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First Finance Co (AMM:FFCO) Debt-to-Equity : 0.01 (As of Dec. 2023)


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What is First Finance Co Debt-to-Equity?

First Finance Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was JOD0.06 Mil. First Finance Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was JOD0.54 Mil. First Finance Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was JOD47.54 Mil. First Finance Co's debt to equity for the quarter that ended in Dec. 2023 was 0.01.

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 Finance Co's Debt-to-Equity or its related term are showing as below:

AMM:FFCO' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01   Med: 0.02   Max: 0.02
Current: 0.01

During the past 13 years, the highest Debt-to-Equity Ratio of First Finance Co was 0.02. The lowest was 0.01. And the median was 0.02.

AMM:FFCO's Debt-to-Equity is ranked better than
99.77% of 431 companies
in the Credit Services industry
Industry Median: 1.18 vs AMM:FFCO: 0.01

First Finance Co Debt-to-Equity Historical Data

The historical data trend for First Finance Co'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 Finance Co Debt-to-Equity Chart

First Finance Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.02 0.02 0.02 0.01 0.01

First Finance Co Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Debt-to-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.01 0.01 0.01 0.01 0.01

Competitive Comparison of First Finance Co's Debt-to-Equity

For the Credit Services subindustry, First Finance Co'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 Finance Co's Debt-to-Equity Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, First Finance Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where First Finance Co's Debt-to-Equity falls into.



First Finance Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

First Finance Co's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

First Finance Co's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

* 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.


First Finance Co  (AMM:FFCO) 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 Finance Co Debt-to-Equity Related Terms

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


First Finance Co (AMM:FFCO) Business Description

Traded in Other Exchanges
N/A
Address
King Abdullah II street, Building no. 172, Khalda, P.O. Box 144596, Amman, JOR, 11814
First Finance Co finances in various forms including direct financing of consumer goods and durables; real estate financing; finance small and medium projects; financing of stock and working capital. It offers automobile and vehicle finance for new and used cars, motorcycles, and boats and marine equipment; and real estate finance for building houses, construction materials, finishing works, maintenance and installation works, decoration works, and swimming pool construction. The company also invests in financial instruments.

First Finance Co (AMM:FFCO) Headlines

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