Ecobank Transnational (NSA:ETI) Debt-to-Equity : 2.56 (As of Mar. 2024)

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What is Ecobank Transnational Debt-to-Equity?

Ecobank Transnational's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₦0 Mil. Ecobank Transnational's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₦3,725,609 Mil. Ecobank Transnational's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₦1,453,756 Mil. Ecobank Transnational's debt to equity for the quarter that ended in Mar. 2024 was 2.56.

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 Ecobank Transnational's Debt-to-Equity or its related term are showing as below:

NSA:ETI' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.5 Med: 1.32 Max: 2.56
Current: 2.56

During the past 13 years, the highest Debt-to-Equity Ratio of Ecobank Transnational was 2.56. The lowest was 0.50. And the median was 1.32.

NSA:ETI's Debt-to-Equity is ranked worse than
81.81% of 1396 companies
in the Banks industry
Industry Median: 0.65 vs NSA:ETI: 2.56

Ecobank Transnational Debt-to-Equity Historical Data

The historical data trend for Ecobank Transnational'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.

Ecobank Transnational Debt-to-Equity Chart

Ecobank Transnational Annual Data

Trend

Dec13

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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1.38

1.25

1.44

1.39

1.87

Ecobank Transnational 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															1.75	1.76	1.87	1.87	2.56

Competitive Comparison of Ecobank Transnational's Debt-to-Equity

For the Banks - Regional subindustry, Ecobank Transnational'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.

Ecobank Transnational's Debt-to-Equity Distribution in the Banks Industry

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

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

Ecobank Transnational Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Ecobank Transnational'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	+	3104246.257)	/	1656494.645
	=	1.87

Ecobank Transnational'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	+	3725608.882)	/	1453756.144
	=	2.56

Ecobank Transnational (NSA:ETI) 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.

Ecobank Transnational Debt-to-Equity Related Terms

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

Ecobank Transnational (NSA:ETI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Ecobank Transnational Inc (NSA:ETI) » Definitions » Debt-to-Equity

Traded in Other Exchanges

ETI:Ghana ETIT:Cote d'Ivoire

Address

2365, Boulevard du Mono, Lome, TGO, 3261

Website

https://www.ecobank.com

Ecobank Transnational Inc is a pan-African banking group that through its subsidiaries provides retail, investment, and corporate banking services to governments, financial institutions, multinationals, local companies, small and mid-size enterprises(SMEs), and individuals. It provides banking services throughout sub-Saharan Africa outside South Africa. Its activities are grouped into three customer-focused business segments namely Corporate and Investment Bank, Commercial banking, and Consumer. The company's Geographical segments include Francophone West Africa (UEMOA), Nigeria, Anglophone West Africa (AWA), Central, Eastern and Southern Africa (CESA), and others.

Ecobank Transnational (NSA:ETI) Headlines

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