Nation Lanka Finance (COL:CSF.N0000) Debt-to-Equity : 0.76 (As of Dec. 2023)

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What is Nation Lanka Finance Debt-to-Equity?

Nation Lanka Finance's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was රු0.0 Mil. Nation Lanka Finance's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was රු1,254.7 Mil. Nation Lanka Finance's Total Stockholders Equity for the quarter that ended in Dec. 2023 was රු1,657.4 Mil. Nation Lanka Finance's debt to equity for the quarter that ended in Dec. 2023 was 0.76.

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 Nation Lanka Finance's Debt-to-Equity or its related term are showing as below:

COL:CSF.N0000' s Debt-to-Equity Range Over the Past 10 Years
Min: -6.34 Med: 0.74 Max: 7.91
Current: 0.76

During the past 13 years, the highest Debt-to-Equity Ratio of Nation Lanka Finance was 7.91. The lowest was -6.34. And the median was 0.74.

COL:CSF.N0000's Debt-to-Equity is ranked better than
59.07% of 430 companies
in the Credit Services industry
Industry Median: 1.185 vs COL:CSF.N0000: 0.76

Nation Lanka Finance Debt-to-Equity Historical Data

The historical data trend for Nation Lanka 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.

* Premium members only.

Nation Lanka Finance Debt-to-Equity Chart

Nation Lanka Finance Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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0.28

0.81

0.55

0.87

1.65

Nation Lanka Finance 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															0.07	1.65	0.08	1.14	0.76

Competitive Comparison of Nation Lanka Finance's Debt-to-Equity

For the Credit Services subindustry, Nation Lanka 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.

Nation Lanka Finance's Debt-to-Equity Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Nation Lanka Finance's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Nation Lanka Finance's Debt-to-Equity falls into.

Nation Lanka Finance Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Nation Lanka Finance's Debt to Equity Ratio for the fiscal year that ended in Mar. 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	+	1515.24)	/	920.491
	=	1.65

Nation Lanka Finance'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	+	1254.65)	/	1657.448
	=	0.76

Nation Lanka Finance (COL:CSF.N0000) 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.

Nation Lanka Finance Debt-to-Equity Related Terms

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Nation Lanka Finance (COL:CSF.N0000) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Nation Lanka Finance PLC (COL:CSF.N0000) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

690, Galle Road, Colombo, LKA, 03

Website

http://www.nationlanka.com

Nation Lanka Finance PLC is engaged in the business of financial services. The firm's activities include microfinance, hire purchase, loans, pawnbroking, financial services, trading in real estate, and property development. Its segments include Lending, Property Development, Services, Investment & Others. The company operates across multiple locations in Sri Lanka. The primary and the majority source of income for the company is the interest income from the lending portfolio.

Nation Lanka Finance (COL:CSF.N0000) Headlines

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