Opal Balance Investments (XTAE:OPAL) Debt-to-Equity : 0.72 (As of Mar. 2024)

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What is Opal Balance Investments Debt-to-Equity?

Opal Balance Investments's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₪150.75 Mil. Opal Balance Investments's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₪1.26 Mil. Opal Balance Investments's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₪211.24 Mil. Opal Balance Investments's debt to equity for the quarter that ended in Mar. 2024 was 0.72.

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 Opal Balance Investments's Debt-to-Equity or its related term are showing as below:

XTAE:OPAL' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.72 Med: 2.02 Max: 3.71
Current: 0.72

During the past 11 years, the highest Debt-to-Equity Ratio of Opal Balance Investments was 3.71. The lowest was 0.72. And the median was 2.02.

XTAE:OPAL's Debt-to-Equity is ranked worse than
66.12% of 611 companies
in the Capital Markets industry
Industry Median: 0.36 vs XTAE:OPAL: 0.72

Opal Balance Investments Debt-to-Equity Historical Data

The historical data trend for Opal Balance Investments'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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Opal Balance Investments Debt-to-Equity Chart

Opal Balance Investments Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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1.75

1.00

1.64

1.55

0.74

Opal Balance Investments Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															1.28	1.15	1.31	0.74	0.72

Competitive Comparison of Opal Balance Investments's Debt-to-Equity

For the Capital Markets subindustry, Opal Balance Investments'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.

Opal Balance Investments's Debt-to-Equity Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Opal Balance Investments's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Opal Balance Investments's Debt-to-Equity falls into.

Opal Balance Investments Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Opal Balance Investments'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
	=	(154.126	+	2.091)	/	210.411
	=	0.74

Opal Balance Investments's Debt to Equity Ratio for the quarter that ended in Mar. 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
	=	(150.75	+	1.257)	/	211.236
	=	0.72

Opal Balance Investments (XTAE:OPAL) 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.

Opal Balance Investments Debt-to-Equity Related Terms

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