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Omavings Bank (OHEL:OMASP) Debt-to-Equity : 5.60 (As of Mar. 2024)


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What is Omavings Bank Debt-to-Equity?

Omavings Bank's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was €0.0 Mil. Omavings Bank's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was €2,952.2 Mil. Omavings Bank's Total Stockholders Equity for the quarter that ended in Mar. 2024 was €527.4 Mil. Omavings Bank's debt to equity for the quarter that ended in Mar. 2024 was 5.60.

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 Omavings Bank's Debt-to-Equity or its related term are showing as below:

OHEL:OMASP' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.92   Med: 3.89   Max: 6.34
Current: 5.6

During the past 9 years, the highest Debt-to-Equity Ratio of Omavings Bank was 6.34. The lowest was 0.92. And the median was 3.89.

OHEL:OMASP's Debt-to-Equity is ranked worse than
96.91% of 1392 companies
in the Banks industry
Industry Median: 0.66 vs OHEL:OMASP: 5.60

Omavings Bank Debt-to-Equity Historical Data

The historical data trend for Omavings Bank'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.

Omavings Bank Debt-to-Equity Chart

Omavings Bank Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only 3.01 3.86 4.44 5.82 5.61

Omavings Bank 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 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 5.77 5.20 4.89 5.61 5.60

Competitive Comparison of Omavings Bank's Debt-to-Equity

For the Banks - Regional subindustry, Omavings Bank'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.


Omavings Bank's Debt-to-Equity Distribution in the Banks Industry

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

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



Omavings Bank Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Omavings Bank's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Omavings Bank's Debt to Equity Ratio for the quarter that ended in Mar. 2024 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.


Omavings Bank  (OHEL:OMASP) 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.


Omavings Bank Debt-to-Equity Related Terms

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


Omavings Bank (OHEL:OMASP) Business Description

Traded in Other Exchanges
Address
Valtakatu 32, Lappeenranta, FIN, 53100
Oma Savings Bank PLC is a Finnish savings bank. The bank's product and service offerings include savings, current and rental security deposit account, mortgage, car loan, renovation loan, student loan, endowment life insurance, financial insurance, and online services as well.

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