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NewtekOne (NewtekOne) Debt-to-Equity : 2.63 (As of Mar. 2024)


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What is NewtekOne Debt-to-Equity?

NewtekOne's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $106.2 Mil. NewtekOne's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $562.6 Mil. NewtekOne's Total Stockholders Equity for the quarter that ended in Mar. 2024 was $254.1 Mil. NewtekOne's debt to equity for the quarter that ended in Mar. 2024 was 2.63.

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

NEWT' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.65   Med: 1.23   Max: 3.23
Current: 2.63

During the past 13 years, the highest Debt-to-Equity Ratio of NewtekOne was 3.23. The lowest was 0.65. And the median was 1.23.

NEWT's Debt-to-Equity is ranked worse than
90.78% of 1454 companies
in the Banks industry
Industry Median: 0.67 vs NEWT: 2.63

NewtekOne Debt-to-Equity Historical Data

The historical data trend for NewtekOne'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.

NewtekOne Debt-to-Equity Chart

NewtekOne Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.37 1.36 1.19 1.46 2.61

NewtekOne 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.23 3.19 2.89 2.61 2.63

Competitive Comparison of NewtekOne's Debt-to-Equity

For the Banks - Regional subindustry, NewtekOne'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.


NewtekOne's Debt-to-Equity Distribution in the Banks Industry

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

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



NewtekOne Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

NewtekOne's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

NewtekOne's Debt to Equity Ratio for the quarter that ended in Mar. 2024 is calculated as

* 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.


NewtekOne  (NAS:NEWT) 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.


NewtekOne Debt-to-Equity Related Terms

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


NewtekOne (NewtekOne) Business Description

Traded in Other Exchanges
Address
4800 T Rex Avenue, Suite 120, Boca Raton, FL, USA, 33431
NewtekOne Inc is a financial holding company engaged in providing financial solutions, It has developed a financial and technology-based business model that enables itself to acquire and process its clients in a very cost-effective manner. This capability is supported in large part by NewTracker, its patented prospect management technology software, that will allow NewtekOne clients to easily interact with NewtekOne subject matter experts in the areas of Banking, Lending, Payments, Technology, Payroll, and Insurance. It offers NewtekOne's clients a single online dashboard to access all of NewtekOne's business and financial solutions.
Executives
Salvatore Francis Mulia director 4 WHITNEY STREET EXTENSION, WESTPORT CT 06880
Barry Sloane director, officer: CEO and President
Richard J Salute director P O BOX 306, WOODBURY NY 11797
Gregory L Zink director 1981 MARCUS AVENUE, SUITE 130, LAKE SUCCESS NY 11042
Peter Mathison Downs director 1440 PINEACRES BLVD, BAY SHORE NY 11706
Michael Scott Price officer: Chief Financial Officer 200 WEST CONGRESS STREET, LAFAYETTE LA 70501
Fernando Perez-hickman director 200 WEST CONGRESS STREET, LAFAYETTE LA 70501
Nicholas J Leger officer: Chief Accounting Officer 348 ALFRED STREET, NORTH BABYLON NY 11703
Michael Adam Schwartz officer: Chief Legal Officer, Secretary C/O NEWTEK BUSINESS SERVICES INC, 462 SEVENTH AVENUE, 14TH FLOOR, NEW YORK NY 10018
Halli Razon-feingold director 4800 T-REX AVENUE, SUITE 120, BOCA RATON FL 33019
Nicolas Young officer: Chief Risk Officer 200 WEST CONGRESS STREET, LAFAYETTE LA 70501
Christopher Towers officer: Chief Accounting Officer 1981 MARCUS AVENUE, SUITE 130, LAKE SUCCESS NY 11042
Sam Kirschner director 60 EAST 8TH STREET, #20K, NEW YORK NY 10003
Nilesh Joshi officer: Chief Information Officer 5617 W. MOLLY LANE, PHOENIX AZ 85083
John Raven officer: Chief Info. Security Officer