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Luther Burbank (Luther Burbank) Debt-to-Equity : 2.28 (As of Sep. 2023)


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What is Luther Burbank Debt-to-Equity?

Luther Burbank's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $0.0 Mil. Luther Burbank's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $1,583.4 Mil. Luther Burbank's Total Stockholders Equity for the quarter that ended in Sep. 2023 was $695.0 Mil. Luther Burbank's debt to equity for the quarter that ended in Sep. 2023 was 2.28.

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 Luther Burbank's Debt-to-Equity or its related term are showing as below:

LBC' s Debt-to-Equity Range Over the Past 10 Years
Min: 1.36   Med: 2   Max: 3.14
Current: 2.28

During the past 8 years, the highest Debt-to-Equity Ratio of Luther Burbank was 3.14. The lowest was 1.36. And the median was 2.00.

LBC's Debt-to-Equity is not ranked
in the Banks industry.
Industry Median: 0.67 vs LBC: 2.28

Luther Burbank Debt-to-Equity Historical Data

The historical data trend for Luther Burbank'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.

Luther Burbank Debt-to-Equity Chart

Luther Burbank Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Debt-to-Equity
Get a 7-Day Free Trial 2.24 1.85 1.57 1.36 2.00

Luther Burbank Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
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 2.01 2.00 2.67 2.48 2.28

Competitive Comparison of Luther Burbank's Debt-to-Equity

For the Banks - Regional subindustry, Luther Burbank'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.


Luther Burbank's Debt-to-Equity Distribution in the Banks Industry

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

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



Luther Burbank Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Luther Burbank's Debt to Equity Ratio for the fiscal year that ended in Dec. 2022 is calculated as

Luther Burbank's Debt to Equity Ratio for the quarter that ended in Sep. 2023 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.


Luther Burbank  (NAS:LBC) 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.


Luther Burbank Debt-to-Equity Related Terms

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


Luther Burbank (Luther Burbank) Business Description

Traded in Other Exchanges
N/A
Address
520 Third Street, Fourth Floor, Santa Rosa, CA, USA, 95401
Luther Burbank Corp is a bank holding company. It provides real estate secured lending in metropolitan areas in the United States. The company offers a suite of mortgage and savings products designed for customers. Its personal banking products include checking and saving the account, certificate of deposits, individual retirement account, and others. The loan portfolio of the company comprises commercial multifamily real estate loans and single-family residential loans and other services. The company also provides the high-yield certificate of deposits, liquidity management, mobile business banking, and others.
Executives
Greg L Smith officer: SVP, General Counsel & Sec. 1515 W 190TH ST STE 275, GARDENA CA 90248
Parham Medhat officer: EVP, Chief Ops & Tech Officer 1515 WEST 190TH STREET, SUITE 275, GARDENA CA 90248
Mario Max Yzaguirre director 1515 WEST 190TH STREET, SUITE 275, GARDENA CA 90248
Tammy Mahoney officer: EVP, Chief Risk Officer 1515 WEST 190TH STREET, SUITE 275, GARDENA CA 90248
Jack W. Krouskup director 1515 WEST 190TH STREET, SUITE 275, GARDENA CA 90248
Liana Prieto officer: EVP, General Counsel 1515 WEST 190TH STREET, SUITE 275, GARDENA CA 90248
J Michael Stedman officer: EVP, Chief Credit Officer 1515 WEST 190TH STREET, SUITE 275, GARDENA CA 90248
Renu Agrawal director 1515 WEST 190TH STREET, SUITE 275, GARDENA CA 90248
Thomas C Wajnert director 401 NORTH MAIN STREET, WINSTON SALEM NC 27102
Simone Lagomarsino director, officer: President CEO 1515 WEST 190TH STREET, SUITE 275, GARDENA CA 90248
William Fanter officer: EVP, Head of Retail Banking 1515 WEST 190TH STREET, SUITE 275, GARDENA CA 90248
John C Erickson director 1515 WEST 190TH STREET, SUITE 275, GARDENA CA 90248
Laura Tarantino officer: EVP, Chief Financial Officer 1515 WEST 190TH STREET, SUITE 275, GARDENA CA 90248
Anita G. Newcomb director 1515 WEST 190TH STREET, SUITE 275, GARDENA CA 90248
Brian Skelton officer: EVP, Chief Banking Officer 1515 WEST 190TH STREET, SUITE 275, GARDENA CA 90248