Nova Banka AD (XBLB:NOVB-R-E) Debt-to-Equity : 1.16 (As of Jun. 2023)

View and export this data going back to 2008. Start your Free Trial

What is Nova Banka AD Debt-to-Equity?

Nova Banka AD's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was BAM0.0 Mil. Nova Banka AD's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was BAM322.2 Mil. Nova Banka AD's Total Stockholders Equity for the quarter that ended in Jun. 2023 was BAM278.6 Mil. Nova Banka AD's debt to equity for the quarter that ended in Jun. 2023 was 1.16.

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 Nova Banka AD's Debt-to-Equity or its related term are showing as below:

XBLB:NOVB-R-E' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.25 Med: 1.45 Max: 1.86
Current: 1.16

During the past 13 years, the highest Debt-to-Equity Ratio of Nova Banka AD was 1.86. The lowest was 0.25. And the median was 1.45.

XBLB:NOVB-R-E's Debt-to-Equity is not ranked
in the Banks industry.
Industry Median: 0.65 vs XBLB:NOVB-R-E: 1.16

Nova Banka AD Debt-to-Equity Historical Data

The historical data trend for Nova Banka AD'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.

Nova Banka AD Debt-to-Equity Chart

Nova Banka AD Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Debt-to-Equity

Get a 7-Day Free Trial

1.59

1.75

1.77

1.57

0.98

Nova Banka AD Semi-Annual Data
	Dec11	Dec12	Dec13	Dec14	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Debt-to-Equity	Get a 7-Day Free Trial															1.53	1.57	1.41	0.98	1.16

Competitive Comparison of Nova Banka AD's Debt-to-Equity

For the Banks - Regional subindustry, Nova Banka AD'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.

Nova Banka AD's Debt-to-Equity Distribution in the Banks Industry

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

* The bar in red indicates where Nova Banka AD's Debt-to-Equity falls into.

Nova Banka AD Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Nova Banka AD'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
	=	(0	+	388.741)	/	397.538
	=	0.98

Nova Banka AD's Debt to Equity Ratio for the quarter that ended in Jun. 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	+	322.233)	/	278.573
	=	1.16

Nova Banka AD (XBLB:NOVB-R-E) 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.

Nova Banka AD Debt-to-Equity Related Terms

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

Nova Banka AD (XBLB:NOVB-R-E) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Nova Banka AD (XBLB:NOVB-R-E) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

37A Kralja Alfonsa XIII Street, Banja Luka, BIH, 78 000

Website

https://www.novabanka.com

Nova Banka AD is engaged in providing banking services. The services include loans, documentary work, deposits and savings, payment transactions and money transfers, and currency exchange transactions. The bank also provides non-banking activities such as broker operations, custody operations, factoring, and forfeiting. Its operating segments include Corporate, Retail, Financial market, and others.

Nova Banka AD (XBLB:NOVB-R-E) Headlines

No Headlines