Unity Bank (NSA:UBP) Debt-to-Equity: -0.03 (As of Dec. 2023)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

NSA:UBP Unity Bank PLC NSA:UBP
8 GF Score
Price ₦1.51
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What is Unity Bank Debt-to-Equity?

Unity Bank NSA:UBP 8 Debt-to-Equity is -0.03 as of Dec. 2023. GuruFocus rates NSA:UBP with a GF Score™ of 8/100.

Unity Bank's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₦0.00 Mil. Unity Bank's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₦10,589.97 Mil. Unity Bank's Total Stockholders Equity for the quarter that ended in Dec. 2023 was ₦-326,873.32 Mil. Unity Bank's debt to equity for the quarter that ended in Dec. 2023 was -0.03.

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

NSA:UBP's Debt-to-Equity is not ranked *
in the Banks industry.
Industry Median: 0.57
* Ranked among companies with meaningful Debt-to-Equity only.

Unity Bank  (NSA:UBP) 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.

Unity Bank Debt-to-Equity Related Terms

Unity Bank Debt-to-Equity Historical Data

* Premium members only.

The historical data trend for Unity 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.

Unity Bank Debt-to-Equity Chart

Unity Bank Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only -0.66 -0.78 -0.94 -0.90 -0.03

Unity Bank Semi-Annual Data
Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-Equity Get a 7-Day Free Trial Premium Member Only -0.66 -0.78 -0.94 -0.90 -0.03

NSA:UBP vs USB, PNC: Debt-to-Equity Comparison

For the Banks - Regional subindustry, Unity 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.

Unity Bank Debt-to-Equity vs Banks Industry

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

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


NSA:UBP
8GF Score
Unity Bank PLC NSA:UBP
Debt-to-Equity is just one metric. See GF Score™, valuation, warning signs, and more.
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Unity Bank Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Unity 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 + 10589.967) / -326873.324
=-0.03

Unity Bank'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 + 10589.967) / -326873.324
=-0.03

* 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.

Frequently Asked Questions Learn more about Debt-to-Equity →
What does a Debt-to-Equity of -0.03 mean?
Unity Bank (NSA:UBP) has a Debt-to-Equity of -0.03 as of Dec. 2023. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Unity Bank and its competitors.
Is Unity Bank's Debt-to-Equity too high?
Unity Bank's current Debt-to-Equity is -0.03. Overall, Unity Bank has a GF Score™ of 8/100, reflecting its overall financial health beyond just this single metric.
How does Unity Bank's Debt-to-Equity compare to USB and PNC?
Unity Bank's Debt-to-Equity of -0.03 can be compared against companies in the Banks industry. The industry median Debt-to-Equity is 0.57. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-Equity for a Banks company?
The median Debt-to-Equity among Banks companies is 0.57, based on 1,418 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Unity Bank and its competitors. For the Banks industry, the median Debt-to-Equity is 0.57 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Unity Bank's current Debt-to-Equity is -0.03. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Unity Bank stock overvalued right now?
Unity Bank (NSA:UBP) has a current Debt-to-Equity of -0.03. The current Debt-to-Equity is -0.03. Unity Bank's overall GF Score™ is 8/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For Unity Bank (NSA:UBP), the current Debt-to-Equity is -0.03 as of Dec. 2023. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Unity Bank Business Description

Address Plot 42, Ahmed Onibudo Street, Victoria Island, Lagos, NGA
Unity Bank PLC provides a range of retail, corporate, treasury and investment banking services in Nigeria. The Bank's offerings include Private banking, Digital Banking, Business banking, custody services, consumer loans & mortgages, structured financing, and corporate leasing services among others. It has six Business segments Corporate Banking, Commercial Banking, Personal Banking, Private Banking, SME and Institutional Banking. The Bank operated two geographical segments in addition to the Head Office which is: North and South Bank, of which it dervies majority revenue from North Bank.
8GF Score

Get the complete analysis for NSA:UBP

Debt-to-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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