NewtekOne (NewtekOne) Debt-to-Equity

: 2.61 (As of Dec. 2023)

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NewtekOne's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $38.4 Mil. NewtekOne's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $612.7 Mil. NewtekOne's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $249.0 Mil. NewtekOne's debt to equity for the quarter that ended in Dec. 2023 was 2.61.

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

NEWT' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.65 Med: 1.27 Max: 2.61
Current: 2.61

During the past 13 years, the highest Debt-to-Equity Ratio of NewtekOne was 2.61. The lowest was 0.65. And the median was 1.27.

NEWT's Debt-to-Equity is ranked worse than
90.13% of 1398 companies
in the Banks industry
Industry Median: 0.7 vs NEWT: 2.61

NewtekOne Debt-to-Equity Historical Data

The historical data trend for NewtekOne'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.

NewtekOne Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

1.37

1.36

1.19

1.46

2.61

NewtekOne Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity																1.46	3.23	3.19	2.89	2.61

Competitive Comparison

For the Banks - Regional subindustry, NewtekOne'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.

NewtekOne Debt-to-Equity Distribution

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

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

NewtekOne Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

NewtekOne's Debt to Equity Ratio for the fiscal year that ended in Dec. 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
	=	(38.381	+	612.693)	/	249.046
	=	2.61

NewtekOne's Debt to Equity Ratio for the quarter that ended in Dec. 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
	=	(38.381	+	612.693)	/	249.046
	=	2.61

NewtekOne (NAS:NEWT) 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.

NewtekOne Debt-to-Equity Related Terms

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NewtekOne (NewtekOne) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » NewtekOne Inc (NAS:NEWT) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

1N31:Germany

Address

4800 T Rex Avenue, Suite 120, Boca Raton, FL, USA, 33431

Website

https://www.newtekone.com

NewtekOne Inc is a financial holding company engaged in providing financial solutions, It has developed a financial and technology-based business model that enables itself to acquire and process its clients in a very cost-effective manner. This capability is supported in large part by NewTracker, its patented prospect management technology software, that will allow NewtekOne clients to easily interact with NewtekOne subject matter experts in the areas of Banking, Lending, Payments, Technology, Payroll, and Insurance. It offers NewtekOne's clients a single online dashboard to access all of NewtekOne's business and financial solutions.

Executives

Salvatore Francis Mulia	director	4 WHITNEY STREET EXTENSION, WESTPORT CT 06880
Barry Sloane	director, officer: CEO and President
Richard J Salute	director	P O BOX 306, WOODBURY NY 11797
Gregory L Zink	director	1981 MARCUS AVENUE, SUITE 130, LAKE SUCCESS NY 11042
Peter Mathison Downs	director	1440 PINEACRES BLVD, BAY SHORE NY 11706
Michael Scott Price	officer: Chief Financial Officer	200 WEST CONGRESS STREET, LAFAYETTE LA 70501
Fernando Perez-hickman	director	200 WEST CONGRESS STREET, LAFAYETTE LA 70501
Nicholas J Leger	officer: Chief Accounting Officer	348 ALFRED STREET, NORTH BABYLON NY 11703
Michael Adam Schwartz	officer: Chief Legal Officer, Secretary	C/O NEWTEK BUSINESS SERVICES INC, 462 SEVENTH AVENUE, 14TH FLOOR, NEW YORK NY 10018
Halli Razon-feingold	director	4800 T-REX AVENUE, SUITE 120, BOCA RATON FL 33019
Nicolas Young	officer: Chief Risk Officer	200 WEST CONGRESS STREET, LAFAYETTE LA 70501
Christopher Towers	officer: Chief Accounting Officer	1981 MARCUS AVENUE, SUITE 130, LAKE SUCCESS NY 11042
Sam Kirschner	director	60 EAST 8TH STREET, #20K, NEW YORK NY 10003
Nilesh Joshi	officer: Chief Information Officer	5617 W. MOLLY LANE, PHOENIX AZ 85083
John Raven	officer: Chief Info. Security Officer