debt-to-Equity : 0.03 (As of Sep. 2023)

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What is Custodian Investment Debt-to-Equity?

Custodian Investment's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ₦2,147 Mil. Custodian Investment's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ₦0 Mil. Custodian Investment's Total Stockholders Equity for the quarter that ended in Sep. 2023 was ₦70,237 Mil. Custodian Investment's debt to equity for the quarter that ended in Sep. 2023 was 0.03.

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 Custodian Investment's Debt-to-Equity or its related term are showing as below:

NSA:CUSTODIAN' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.03 Med: 0.05 Max: 0.11
Current: 0.03

During the past 11 years, the highest Debt-to-Equity Ratio of Custodian Investment was 0.11. The lowest was 0.03. And the median was 0.05.

NSA:CUSTODIAN's Debt-to-Equity is ranked better than
85.23% of 386 companies
in the Insurance industry
Industry Median: 0.25 vs NSA:CUSTODIAN: 0.03

Custodian Investment Debt-to-Equity Historical Data

The historical data trend for Custodian Investment'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.

Custodian Investment Debt-to-Equity Chart

Custodian Investment Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Debt-to-Equity

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0.11

0.05

0.03

Custodian Investment Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial															0.04	0.03	0.03	0.03	0.03

Competitive Comparison of Custodian Investment's Debt-to-Equity

For the Insurance - Diversified subindustry, Custodian Investment'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.

Custodian Investment's Debt-to-Equity Distribution in the Insurance Industry

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

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

Custodian Investment Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Custodian Investment'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
	=	(2179.173	+	0)	/	63170.401
	=	0.03

Custodian Investment's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(2146.881	+	0)	/	70236.948
	=	0.03

Custodian Investment (NSA:CUSTODIAN) 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.

Custodian Investment Debt-to-Equity Related Terms

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

Custodian Investment (NSA:CUSTODIAN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Custodian Investment PLC (NSA:CUSTODIAN) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

16A, Commercial Avenue, Custodian House, P.O. Box 2101, Sabo, Yaba, Lagos, NGA

Website

https://www.custodianplc.com.ng

Custodian Investment PLC is an investment holding company in Nigeria. It operates in five segments. In the Non-life business segment, it offers insurance products like engineering, aviation, marine liability, motor liability, oil and energy, fire, and property for personal and corporate customers. In the Life business segment, it offers life insurance products including annuity, endowment, and investment-oriented products. The pension administration segment includes the administration and management of the retirement benefits of members. Trustees and others segment includes trustee management and corporate services. A vast majority of revenues is received from the non-life business segment within Nigeria.

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