Safwa Islamic Bank (AMM:SIBK) Debt-to-Equity : 0.05 (As of Jun. 2024)

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What is Safwa Islamic Bank Debt-to-Equity?

Safwa Islamic Bank's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was JOD0.00 Mil. Safwa Islamic Bank's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was JOD9.94 Mil. Safwa Islamic Bank's Total Stockholders Equity for the quarter that ended in Jun. 2024 was JOD197.53 Mil. Safwa Islamic Bank's debt to equity for the quarter that ended in Jun. 2024 was 0.05.

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 Safwa Islamic Bank's Debt-to-Equity or its related term are showing as below:

AMM:SIBK' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.06 Max: 0.54
Current: 0.05

During the past 13 years, the highest Debt-to-Equity Ratio of Safwa Islamic Bank was 0.54. The lowest was 0.00. And the median was 0.06.

AMM:SIBK's Debt-to-Equity is ranked better than
95.08% of 1504 companies
in the Banks industry
Industry Median: 0.7 vs AMM:SIBK: 0.05

Safwa Islamic Bank Debt-to-Equity Historical Data

The historical data trend for Safwa Islamic Bank'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.

Safwa Islamic Bank Debt-to-Equity Chart

Safwa Islamic Bank Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.07

0.33

0.06

0.54

Safwa Islamic Bank Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Debt-to-Equity	Get a 7-Day Free Trial															0.06	-	0.54	0.16	0.05

Competitive Comparison of Safwa Islamic Bank's Debt-to-Equity

For the Banks - Regional subindustry, Safwa Islamic Bank'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.

Safwa Islamic Bank's Debt-to-Equity Distribution in the Banks Industry

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

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

Safwa Islamic Bank Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Safwa Islamic Bank'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	+	102.226)	/	189.31
	=	0.54

Safwa Islamic Bank's Debt to Equity Ratio for the quarter that ended in Jun. 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	+	9.937)	/	197.531
	=	0.05

Safwa Islamic Bank (AMM:SIBK) 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.

Safwa Islamic Bank Debt-to-Equity Related Terms

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Safwa Islamic Bank Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Safwa Islamic Bank (AMM:SIBK) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Suleiman Al Nabulsi street, P.O Box 1982, Building No 38, Alabdali boulevard, Amman, JOR, 11118

Website

https://www.safwabank.com

Safwa Islamic Bank is engaged in banking corporations that offer banking and financial services including treasury, investment, and financial institutions services such as investment in equities, mutual funds, money markets products, foreign exchange (fx) services, and trustee services for corporations and financial institutions. The Bank operates through three major business sectors which include Retail accounts, Corporate accounts, and Treasury. The majority of the revenue derives from the Retail segment which includes unrestricted investment accounts, deferred sales receivables, financings, and other services related to retail.

Safwa Islamic Bank Headlines

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