Barita Investments (XJAM:BIL) Debt-to-Equity : 0.26 (As of Mar. 2024)

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What is Barita Investments Debt-to-Equity?

Barita Investments's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was JMD0 Mil. Barita Investments's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was JMD9,241 Mil. Barita Investments's Total Stockholders Equity for the quarter that ended in Mar. 2024 was JMD35,603 Mil. Barita Investments's debt to equity for the quarter that ended in Mar. 2024 was 0.26.

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 Barita Investments's Debt-to-Equity or its related term are showing as below:

XJAM:BIL' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.11 Max: 0.41
Current: 0.26

During the past 13 years, the highest Debt-to-Equity Ratio of Barita Investments was 0.41. The lowest was 0.00. And the median was 0.11.

XJAM:BIL's Debt-to-Equity is ranked better than
56.63% of 611 companies
in the Capital Markets industry
Industry Median: 0.36 vs XJAM:BIL: 0.26

Barita Investments Debt-to-Equity Historical Data

The historical data trend for Barita Investments'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.

Barita Investments Debt-to-Equity Chart

Barita Investments Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Debt-to-Equity

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0.01

0.03

0.04

0.36

0.41

Barita Investments 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															0.39	0.41	0.41	0.32	0.26

Competitive Comparison of Barita Investments's Debt-to-Equity

For the Capital Markets subindustry, Barita Investments'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.

Barita Investments's Debt-to-Equity Distribution in the Capital Markets Industry

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

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

Barita Investments Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Barita Investments's Debt to Equity Ratio for the fiscal year 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
	=	(0	+	14595.018)	/	35386.603
	=	0.41

Barita Investments'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	+	9241.26)	/	35603.007
	=	0.26

Barita Investments (XJAM:BIL) 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.

Barita Investments Debt-to-Equity Related Terms

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Barita Investments (XJAM:BIL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Barita Investments Ltd (XJAM:BIL) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

15 Street Lucia Way, Kingston, JAM, 5

Website

https://www.barita.com

Barita Investments Ltd is a stock broking company. Its services include fixed-income services, fund management services, and the operation of foreign exchange and other income. The group has three business segments; The fixed income segment includes money market activities and securities broking, the Funds management segment includes the administration of a number of managed funds, and the Other operations segment includes the operation of foreign exchange cambio, investment banking, stock broking, and any other income.