Lloyds Banking Group (Lloyds Banking Group) Debt-to-Equity

: 1.99 (As of Dec. 2023)

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Lloyds Banking Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0 Mil. Lloyds Banking Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $118,567 Mil. Lloyds Banking Group's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $59,701 Mil. Lloyds Banking Group's debt to equity for the quarter that ended in Dec. 2023 was 1.99.

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 Lloyds Banking Group's Debt-to-Equity or its related term are showing as below:

LYG' s Debt-to-Equity Range Over the Past 10 Years
Min: 1.64 Med: 2.06 Max: 2.39
Current: 1.99

During the past 13 years, the highest Debt-to-Equity Ratio of Lloyds Banking Group was 2.39. The lowest was 1.64. And the median was 2.06.

LYG's Debt-to-Equity is ranked worse than
83.55% of 1398 companies
in the Banks industry
Industry Median: 0.7 vs LYG: 1.99

Lloyds Banking Group Debt-to-Equity Historical Data

The historical data trend for Lloyds Banking Group'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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Lloyds Banking Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

2.39

2.21

1.64

2.10

1.99

Lloyds Banking Group Quarterly Data
	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity																2.10	1.84	2.16	2.07	1.99

Competitive Comparison

For the Banks - Regional subindustry, Lloyds Banking Group'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.

Lloyds Banking Group Debt-to-Equity Distribution

For the Banks industry and Financial Services sector, Lloyds Banking Group's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Lloyds Banking Group's Debt-to-Equity falls into.

Lloyds Banking Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Lloyds Banking Group'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
	=	(0	+	118567.089)	/	59701.266
	=	1.99

Lloyds Banking Group's Debt to Equity Ratio for the quarter 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
	=	(0	+	118567.089)	/	59701.266
	=	1.99

Lloyds Banking Group (NYSE:LYG) 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.

Lloyds Banking Group Debt-to-Equity Related Terms

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Lloyds Banking Group (Lloyds Banking Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Lloyds Banking Group PLC (NYSE:LYG) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

LLDTF:USA LLOYl:UK LLPE.PFD:UK LLPD.PFD:UK LLPC.PFD:UK LLOY:UK LLD:Germany LLD:Germany LLD:Germany LLD:Germany L1YG34:Brazil LYG:Argentina

Address

25 Gresham Street, London, GBR, EC2V 7HN

Website

https://www.lloydsbankinggroup.com

Lloyds is a retail and commercial bank headquartered in the United Kingdom. The bank operates via three business segments: retail, commercial banking, and insurance and wealth. In retail, Lloyds offers primarily mortgages (66% of loan portfolio), credit cards, and current accounts to its customers. Its commercial banking operation provides lending, transaction banking, working capital management, and debt capital market services to large corporates and financial institutions in the U.K. Insurance and wealth rounds out the product lineup with life and property insurance as well as pension solutions and high-net-worth asset-management services.