United Finance (DHA:UNITEDFIN) Debt-to-Equity : 0.80 (As of Mar. 2024)

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

What is United Finance Debt-to-Equity?

United Finance's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was BDT0 Mil. United Finance's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was BDT2,602 Mil. United Finance's Total Stockholders Equity for the quarter that ended in Mar. 2024 was BDT3,242 Mil. United Finance's debt to equity for the quarter that ended in Mar. 2024 was 0.80.

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

DHA:UNITEDFIN' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.35 Med: 0.75 Max: 1.72
Current: 0.8

During the past 13 years, the highest Debt-to-Equity Ratio of United Finance was 1.72. The lowest was 0.35. And the median was 0.75.

DHA:UNITEDFIN's Debt-to-Equity is ranked better than
56.94% of 432 companies
in the Credit Services industry
Industry Median: 1.13 vs DHA:UNITEDFIN: 0.80

United Finance Debt-to-Equity Historical Data

The historical data trend for United Finance'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.

United Finance Debt-to-Equity Chart

United Finance Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

0.59

0.35

0.81

0.58

United Finance 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															0.82	1.02	0.76	0.58	0.80

Competitive Comparison of United Finance's Debt-to-Equity

For the Credit Services subindustry, United Finance'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.

United Finance's Debt-to-Equity Distribution in the Credit Services Industry

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

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

United Finance Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

United Finance'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	+	1885.942)	/	3241.237
	=	0.58

United Finance'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	+	2601.733)	/	3242.34
	=	0.80

United Finance (DHA:UNITEDFIN) 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.

United Finance Debt-to-Equity Related Terms

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

United Finance (DHA:UNITEDFIN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » United Finance Ltd (DHA:UNITEDFIN) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

22 Kazi Nazrul Islam Avenue, Camellia House, Dhaka, BGD, 1000

Website

https://www.unitedfinance.com.bd

United Finance Ltd is a financial services company. It provides financial services which includes lease finance for acquiring assets for industrial and commercial use; term loans for meeting long-term funding requirement; short-term working capital solutions and home loans. The company provides services like Deposits, Working Capital and Term Financing. United Finance has various schemes like Insured Deposit Scheme, Shanchoy Scheme; Millionaire Plus Schemes and others. It also serves Pharmaceuticals; Metallic Industries; Hotel and Resorts and Textile Industries.

United Finance (DHA:UNITEDFIN) Headlines

No Headlines