Sohar International Bank (MUS:BKSB) Debt-to-Equity : 0.93 (As of Mar. 2024)

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What is Sohar International Bank Debt-to-Equity?

Sohar International Bank's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ر.ع0.0 Mil. Sohar International Bank's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ر.ع645.2 Mil. Sohar International Bank's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ر.ع693.4 Mil. Sohar International Bank's debt to equity for the quarter that ended in Mar. 2024 was 0.93.

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

MUS:BKSB' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.1 Med: 1.51 Max: 2.43
Current: 0.93

During the past 13 years, the highest Debt-to-Equity Ratio of Sohar International Bank was 2.43. The lowest was 0.10. And the median was 1.51.

MUS:BKSB's Debt-to-Equity is ranked worse than
62.25% of 1396 companies
in the Banks industry
Industry Median: 0.65 vs MUS:BKSB: 0.93

Sohar International Bank Debt-to-Equity Historical Data

The historical data trend for Sohar International 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.

Sohar International Bank Debt-to-Equity Chart

Sohar International Bank Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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1.43

1.42

1.52

1.20

0.75

Sohar International Bank 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															1.60	1.28	0.75	0.75	0.93

Competitive Comparison of Sohar International Bank's Debt-to-Equity

For the Banks - Regional subindustry, Sohar International 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.

Sohar International Bank's Debt-to-Equity Distribution in the Banks Industry

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

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

Sohar International Bank Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Sohar International 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	+	597.508)	/	802.074
	=	0.74

Sohar International Bank'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	+	645.151)	/	693.368
	=	0.93

Sohar International Bank (MUS:BKSB) 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.

Sohar International Bank Debt-to-Equity Related Terms

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Sohar International Bank (MUS:BKSB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Sohar International Bank (MUS:BKSB) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Hai Al Mina, P.O. Box 44, Muscat, OMN, 114

Website

https://www.soharinternational.com

Sohar International Bank is engaged in commercial, investment, and Islamic banking through a network of commercial and Islamic banking branches within the Sultanate of Oman. The bank has four operating segments; Retail banking Includes loans to and deposits from retail customers, credit card, and fund transfer facilities, Wholesale banking includes loans to and deposits from large and mid-sector corporates, small & medium enterprises and trade finance customers, Investments, and Treasury, The head office includes the balance sheet, income and expense related items, and Islamic banking Includes Islamic financing activities, current accounts, unrestricted investment accounts and other products and services to corporate and individual customers under Shari'a principles.