Scotia Group Jamaica (XJAM:SGJ) Debt-to-Equity : 0.00 (As of Jul. 2024)

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What is Scotia Group Jamaica Debt-to-Equity?

Scotia Group Jamaica's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jul. 2024 was JMD0 Mil. Scotia Group Jamaica's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jul. 2024 was JMD0 Mil. Scotia Group Jamaica's Total Stockholders Equity for the quarter that ended in Jul. 2024 was JMD131,964 Mil. Scotia Group Jamaica's debt to equity for the quarter that ended in Jul. 2024 was 0.00.

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

XJAM:SGJ' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.02 Max: 0.08
Current: 0.01

During the past 13 years, the highest Debt-to-Equity Ratio of Scotia Group Jamaica was 0.08. The lowest was 0.01. And the median was 0.02.

XJAM:SGJ's Debt-to-Equity is ranked better than
99.93% of 1504 companies
in the Banks industry
Industry Median: 0.7 vs XJAM:SGJ: 0.01

Scotia Group Jamaica Debt-to-Equity Historical Data

The historical data trend for Scotia Group Jamaica'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.

Scotia Group Jamaica Debt-to-Equity Chart

Scotia Group Jamaica Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Debt-to-Equity

Get a 7-Day Free Trial

0.02

0.01

Scotia Group Jamaica Quarterly Data
	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24
Debt-to-Equity	Get a 7-Day Free Trial															N/A	0.01	-	-	-

Competitive Comparison of Scotia Group Jamaica's Debt-to-Equity

For the Banks - Regional subindustry, Scotia Group Jamaica'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.

Scotia Group Jamaica's Debt-to-Equity Distribution in the Banks Industry

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

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

Scotia Group Jamaica Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Scotia Group Jamaica's Debt to Equity Ratio for the fiscal year that ended in Oct. 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	+	1268.71)	/	126548.087
	=	0.01

Scotia Group Jamaica's Debt to Equity Ratio for the quarter that ended in Jul. 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	+	0)	/	131964.228
	=	0.00

Scotia Group Jamaica (XJAM:SGJ) 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.

Scotia Group Jamaica Debt-to-Equity Related Terms

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

Scotia Group Jamaica Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Scotia Group Jamaica Ltd (XJAM:SGJ) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Corner Duke and Port Royal Streets, P.O. Box 709, Scotiabank Centre, Kingston, JAM

Website

https://jm.scotiabank.com

Scotia Group Jamaica Ltd is a Jamaican financial holding company. It provides a range of financial services through its subsidiaries to personal, commercial, corporate, and government clients across Jamaica. The company has six business segments: Retail, Corporate and Commercial, Treasury, Investment Management Services, Insurance Services, and Others. It generates maximum revenue from the Retail banking segment. The retail banking segment includes personal banking services, personal deposit accounts, credit and debit cards, consumer loans, mortgages, and microfinance.

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