NCB Financial Group (XJAM:NCBFG) Debt-to-Equity : 1.13 (As of Dec. 2024)

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What is NCB Financial Group Debt-to-Equity?

NCB Financial Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2024 was JMD0 Mil. NCB Financial Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2024 was JMD190,296 Mil. NCB Financial Group's Total Stockholders Equity for the quarter that ended in Dec. 2024 was JMD168,171 Mil. NCB Financial Group's debt to equity for the quarter that ended in Dec. 2024 was 1.13.

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 NCB Financial Group's Debt-to-Equity or its related term are showing as below:

XJAM:NCBFG' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.1 Med: 0.86 Max: 1.49
Current: 1.13

During the past 13 years, the highest Debt-to-Equity Ratio of NCB Financial Group was 1.49. The lowest was 0.10. And the median was 0.86.

XJAM:NCBFG's Debt-to-Equity is ranked worse than
83.93% of 224 companies
in the Diversified Financial Services industry
Industry Median: 0.16 vs XJAM:NCBFG: 1.13

NCB Financial Group Debt-to-Equity Historical Data

The historical data trend for NCB Financial Group'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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NCB Financial Group Debt-to-Equity Chart

NCB Financial Group Annual Data

Trend

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Sep24

Debt-to-Equity

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1.00

1.01

1.36

1.49

1.21

NCB Financial Group Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Jun24	Sep24	Dec24
Debt-to-Equity	Get a 7-Day Free Trial															1.49	1.13	1.20	1.21	1.13

Competitive Comparison of NCB Financial Group's Debt-to-Equity

For the Financial Conglomerates subindustry, NCB Financial Group'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.

NCB Financial Group's Debt-to-Equity Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, NCB Financial Group's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where NCB Financial Group's Debt-to-Equity falls into.

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NCB Financial Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

NCB Financial Group's Debt to Equity Ratio for the fiscal year that ended in Sep. 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	+	208040.234)	/	172294.502
	=	1.21

NCB Financial Group's Debt to Equity Ratio for the quarter that ended in Dec. 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	+	190296)	/	168171
	=	1.13

NCB Financial Group (XJAM:NCBFG) 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.

NCB Financial Group Debt-to-Equity Related Terms

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NCB Financial Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » NCB Financial Group Ltd (XJAM:NCBFG) » Definitions » Debt-to-Equity

Traded in Other Exchanges

NCBFG:Trinidad and Tobago

Address

32 Trafalgar Road, The Atrium, Kingston, JAM, 10

Website

https://www.myncb.com

NCB Financial Group Ltd provides financial services. Its segments comprise Banking and Investment Activities which includes Consumer & SME Banking, Corporate and Commerical Banking, Payment services, Treasury and Correspondent banking, Wealth, Asset management, and Investment Banking; And Insurance Activities Life and Health Insurance and pension Management, and General Insurance. Maximum revenue is from Life and Health Insurance and pension Management sector, with maximum profit from Jamaica and Trinidad and Tobago.

NCB Financial Group Headlines

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