Eastern Bankshares (FRA:EB0) Debt-to-Revenue : 0.11 (As of Mar. 2024)

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What is Eastern Bankshares Debt-to-Revenue?

Debt-to-Revenue measures a company's ability to pay off its debt.

Eastern Bankshares's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was €16.2 Mil. Eastern Bankshares's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was €48.5 Mil. Eastern Bankshares's annualized Revenue for the quarter that ended in Mar. 2024 was €575.6 Mil. Eastern Bankshares's annualized Debt-to-Revenue for the quarter that ended in Mar. 2024 was 0.11.

Eastern Bankshares Debt-to-Revenue Historical Data

The historical data trend for Eastern Bankshares's Debt-to-Revenue 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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Eastern Bankshares Debt-to-Revenue Chart

Eastern Bankshares Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Revenue

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0.06

0.05

0.07

1.16

0.16

Eastern Bankshares Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Revenue	Get a 7-Day Free Trial															N/A	0.45	1.15	0.08	0.11

Competitive Comparison of Eastern Bankshares's Debt-to-Revenue

For the Banks - Regional subindustry, Eastern Bankshares's Debt-to-Revenue, along with its competitors' market caps and Debt-to-Revenue 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.

Eastern Bankshares's Debt-to-Revenue Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Eastern Bankshares's Debt-to-Revenue distribution charts can be found below:

* The bar in red indicates where Eastern Bankshares's Debt-to-Revenue falls into.

Eastern Bankshares Debt-to-Revenue Calculation

Debt-to-Revenue measures a company's ability to pay off its debt.

Eastern Bankshares's Debt-to-Revenue for the fiscal year that ended in Dec. 2023 is calculated as

Debt-to-Revenue	=	Total Debt			/	Revenue
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Revenue
	=	(0.087	+	44.127)	/	282.61
	=	0.16

Eastern Bankshares's annualized Debt-to-Revenue for the quarter that ended in Mar. 2024 is calculated as

Debt-to-Revenue	=	Total Debt			/	Revenue
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Revenue
	=	(16.17	+	48.534)	/	575.632
	=	0.11

In the calculation of annual Debt-to-Revenue, the Revenue of the last fiscal year is used. In calculating the annualized quarterly data, the Revenue data used here is four times the quarterly (Mar. 2024) Revenue data.

Eastern Bankshares Debt-to-Revenue Related Terms

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Eastern Bankshares (FRA:EB0) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Eastern Bankshares Inc (FRA:EB0) » Definitions » Debt-to-Revenue

Comparable Companies

Traded in Other Exchanges

EBC:USA

Address

265 Franklin Street, Boston, MA, USA, 02110

Website

https://www.easternbank.com

Eastern Bankshares Inc is a commercial bank that caters its products and services to retail, commercial, and small business customers. Its diversified products and services include lending, deposit, wealth management, and insurance products. The company has two operating segments; Banking business offers a range of commercial, retail, wealth management, and banking services, and consists of attracting deposits from the general public and investing those deposits, together with borrowings and funds generated from operations and the Insurance agency business segment consist of insurance-related activities, acting as an independent agent in offering commercial, personal and employee benefits insurance products to individual and commercial clients.

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