Close Brothers Group (Close Brothers Group) Debt-to-Equity : 1.37 (As of Jan. 2024)

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What is Close Brothers Group Debt-to-Equity?

Close Brothers Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was $0 Mil. Close Brothers Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was $3,187 Mil. Close Brothers Group's Total Stockholders Equity for the quarter that ended in Jan. 2024 was $2,328 Mil. Close Brothers Group's debt to equity for the quarter that ended in Jan. 2024 was 1.37.

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

CBGPY' s Debt-to-Equity Range Over the Past 10 Years
Min: 1.37 Med: 1.77 Max: 2.06
Current: 1.37

During the past 13 years, the highest Debt-to-Equity Ratio of Close Brothers Group was 2.06. The lowest was 1.37. And the median was 1.77.

CBGPY's Debt-to-Equity is ranked worse than
73.94% of 1393 companies
in the Banks industry
Industry Median: 0.69 vs CBGPY: 1.37

Close Brothers Group Debt-to-Equity Historical Data

The historical data trend for Close Brothers 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.

Close Brothers Group Debt-to-Equity Chart

Close Brothers Group Annual Data

Trend

Jul14

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

Debt-to-Equity

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1.86

1.80

1.66

1.73

Close Brothers Group Semi-Annual Data
	Jul14	Jan15	Jul15	Jan16	Jul16	Jan17	Jul17	Jan18	Jul18	Jan19	Jul19	Jan20	Jul20	Jan21	Jul21	Jan22	Jul22	Jan23	Jul23	Jan24
Debt-to-Equity	Get a 7-Day Free Trial															1.73	1.73	1.77	1.73	1.37

Competitive Comparison of Close Brothers Group's Debt-to-Equity

For the Banks - Regional subindustry, Close Brothers 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.

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

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

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

Close Brothers Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Close Brothers Group's Debt to Equity Ratio for the fiscal year that ended in Jul. 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	+	3665.206)	/	2119.716
	=	1.73

Close Brothers Group's Debt to Equity Ratio for the quarter that ended in Jan. 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	+	3187.039)	/	2327.573
	=	1.37

Close Brothers Group (OTCPK:CBGPY) 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.

Close Brothers Group Debt-to-Equity Related Terms

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Close Brothers Group (Close Brothers Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Close Brothers Group PLC (OTCPK:CBGPY) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

CBGPF:USA CBGl:UK CBG:UK CS3:Germany

Address

10 Crown Place, London, GBR, EC2A 4FT

Website

https://www.closebrothers.com

Close Brothers Group PLC is a merchant banking group providing lending, deposit solutions, wealth management services, and securities trading. The company mostly provides services to small businesses and individuals in the United Kingdom. Its strategy focuses on niche markets to drive high levels of repeat business with clients. The company distributes its service offerings with a direct salesforce and an intermediated distribution network. Its banking division provides asset, invoice, motor, premium, and property finance. Close Brothers' security business is primarily a liquidity provider to U.K. retail stockbrokers and institutions. The group's asset management division offers financial planning and investment management services.

Close Brothers Group (Close Brothers Group) Headlines

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