Ringkjoebing Landbobank A/S (OCSE:RILBA) Debt-to-Equity : 0.87 (As of Mar. 2024)

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What is Ringkjoebing Landbobank A/S Debt-to-Equity?

Ringkjoebing Landbobank A/S's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was kr0 Mil. Ringkjoebing Landbobank A/S's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was kr9,129 Mil. Ringkjoebing Landbobank A/S's Total Stockholders Equity for the quarter that ended in Mar. 2024 was kr10,460 Mil. Ringkjoebing Landbobank A/S's debt to equity for the quarter that ended in Mar. 2024 was 0.87.

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 Ringkjoebing Landbobank A/S's Debt-to-Equity or its related term are showing as below:

OCSE:RILBA' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.51 Med: 0.78 Max: 1.13
Current: 0.87

During the past 13 years, the highest Debt-to-Equity Ratio of Ringkjoebing Landbobank A/S was 1.13. The lowest was 0.51. And the median was 0.78.

OCSE:RILBA's Debt-to-Equity is ranked worse than
58.69% of 1404 companies
in the Banks industry
Industry Median: 0.66 vs OCSE:RILBA: 0.87

Ringkjoebing Landbobank A/S Debt-to-Equity Historical Data

The historical data trend for Ringkjoebing Landbobank A/S'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.

Ringkjoebing Landbobank A/S Debt-to-Equity Chart

Ringkjoebing Landbobank A/S Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.87

0.78

0.81

1.06

0.89

Ringkjoebing Landbobank A/S 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															1.13	0.97	0.95	0.89	0.87

Competitive Comparison of Ringkjoebing Landbobank A/S's Debt-to-Equity

For the Banks - Regional subindustry, Ringkjoebing Landbobank A/S'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.

Ringkjoebing Landbobank A/S's Debt-to-Equity Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Ringkjoebing Landbobank A/S's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Ringkjoebing Landbobank A/S's Debt-to-Equity falls into.

Ringkjoebing Landbobank A/S Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Ringkjoebing Landbobank A/S'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	+	9312.775)	/	10451.204
	=	0.89

Ringkjoebing Landbobank A/S'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	+	9129.352)	/	10459.565
	=	0.87

Ringkjoebing Landbobank A/S (OCSE:RILBA) 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.

Ringkjoebing Landbobank A/S Debt-to-Equity Related Terms

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

Ringkjoebing Landbobank A/S (OCSE:RILBA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Ringkjoebing Landbobank A/S (OCSE:RILBA) » Definitions » Debt-to-Equity

Traded in Other Exchanges

0RPR:UK CJ2:Germany

Address

Torvet 1, Ringkobing, DNK, 6950

Website

http://www.landbobanken.com

Ringkjoebing Landbobank A/S is a bank that carries out its operating activities primarily in Denmark. A majority of the bank's core income is net interest income. Most of the bank's net fees, commissions, and foreign exchange income are derived from asset management, followed by guarantee commissions, securities trading, and custody accounts. The bank's capital objective is to maintain strong capitalization for future growth while covering any fluctuation of the risks it assumes. The bank's credit is diversified to the energy business, as well as financial services, real property, and agriculture.

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