Doverie Obed Hl (XBUL:DUH) Debt-to-Equity : 0.52 (As of Sep. 2023)

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What is Doverie Obed Hl Debt-to-Equity?

Doverie Obed Hl's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was лв92.5 Mil. Doverie Obed Hl's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was лв158.9 Mil. Doverie Obed Hl's Total Stockholders Equity for the quarter that ended in Sep. 2023 was лв479.6 Mil. Doverie Obed Hl's debt to equity for the quarter that ended in Sep. 2023 was 0.52.

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 Doverie Obed Hl's Debt-to-Equity or its related term are showing as below:

XBUL:DUH' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.43 Med: 0.9 Max: 2.43
Current: 0.52

During the past 13 years, the highest Debt-to-Equity Ratio of Doverie Obed Hl was 2.43. The lowest was 0.43. And the median was 0.90.

XBUL:DUH's Debt-to-Equity is ranked better than
58.69% of 1392 companies
in the Banks industry
Industry Median: 0.68 vs XBUL:DUH: 0.52

Doverie Obed Hl Debt-to-Equity Historical Data

The historical data trend for Doverie Obed Hl'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.

Doverie Obed Hl Debt-to-Equity Chart

Doverie Obed Hl Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Debt-to-Equity

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0.43

1.09

1.10

0.85

0.72

Doverie Obed Hl Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial															0.70	0.72	0.69	0.60	0.52

Competitive Comparison of Doverie Obed Hl's Debt-to-Equity

For the Banks - Regional subindustry, Doverie Obed Hl'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.

Doverie Obed Hl's Debt-to-Equity Distribution in the Banks Industry

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

* The bar in red indicates where Doverie Obed Hl's Debt-to-Equity falls into.

Doverie Obed Hl Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Doverie Obed Hl's Debt to Equity Ratio for the fiscal year that ended in Dec. 2022 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
	=	(109.191	+	172.798)	/	389.374
	=	0.72

Doverie Obed Hl's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(92.543	+	158.856)	/	479.609
	=	0.52

Doverie Obed Hl (XBUL:DUH) 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.

Doverie Obed Hl Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Doverie Obed Hl's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Doverie Obed Hl (XBUL:DUH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Doverie Obed Hl (XBUL:DUH) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

5 Lachezar Stanchev Str., Building A, floor 7, Sopharma Business Towers, Sofia, BGR, 1756

Website

https://www.doverie.bg

Doverie Obed Hl is a holding company that unites companies which carry out their activities in the field of commercial banking, health care, wine making, residential building, household chemicals, purchase/sale of DIY goods, renting out real estate and movable property and others. The company has the following operating segments Banking sector, Insurance sector Trade in 'do it yourself' goods, Non-financial enterprises performing financial services, Medical services, Detergents & household chemicals and Others The majority of revenue is from the Banking sector.

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