Banco de la Produccion PRODUBANCO (QUI:PRE) Debt-to-Equity : 0.35 (As of Dec. 2023)

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What is Banco de la Produccion PRODUBANCO Debt-to-Equity?

Banco de la Produccion PRODUBANCO's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.0 Mil. Banco de la Produccion PRODUBANCO's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $208.5 Mil. Banco de la Produccion PRODUBANCO's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $595.9 Mil. Banco de la Produccion PRODUBANCO's debt to equity for the quarter that ended in Dec. 2023 was 0.35.

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 Banco de la Produccion PRODUBANCO's Debt-to-Equity or its related term are showing as below:

QUI:PRE' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.19 Med: 0.28 Max: 0.38
Current: 0.35

During the past 7 years, the highest Debt-to-Equity Ratio of Banco de la Produccion PRODUBANCO was 0.38. The lowest was 0.19. And the median was 0.28.

QUI:PRE's Debt-to-Equity is ranked better than
65.76% of 1472 companies
in the Banks industry
Industry Median: 0.61 vs QUI:PRE: 0.35

Banco de la Produccion PRODUBANCO Debt-to-Equity Historical Data

The historical data trend for Banco de la Produccion PRODUBANCO'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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Banco de la Produccion PRODUBANCO Debt-to-Equity Chart

Banco de la Produccion PRODUBANCO Annual Data

Trend

Dec14

Dec15

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.27

0.28

0.38

0.35

Banco de la Produccion PRODUBANCO Semi-Annual Data
	Dec14	Dec15	Dec19	Dec20	Dec21	Dec22	Dec23
Debt-to-Equity	Get a 7-Day Free Trial			0.27	0.28	0.28	0.38	0.35

Competitive Comparison of Banco de la Produccion PRODUBANCO's Debt-to-Equity

For the Banks - Regional subindustry, Banco de la Produccion PRODUBANCO'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.

Banco de la Produccion PRODUBANCO's Debt-to-Equity Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Banco de la Produccion PRODUBANCO's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Banco de la Produccion PRODUBANCO's Debt-to-Equity falls into.

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Banco de la Produccion PRODUBANCO Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Banco de la Produccion PRODUBANCO'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	+	208.5)	/	595.85
	=	0.35

Banco de la Produccion PRODUBANCO'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	+	208.5)	/	595.85
	=	0.35

Banco de la Produccion PRODUBANCO (QUI:PRE) 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.

Banco de la Produccion PRODUBANCO Debt-to-Equity Related Terms

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

Banco de la Produccion PRODUBANCO Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Banco de la Produccion SA PRODUBANCO (QUI:PRE) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

PRE:Ecuador

Address

Simon Bolivar and Via a Nayon, Ekopark Corporate Complex, Tower 1, Quito, ECU

Website

https://www.produbanco.com

Banco de la Produccion SA PRODUBANCO is a banking company. Its services include current accounts in dollars, savings accounts in dollars, capital integration accounts, payment of import levies, payment of taxes, accumulation policies, and ATMs among others.