National Bank of Canada (TSX:NA.PR.E.PFD) Debt-to-Equity

: 2.56 (As of Jan. 2024)

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National Bank of Canada's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was C$27,106.00 Mil. National Bank of Canada's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was C$33,973.00 Mil. National Bank of Canada's Total Stockholders Equity for the quarter that ended in Jan. 2024 was C$23,899.00 Mil. National Bank of Canada's debt to equity for the quarter that ended in Jan. 2024 was 2.56.

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 National Bank of Canada's Debt-to-Equity or its related term are showing as below:

TSX:NA.PR.E.PFD' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.08 Med: 2.2 Max: 2.96
Current: 2.56

During the past 13 years, the highest Debt-to-Equity Ratio of National Bank of Canada was 2.96. The lowest was 0.08. And the median was 2.20.

TSX:NA.PR.E.PFD's Debt-to-Equity is ranked worse than
89.63% of 1398 companies
in the Banks industry
Industry Median: 0.7 vs TSX:NA.PR.E.PFD: 2.56

National Bank of Canada Debt-to-Equity Historical Data

The historical data trend for National Bank of Canada'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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National Bank of Canada Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Debt-to-Equity

2.84

2.23

2.34

2.06

2.26

National Bank of Canada Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Debt-to-Equity																2.41	2.12	2.06	2.26	2.56

Competitive Comparison

For the Banks - Diversified subindustry, National Bank of Canada'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.

National Bank of Canada Debt-to-Equity Distribution

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

* The bar in red indicates where National Bank of Canada's Debt-to-Equity falls into.

National Bank of Canada Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

National Bank of Canada's Debt to Equity Ratio for the fiscal year that ended in Oct. 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
	=	(20881	+	32631)	/	23676
	=	2.26

National Bank of Canada'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
	=	(27106	+	33973)	/	23899
	=	2.56

National Bank of Canada (TSX:NA.PR.E.PFD) 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.

National Bank of Canada Debt-to-Equity Related Terms

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National Bank of Canada (TSX:NA.PR.E.PFD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » National Bank of Canada (TSX:NA.PR.E.PFD) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

NTIOF:USA NBC:Germany NA.PR.G.PFD:Canada NA.PR.C.PFD:Canada NA.PR.W.PFD:Canada NA.PR.S.PFD:Canada NA:Canada

Address

600 Rue De La Gauchetiere West, 4th Floor, Montreal, QC, CAN, H3B 4L2

Website

https://www.nbc.ca

National Bank of Canada is the sixth-largest Canadian bank. The bank offers integrated financial services, primarily in the province of Quebec as well as the city of Toronto. Operational segments include personal and commercial banking, wealth management, and a financial markets group.

National Bank of Canada (TSX:NA.PR.E.PFD) Headlines

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