Nedbank Group (JSE:NED) Debt-to-Equity : 0.43 (As of Dec. 2023)

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What is Nedbank Group Debt-to-Equity?

Nedbank Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was R0 Mil. Nedbank Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was R50,424 Mil. Nedbank Group's Total Stockholders Equity for the quarter that ended in Dec. 2023 was R118,324 Mil. Nedbank Group's debt to equity for the quarter that ended in Dec. 2023 was 0.43.

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

JSE:NED' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.43 Med: 0.58 Max: 0.64
Current: 0.43

During the past 13 years, the highest Debt-to-Equity Ratio of Nedbank Group was 0.64. The lowest was 0.43. And the median was 0.58.

JSE:NED's Debt-to-Equity is ranked better than
63.84% of 1402 companies
in the Banks industry
Industry Median: 0.66 vs JSE:NED: 0.43

Nedbank Group Debt-to-Equity Historical Data

The historical data trend for Nedbank 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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Nedbank Group Debt-to-Equity Chart

Nedbank Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.61

0.60

0.53

0.47

0.43

Nedbank Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.53	0.47	0.47	0.43	0.43

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

For the Banks - Regional subindustry, Nedbank 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.

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

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

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

Nedbank Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Nedbank Group'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	+	50424)	/	118324
	=	0.43

Nedbank Group'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	+	50424)	/	118324
	=	0.43

Nedbank Group (JSE:NED) 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.

Nedbank Group Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Nedbank Group's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Nedbank Group (JSE:NED) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

NDBKY:USA NDBKF:USA NBK:Namibia NCO:Germany

Address

135 Rivonia Road, Nedbank 135 Rivonia Campus, Sandown, Sandton, Johannesburg, GT, ZAF, 2196

Website

https://www.nedbankgroup.co.za

Nedbank Group Ltd is a financial services provider that offers corporate, retail, and investment banking services; insurance; asset management; and wealth management. It operates predominantly in South Africa. Net interest income from lending activities accounts for roughly half of the company's total revenue. Its operating segments include Nedbank Corporate and Investment Banking, Nedbank Retail and Business Banking, Nedbank Wealth, Nedbank Africa Regions, and Centre.

Nedbank Group (JSE:NED) Headlines

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