Laurentian Bank of Canada (Laurentian Bank of Canada) Debt-to-Equity : 5.20 (As of Jan. 2024)

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What is Laurentian Bank of Canada Debt-to-Equity?

Laurentian Bank of Canada's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was $0.0 Mil. Laurentian Bank of Canada's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was $11,181.8 Mil. Laurentian Bank of Canada's Total Stockholders Equity for the quarter that ended in Jan. 2024 was $2,150.4 Mil. Laurentian Bank of Canada's debt to equity for the quarter that ended in Jan. 2024 was 5.20.

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 Laurentian Bank of Canada's Debt-to-Equity or its related term are showing as below:

LRCDF' s Debt-to-Equity Range Over the Past 10 Years
Min: 3.06 Med: 3.86 Max: 5.75
Current: 5.2

During the past 13 years, the highest Debt-to-Equity Ratio of Laurentian Bank of Canada was 5.75. The lowest was 3.06. And the median was 3.86.

LRCDF's Debt-to-Equity is ranked worse than
96.7% of 1394 companies
in the Banks industry
Industry Median: 0.68 vs LRCDF: 5.20

Laurentian Bank of Canada Debt-to-Equity Historical Data

The historical data trend for Laurentian Bank of Canada'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.

Laurentian Bank of Canada Debt-to-Equity Chart

Laurentian Bank of Canada Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Debt-to-Equity

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4.83

5.05

5.31

5.41

5.33

Laurentian Bank of Canada Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Debt-to-Equity	Get a 7-Day Free Trial															5.26	5.43	5.28	5.33	5.20

Competitive Comparison of Laurentian Bank of Canada's Debt-to-Equity

For the Banks - Regional subindustry, Laurentian Bank of Canada'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.

Laurentian Bank of Canada's Debt-to-Equity Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Laurentian Bank of Canada's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Laurentian Bank of Canada's Debt-to-Equity falls into.

Laurentian Bank of Canada Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Laurentian Bank of Canada'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	+	11107.373)	/	2084.904
	=	5.33

Laurentian Bank of Canada's Debt to Equity Ratio for the quarter that ended in Jan. 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	+	11181.779)	/	2150.406
	=	5.20

Laurentian Bank of Canada (OTCPK:LRCDF) 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.

Laurentian Bank of Canada Debt-to-Equity Related Terms

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Laurentian Bank of Canada (Laurentian Bank of Canada) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Laurentian Bank of Canada (OTCPK:LRCDF) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

LT7:Germany LB.PR.H.PFD:Canada LB:Canada

Address

1360, Boulevard Rene-Levesque Ouest, Suite 600, Secretariat Corporatif, Montreal, QC, CAN, H3G 0E5

Website

https://www.lbcfg.ca

Laurentian Bank of Canada provides personal banking, business banking and real estate and commercial financing to its personal, business, and institutional customers across Canada and the United States. The company reports three operating segments: personal, commercial banking, and capital markets. The personal segment offers financial services to retail clients. The commercial banking segment provides financial services, commercial banking, real estate financing, and equipment and inventory financing to business clients. The firm launched LBC Digital, allowing it to expand its customer reach from coast to coast through a direct-to-customer channel. The Canadian geographic segment generates majority of the revenue for the company.