Lea bank ASA (OSL:LEA) Debt-to-Equity : 0.06 (As of Mar. 2024)

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What is Lea bank ASA Debt-to-Equity?

Lea bank ASA's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was kr0.0 Mil. Lea bank ASA's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was kr82.2 Mil. Lea bank ASA's Total Stockholders Equity for the quarter that ended in Mar. 2024 was kr1,426.5 Mil. Lea bank ASA's debt to equity for the quarter that ended in Mar. 2024 was 0.06.

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 Lea bank ASA's Debt-to-Equity or its related term are showing as below:

OSL:LEA' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.08 Med: 0.09 Max: 0.15
Current: 0.08

During the past 7 years, the highest Debt-to-Equity Ratio of Lea bank ASA was 0.15. The lowest was 0.08. And the median was 0.09.

OSL:LEA's Debt-to-Equity is ranked better than
92.67% of 1392 companies
in the Banks industry
Industry Median: 0.68 vs OSL:LEA: 0.08

Lea bank ASA Debt-to-Equity Historical Data

The historical data trend for Lea bank ASA'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.

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Lea bank ASA Debt-to-Equity Chart

Lea bank ASA Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.13

0.09

0.10

0.08

Lea bank ASA Quarterly Data
	Dec18	Jun19	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															0.06	0.06	0.06	0.08	0.06

Competitive Comparison of Lea bank ASA's Debt-to-Equity

For the Banks - Regional subindustry, Lea bank ASA'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.

Lea bank ASA's Debt-to-Equity Distribution in the Banks Industry

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

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

Lea bank ASA Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Lea bank ASA'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
	=	(0	+	105.216)	/	1403.878
	=	0.07

Lea bank ASA's Debt to Equity Ratio for the quarter that ended in Mar. 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	+	82.168)	/	1426.457
	=	0.06

Lea bank ASA (OSL:LEA) 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.

Lea bank ASA Debt-to-Equity Related Terms

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Lea bank ASA (OSL:LEA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Lea bank ASA (OSL:LEA) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

9MJ:Germany

Address

Holbergs gate 21, Oslo, NOR, 0166

Website

https://www.leabank.no

Lea bank ASA is a fully digital consumer finance bank with a presence in the Nordic market. The company offers consumer loans, savings accounts, automated invoice purchases, and SME financing with attractive terms for its customers.