Piraeus Financial Holdings (Piraeus Financial Holdings) Debt-to-Equity : 0.40 (As of Dec. 2023)

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What is Piraeus Financial Holdings Debt-to-Equity?

Piraeus Financial Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0 Mil. Piraeus Financial Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $3,180 Mil. Piraeus Financial Holdings's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $7,959 Mil. Piraeus Financial Holdings's debt to equity for the quarter that ended in Dec. 2023 was 0.40.

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 Piraeus Financial Holdings's Debt-to-Equity or its related term are showing as below:

BPIRY' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.04 Med: 0.15 Max: 0.4
Current: 0.4

During the past 13 years, the highest Debt-to-Equity Ratio of Piraeus Financial Holdings was 0.40. The lowest was 0.04. And the median was 0.15.

BPIRY's Debt-to-Equity is ranked better than
67.29% of 1394 companies
in the Banks industry
Industry Median: 0.7 vs BPIRY: 0.40

Piraeus Financial Holdings Debt-to-Equity Historical Data

The historical data trend for Piraeus Financial Holdings'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.

Piraeus Financial Holdings Debt-to-Equity Chart

Piraeus Financial Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

0.14

0.22

0.35

0.29

0.40

Piraeus Financial Holdings 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	Get a 7-Day Free Trial															0.29	0.27	0.26	0.33	0.40

Competitive Comparison of Piraeus Financial Holdings's Debt-to-Equity

For the Banks - Regional subindustry, Piraeus Financial Holdings'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.

Piraeus Financial Holdings's Debt-to-Equity Distribution in the Banks Industry

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

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

Piraeus Financial Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Piraeus Financial Holdings'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	+	3179.935)	/	7958.561
	=	0.40

Piraeus Financial Holdings'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
	=	(0	+	3179.935)	/	7958.561
	=	0.40

Piraeus Financial Holdings (OTCPK:BPIRY) 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.

Piraeus Financial Holdings Debt-to-Equity Related Terms

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

Piraeus Financial Holdings (Piraeus Financial Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Piraeus Financial Holdings SA (OTCPK:BPIRY) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

BPIRF:USA TPEIR:Greece 0RTY:UK BKP:Germany

Address

4 Amerikis Street, Athens, GRC, 105 64

Website

https://www.piraeusbankgroup.com

Piraeus Financial Holdings SA is a universal banking group primarily operating in Greece, but with a presence in southeastern Europe and the eastern Mediterranean. Its banking unit specializes in small to midsize enterprise banking, agricultural banking, consumer and mortgage credit, green banking, investment banking, as well as leasing and factoring. The bank has an extensive distribution network, both traditional and alternative, most notably its e-banking platform Winbank. A majority of the bank's net revenue is net interest income, overwhelmingly derived from loans and advances to customers.

Piraeus Financial Holdings (Piraeus Financial Holdings) Headlines

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