LBC Express Holdings (PHS:LBC) Debt-to-Equity : 3.37 (As of Mar. 2024)

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What is LBC Express Holdings Debt-to-Equity?

LBC Express Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₱4,167 Mil. LBC Express Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₱2,148 Mil. LBC Express Holdings's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₱1,873 Mil. LBC Express Holdings's debt to equity for the quarter that ended in Mar. 2024 was 3.37.

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 LBC Express Holdings's Debt-to-Equity or its related term are showing as below:

PHS:LBC' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.38 Med: 1.36 Max: 3.96
Current: 3.37

During the past 13 years, the highest Debt-to-Equity Ratio of LBC Express Holdings was 3.96. The lowest was 0.38. And the median was 1.36.

PHS:LBC's Debt-to-Equity is ranked worse than
93.31% of 882 companies
in the Transportation industry
Industry Median: 0.57 vs PHS:LBC: 3.37

LBC Express Holdings Debt-to-Equity Historical Data

The historical data trend for LBC Express Holdings'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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LBC Express Holdings Debt-to-Equity Chart

LBC Express Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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1.29

1.90

2.98

3.96

3.34

LBC Express Holdings 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															3.00	3.16	2.89	3.34	3.37

Competitive Comparison of LBC Express Holdings's Debt-to-Equity

For the Integrated Freight & Logistics subindustry, LBC Express Holdings'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.

LBC Express Holdings's Debt-to-Equity Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, LBC Express Holdings's Debt-to-Equity distribution charts can be found below:

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

LBC Express Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

LBC Express Holdings'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
	=	(4183.189	+	2317.04)	/	1945.716
	=	3.34

LBC Express Holdings'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
	=	(4166.835	+	2147.899)	/	1872.616
	=	3.37

LBC Express Holdings (PHS:LBC) 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.

LBC Express Holdings Debt-to-Equity Related Terms

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LBC Express Holdings (PHS:LBC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » LBC Express Holdings (PHS:LBC) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Domestic Airport Road, LBC Hangar, General Aviation Centre, Metro Manila, Pasay, PHL, 1300

Website

https://www.lbcexpressholdings.com

LBC Express Holdings is a Philippines-based holding company engaged in providing logistics and money transfer services. Through the logistics services, the company serves two customer segments, retail customers, and corporate customers. It provides services such as courier, air cargo forwarding, and balikbayan box services to retail customers. To corporate customers, it offers courier and freight forwarding services, corporate solutions, and tailor-made corporate logistics services. In the money transfer services segment, the company comprises both domestic and international money transfer services such as remittances, bill payment collection, and corporate remittance payout services. The firm operates in the Philippines and globally, and generates key revenue from the Logistics segment.