Absa Group (Absa Group) Debt-to-Equity : 1.57 (As of Jun. 2023)

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What is Absa Group Debt-to-Equity?

Absa Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was $0 Mil. Absa Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was $12,468 Mil. Absa Group's Total Stockholders Equity for the quarter that ended in Jun. 2023 was $7,930 Mil. Absa Group's debt to equity for the quarter that ended in Jun. 2023 was 1.57.

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

AGRPF' s Debt-to-Equity Range Over the Past 10 Years
Min: 1.14 Med: 1.53 Max: 1.74
Current: 1.57

During the past 13 years, the highest Debt-to-Equity Ratio of Absa Group was 1.74. The lowest was 1.14. And the median was 1.53.

AGRPF's Debt-to-Equity is ranked worse than
77.67% of 1393 companies
in the Banks industry
Industry Median: 0.69 vs AGRPF: 1.57

Absa Group Debt-to-Equity Historical Data

The historical data trend for Absa 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.

* Premium members only.

Absa Group Debt-to-Equity Chart

Absa Group Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Debt-to-Equity

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1.66

1.52

1.39

1.14

1.63

Absa Group Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Debt-to-Equity	Get a 7-Day Free Trial															1.29	1.14	1.46	1.63	1.57

Competitive Comparison of Absa Group's Debt-to-Equity

For the Banks - Regional subindustry, Absa 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.

Absa Group's Debt-to-Equity Distribution in the Banks Industry

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

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

Absa Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Absa Group's Debt to Equity Ratio for the fiscal year that ended in Dec. 2022 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	+	13422.396)	/	8217.535
	=	1.63

Absa Group's Debt to Equity Ratio for the quarter that ended in Jun. 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	+	12468.418)	/	7930.039
	=	1.57

Absa Group (OTCPK:AGRPF) 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.

Absa Group Debt-to-Equity Related Terms

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Absa Group (Absa Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Absa Group Ltd (OTCPK:AGRPF) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

ABG:South Africa AGRPY:USA AU61:Germany

Address

15 Troye Street, 7th Floor, Absa Towers West, PO Box 7735, Johannesburg, GT, ZAF, 2000

Website

https://www.absa.africa

Absa Group Ltd is a financial services company that has five main business segments: Product Solutions Cluster, Everyday Banking, Relationship Banking, Absa Regional Operations RBB (ARO RBB), CIB, & Head Office, Treasury, and other operations. The majority is from the Corporate and Investment Bank (CIB) segment which includes prioritized new-to-bank clients across key growth and priority sectors. CIB continued to up-sell and cross-sell new products and services to existing clients. Geographically, the majority is from South Africa.

Absa Group (Absa Group) Headlines

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