United Bank for Africa (NSA:UBA) Debt-to-Equity : 0.44 (As of Dec. 2023)

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What is United Bank for Africa Debt-to-Equity?

United Bank for Africa's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₦0 Mil. United Bank for Africa's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₦868,424 Mil. United Bank for Africa's Total Stockholders Equity for the quarter that ended in Dec. 2023 was ₦1,962,162 Mil. United Bank for Africa's debt to equity for the quarter that ended in Dec. 2023 was 0.44.

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 United Bank for Africa's Debt-to-Equity or its related term are showing as below:

NSA:UBA' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.44 Med: 0.76 Max: 1.3
Current: 0.44

During the past 13 years, the highest Debt-to-Equity Ratio of United Bank for Africa was 1.30. The lowest was 0.44. And the median was 0.76.

NSA:UBA's Debt-to-Equity is ranked better than
63.68% of 1393 companies
in the Banks industry
Industry Median: 0.66 vs NSA:UBA: 0.44

United Bank for Africa Debt-to-Equity Historical Data

The historical data trend for United Bank for Africa'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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United Bank for Africa Debt-to-Equity Chart

United Bank for Africa Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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1.22

0.91

0.53

0.59

0.44

United Bank for Africa Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.59	0.58	0.37	0.38	0.44

Competitive Comparison of United Bank for Africa's Debt-to-Equity

For the Banks - Diversified subindustry, United Bank for Africa'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.

United Bank for Africa's Debt-to-Equity Distribution in the Banks Industry

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

* The bar in red indicates where United Bank for Africa's Debt-to-Equity falls into.

United Bank for Africa Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

United Bank for Africa'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	+	868424)	/	1962162
	=	0.44

United Bank for Africa'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	+	868424)	/	1962162
	=	0.44

United Bank for Africa (NSA:UBA) 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.

United Bank for Africa Debt-to-Equity Related Terms

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United Bank for Africa (NSA:UBA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » United Bank for Africa PLC (NSA:UBA) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

57 Marina, UBA House, Lagos, NGA

Website

https://www.ubagroup.com

United Bank for Africa PLC is a financial services institution. It offers banking and other financial and pension fund custody services. The geographical segments of the company are Nigeria, the Rest of Africa and the Rest of the world. The business segments of the company are 1) Corporate Banking, which provides financial solutions to multinationals, regional companies, state-owned companies, non-governmental organizations, international and multinational organizations and financial institutions. 2) Retail/ Commercial banking segment products and services to the middle and retail segments of the market. 3) Treasury and Financial Markets segment provide financing and risk management solutions and advisory services to the company's corporate and institutional customers.