Finbond Group (JSE:FGL) Debt-to-Equity : 4.55 (As of Aug. 2024)

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What is Finbond Group Debt-to-Equity?

Finbond Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Aug. 2024 was R0 Mil. Finbond Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Aug. 2024 was R2,893 Mil. Finbond Group's Total Stockholders Equity for the quarter that ended in Aug. 2024 was R636 Mil. Finbond Group's debt to equity for the quarter that ended in Aug. 2024 was 4.55.

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 Finbond Group's Debt-to-Equity or its related term are showing as below:

JSE:FGL' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.05 Med: 1.06 Max: 4.55
Current: 4.55

During the past 13 years, the highest Debt-to-Equity Ratio of Finbond Group was 4.55. The lowest was 0.05. And the median was 1.06.

JSE:FGL's Debt-to-Equity is ranked worse than
96.37% of 1460 companies
in the Banks industry
Industry Median: 0.63 vs JSE:FGL: 4.55

Finbond Group Debt-to-Equity Historical Data

The historical data trend for Finbond Group'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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Finbond Group Debt-to-Equity Chart

Finbond Group Annual Data

Trend

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Feb24

Debt-to-Equity

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1.05

1.90

3.21

3.11

3.27

Finbond Group Semi-Annual Data
	Feb15	Aug15	Feb16	Aug16	Feb17	Aug17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23	Feb24	Aug24
Debt-to-Equity	Get a 7-Day Free Trial															3.28	3.11	3.96	3.27	4.55

Competitive Comparison of Finbond Group's Debt-to-Equity

For the Mortgage Finance subindustry, Finbond Group'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.

Finbond Group's Debt-to-Equity Distribution in the Banks Industry

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

* The bar in red indicates where Finbond Group's Debt-to-Equity falls into.

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Finbond Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Finbond Group's Debt to Equity Ratio for the fiscal year that ended in Feb. 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	+	2721.247)	/	832.558
	=	3.27

Finbond Group's Debt to Equity Ratio for the quarter that ended in Aug. 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	+	2893.138)	/	635.531
	=	4.55

Finbond Group (JSE:FGL) 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.

Finbond Group Debt-to-Equity Related Terms

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Finbond Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Finbond Group Ltd (JSE:FGL) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

446 Rigel Avenue South, Rigel Park, Erasmusrand, Pretoria, GT, ZAF, 0181

Website

https://www.finbondgroup.com

Finbond Group Ltd is a financial services institution that is engaged in the design and delivery of value and solution-based savings, credit, and insurance solutions tailored to depositor and borrower requirements. The company's business segments are Deposit and Debt Finance Products, Lending, Property investment, and Transactional banking. It derives key revenue from the Lending segment.