ForteBank JSC (XKAZ:ASBN) Debt-to-Equity : 0.78 (As of Sep. 2024)

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What is ForteBank JSC Debt-to-Equity?

ForteBank JSC's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was ₸0 Mil. ForteBank JSC's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was ₸387,028 Mil. ForteBank JSC's Total Stockholders Equity for the quarter that ended in Sep. 2024 was ₸498,149 Mil. ForteBank JSC's debt to equity for the quarter that ended in Sep. 2024 was 0.78.

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 ForteBank JSC's Debt-to-Equity or its related term are showing as below:

XKAZ:ASBN' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.76 Med: 1.25 Max: 1.86
Current: 0.78

During the past 13 years, the highest Debt-to-Equity Ratio of ForteBank JSC was 1.86. The lowest was 0.76. And the median was 1.25.

XKAZ:ASBN's Debt-to-Equity is ranked worse than
56.31% of 1449 companies
in the Banks industry
Industry Median: 0.63 vs XKAZ:ASBN: 0.78

ForteBank JSC Debt-to-Equity Historical Data

The historical data trend for ForteBank JSC'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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ForteBank JSC Debt-to-Equity Chart

ForteBank JSC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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1.63

1.49

1.30

0.97

0.82

ForteBank JSC Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Debt-to-Equity	Get a 7-Day Free Trial															0.89	0.82	0.76	0.85	0.78

Competitive Comparison of ForteBank JSC's Debt-to-Equity

For the Banks - Regional subindustry, ForteBank JSC'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.

ForteBank JSC's Debt-to-Equity Distribution in the Banks Industry

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

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

ForteBank JSC Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

ForteBank JSC'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	+	351638)	/	429808
	=	0.82

ForteBank JSC's Debt to Equity Ratio for the quarter 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	+	387028)	/	498149
	=	0.78

ForteBank JSC (XKAZ:ASBN) 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.

ForteBank JSC Debt-to-Equity Related Terms

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

ForteBank JSC Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » ForteBank JSC (XKAZ:ASBN) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Dostyk Street, 8/1, Astana, KAZ, 010017

Website

https://www.forte.bank

ForteBank JSC is a commercial bank based in Kazakhstan. It is a result of the merger of OJSC Semipalatinsk Municipal Joint Stock Bank and OJSC Irtyshbusinessbank. ForteBank's core services involve the provision of banking services to individuals and corporates. Its customers can also avail insurance coverage for deposits, depending upon a number of deposits. The group's primary business is related to commercial banking activities, granting of loans and guarantees, accepting deposits, exchanging foreign currencies, dealing with securities, transferring cash payments, as well as providing other banking services.

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