The Housing Bank for Trade & Finance (AMM:THBK) Debt-to-Equity : 0.02 (As of Mar. 2024)

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What is The Housing Bank for Trade & Finance Debt-to-Equity?

The Housing Bank for Trade & Finance's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was JOD0.0 Mil. The Housing Bank for Trade & Finance's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was JOD21.8 Mil. The Housing Bank for Trade & Finance's Total Stockholders Equity for the quarter that ended in Mar. 2024 was JOD1,305.0 Mil. The Housing Bank for Trade & Finance's debt to equity for the quarter that ended in Mar. 2024 was 0.02.

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 The Housing Bank for Trade & Finance's Debt-to-Equity or its related term are showing as below:

AMM:THBK' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.08 Max: 0.35
Current: 0.02

During the past 13 years, the highest Debt-to-Equity Ratio of The Housing Bank for Trade & Finance was 0.35. The lowest was 0.01. And the median was 0.08.

AMM:THBK's Debt-to-Equity is ranked better than
97.93% of 1402 companies
in the Banks industry
Industry Median: 0.66 vs AMM:THBK: 0.02

The Housing Bank for Trade & Finance Debt-to-Equity Historical Data

The historical data trend for The Housing Bank for Trade & Finance'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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The Housing Bank for Trade & Finance Debt-to-Equity Chart

The Housing Bank for Trade & Finance Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.14

0.02

0.19

0.22

0.16

The Housing Bank for Trade & Finance Quarterly Data
	Jun19	Sep19	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															0.02	0.02	0.02	0.16	0.02

Competitive Comparison of The Housing Bank for Trade & Finance's Debt-to-Equity

For the Banks - Regional subindustry, The Housing Bank for Trade & Finance'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.

The Housing Bank for Trade & Finance's Debt-to-Equity Distribution in the Banks Industry

For the Banks industry and Financial Services sector, The Housing Bank for Trade & Finance's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where The Housing Bank for Trade & Finance's Debt-to-Equity falls into.

The Housing Bank for Trade & Finance Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

The Housing Bank for Trade & Finance'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	+	206.357)	/	1269.407
	=	0.16

The Housing Bank for Trade & Finance'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	+	21.783)	/	1304.989
	=	0.02

The Housing Bank for Trade & Finance (AMM:THBK) 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.

The Housing Bank for Trade & Finance Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of The Housing Bank for Trade & Finance's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

The Housing Bank for Trade & Finance (AMM:THBK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » The Housing Bank for Trade & Finance (AMM:THBK) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Al-Shumaysani-Prince Shaker Bin Zaid Street, P.O. Box 7693, Building No. 37, Amman, JOR, 11118

Website

https://www.hbtf.com

The Housing Bank for Trade & Finance is a commercial banking setup based predominantly in Jordan. The company's operating segment include Retail Banking; Corporate; Corporate Finance; Treasury and Others. Retail Banking segment includes following up on deposits of individual customers and small businesses and granting them loans, debts, credit cards, and other services. Its Corporate segment includes following up on deposits, credit facilities and other banking services for institutional and corporate clients. Corporate Finance segment relates to arranging structured finance and providing services relating to privatizations, IPO's, mergers, and acquisitions. Treasury segment includes providing trading and treasury services and management of the Bank's funds in money and capital markets.

The Housing Bank for Trade & Finance (AMM:THBK) Headlines

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