First Abacus Financial Holdings (PHS:FAF) Debt-to-Equity : 8.33 (As of Mar. 2024)

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What is First Abacus Financial Holdings Debt-to-Equity?

First Abacus Financial Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₱5,903.50 Mil. First Abacus Financial Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₱0.00 Mil. First Abacus Financial Holdings's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₱708.49 Mil. First Abacus Financial Holdings's debt to equity for the quarter that ended in Mar. 2024 was 8.33.

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 First Abacus Financial Holdings's Debt-to-Equity or its related term are showing as below:

PHS:FAF' s Debt-to-Equity Range Over the Past 10 Years
Min: 1.06 Med: 5.46 Max: 9.68
Current: 8.33

During the past 13 years, the highest Debt-to-Equity Ratio of First Abacus Financial Holdings was 9.68. The lowest was 1.06. And the median was 5.46.

PHS:FAF's Debt-to-Equity is ranked worse than
98.69% of 611 companies
in the Capital Markets industry
Industry Median: 0.36 vs PHS:FAF: 8.33

First Abacus Financial Holdings Debt-to-Equity Historical Data

The historical data trend for First Abacus Financial Holdings'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.

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First Abacus Financial Holdings Debt-to-Equity Chart

First Abacus Financial Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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6.57

5.89

5.35

5.80

9.68

First Abacus Financial Holdings 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															6.02	6.52	6.27	9.68	8.33

Competitive Comparison of First Abacus Financial Holdings's Debt-to-Equity

For the Capital Markets subindustry, First Abacus Financial Holdings'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.

First Abacus Financial Holdings's Debt-to-Equity Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, First Abacus Financial Holdings's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where First Abacus Financial Holdings's Debt-to-Equity falls into.

First Abacus Financial Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

First Abacus Financial Holdings'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
	=	(5886.452	+	0)	/	607.945
	=	9.68

First Abacus Financial Holdings'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
	=	(5903.501	+	0)	/	708.491
	=	8.33

First Abacus Financial Holdings (PHS:FAF) 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.

First Abacus Financial Holdings Debt-to-Equity Related Terms

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First Abacus Financial Holdings (PHS:FAF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » First Abacus Financial Holdings Corp (PHS:FAF) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Exchange Road, Ortigas Center, Unit 2904-A East Tower, Philippine Stock Exchange Centre, Pasig, PHL, 1600

Website

http://www.firstabacusfinancial.com.ph

First Abacus Financial Holdings Corp is engaged in, through its subsidiaries, stockbroking activities, investment banking, real estate business, and other financial services. The company provides financial advisory services, debt underwriting and loan arrangements service, treasury sales service, and others. Its segments include Securities brokerage; Investment banking; Leasing and others, of which key revenue is generated from the Securities brokerage segment which handles buying and selling of shares of stock, bonds, and other securities.