National Finance CoOG (MUS:NFCI) Debt-to-Equity : 3.31 (As of Dec. 2023)

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What is National Finance CoOG Debt-to-Equity?

National Finance CoOG's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ر.ع0.00 Mil. National Finance CoOG's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ر.ع351.85 Mil. National Finance CoOG's Total Stockholders Equity for the quarter that ended in Dec. 2023 was ر.ع106.24 Mil. National Finance CoOG's debt to equity for the quarter that ended in Dec. 2023 was 3.31.

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

MUS:NFCI' s Debt-to-Equity Range Over the Past 10 Years
Min: 2.43 Med: 2.75 Max: 3.31
Current: 3.31

During the past 13 years, the highest Debt-to-Equity Ratio of National Finance CoOG was 3.31. The lowest was 2.43. And the median was 2.75.

MUS:NFCI's Debt-to-Equity is ranked worse than
77.6% of 433 companies
in the Credit Services industry
Industry Median: 1.18 vs MUS:NFCI: 3.31

National Finance CoOG Debt-to-Equity Historical Data

The historical data trend for National Finance CoOG'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.

National Finance CoOG Debt-to-Equity Chart

National Finance CoOG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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2.96

2.59

2.43

3.31

National Finance CoOG Quarterly Data
	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Dec19	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															2.43	3.14	3.19	3.25	3.31

Competitive Comparison of National Finance CoOG's Debt-to-Equity

For the Credit Services subindustry, National Finance CoOG'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.

National Finance CoOG's Debt-to-Equity Distribution in the Credit Services Industry

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

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

National Finance CoOG Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

National Finance CoOG'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	+	351.854)	/	106.239
	=	3.31

National Finance CoOG'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	+	351.854)	/	106.239
	=	3.31

National Finance CoOG (MUS:NFCI) 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.

National Finance CoOG Debt-to-Equity Related Terms

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

National Finance CoOG (MUS:NFCI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » National Finance Co SAOG (MUS:NFCI) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

P.O. Box 1706, Ruwi, OMN, 112

Website

https://www.nationalfinance.co.om

National Finance Co SAOG is a financial institution. The company is engaged in the leasing business. It offers a wide range of financial products to corporate and retail customers with a key focus on Small and Medium Enterprises. The company offers vehicle finance, consumer durables finance, special schemes, equipment finance, corporate deposits, and factoring services.

National Finance CoOG (MUS:NFCI) Headlines

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