Geneva Finance (NZSE:GFL) Debt-to-Equity : 2.70 (As of Sep. 2023)

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What is Geneva Finance Debt-to-Equity?

Geneva Finance's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was NZ$0.00 Mil. Geneva Finance's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was NZ$98.43 Mil. Geneva Finance's Total Stockholders Equity for the quarter that ended in Sep. 2023 was NZ$36.53 Mil. Geneva Finance's debt to equity for the quarter that ended in Sep. 2023 was 2.69.

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

NZSE:GFL' s Debt-to-Equity Range Over the Past 10 Years
Min: 1.84 Med: 2.33 Max: 3.4
Current: 2.7

During the past 13 years, the highest Debt-to-Equity Ratio of Geneva Finance was 3.40. The lowest was 1.84. And the median was 2.33.

NZSE:GFL's Debt-to-Equity is ranked worse than
70.3% of 431 companies
in the Credit Services industry
Industry Median: 1.13 vs NZSE:GFL: 2.70

Geneva Finance Debt-to-Equity Historical Data

The historical data trend for Geneva 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.

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Geneva Finance Debt-to-Equity Chart

Geneva Finance Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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2.56

2.51

2.50

2.34

2.51

Geneva Finance Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial															2.55	2.34	2.19	2.51	2.70

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

For the Credit Services subindustry, Geneva 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.

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

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

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

Geneva Finance Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Geneva Finance's Debt to Equity Ratio for the fiscal year that ended in Mar. 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
	=	(12.976	+	78.741)	/	36.508
	=	2.51

Geneva Finance's Debt to Equity Ratio for the quarter 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	+	98.432)	/	36.53
	=	2.69

Geneva Finance (NZSE:GFL) 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.

Geneva Finance Debt-to-Equity Related Terms

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

Geneva Finance (NZSE:GFL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Geneva Finance Ltd (NZSE:GFL) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

6B Pacific Rise, Mount Wellington, Panmure, Auckland, NZL, 1060

Website

https://www.genevafinance.co.nz

Geneva Finance Ltd is engaged in the provision of finance and financial services to the consumer credit markets. The company's operating segments are Corporate, New Business consumer finance, Insurance, Old Business consumer finance, Invoice Factoring, and Overseas. The New Business segment includes lending money to individuals, companies, and other entities. The Insurance segment issues temporary insurance contracts covering death, disablement, and redundancy risks and short-term motor vehicle contracts covering comprehensive, third-party, mechanical breakdown risk, and guaranteed asset protection. Its geographical segments are New Zealand and Tonga.