Ecobank Ghana (XGHA:EGH) Debt-to-Equity : 0.05 (As of Jun. 2024)

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What is Ecobank Ghana Debt-to-Equity?

Ecobank Ghana's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was GHS0 Mil. Ecobank Ghana's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was GHS235 Mil. Ecobank Ghana's Total Stockholders Equity for the quarter that ended in Jun. 2024 was GHS4,311 Mil. Ecobank Ghana's debt to equity for the quarter that ended in Jun. 2024 was 0.05.

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 Ecobank Ghana's Debt-to-Equity or its related term are showing as below:

XGHA:EGH' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.02 Med: 0.06 Max: 0.36
Current: 0.05

During the past 13 years, the highest Debt-to-Equity Ratio of Ecobank Ghana was 0.36. The lowest was 0.02. And the median was 0.06.

XGHA:EGH's Debt-to-Equity is ranked better than
95.07% of 1501 companies
in the Banks industry
Industry Median: 0.7 vs XGHA:EGH: 0.05

Ecobank Ghana Debt-to-Equity Historical Data

The historical data trend for Ecobank Ghana'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.

Ecobank Ghana Debt-to-Equity Chart

Ecobank Ghana Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.08

0.04

0.03

0.06

Ecobank Ghana Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Debt-to-Equity	Get a 7-Day Free Trial															0.02	0.06	0.06	0.06	0.05

Competitive Comparison of Ecobank Ghana's Debt-to-Equity

For the Banks - Regional subindustry, Ecobank Ghana'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.

Ecobank Ghana's Debt-to-Equity Distribution in the Banks Industry

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

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

Ecobank Ghana Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Ecobank Ghana'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	+	210.688)	/	3661.362
	=	0.06

Ecobank Ghana's Debt to Equity Ratio for the quarter that ended in Jun. 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	+	234.747)	/	4310.618
	=	0.05

Ecobank Ghana (XGHA:EGH) 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.

Ecobank Ghana Debt-to-Equity Related Terms

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Ecobank Ghana Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Ecobank Ghana Ltd (XGHA:EGH) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

2 Morocco Lane, Off The Independence Avenue, Ministerial Area, Accra, GHA, 3261

Website

https://www.ecobank.com

Ecobank Ghana Ltd is a commercial banking corporation based in Ghana. Its service offering includes retail, corporate, and investment banking products. The bank functions through three operating segments namely Consumer banking focused on individuals who are grouped into a premier, advantage (personal banking), and classic & youth banking (direct banking); Commercial Banking focused on Business Banking and Medium Local Corporates such as SMEs, Medium Local corporates and Non-government public sector (schools, faith, NGOs & professional bodies); and Corporate banking specializes in serving the public sector, multinational institutions, financial institutions/international organizations and the Regional Corporate segment of the market.

Ecobank Ghana Headlines

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