Citizens Development Business Finance (COL:CDB.N0000) Debt-to-Equity : 1.90 (As of Dec. 2023)

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What is Citizens Development Business Finance Debt-to-Equity?

Citizens Development Business Finance's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was රු0 Mil. Citizens Development Business Finance's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was රු36,664 Mil. Citizens Development Business Finance's Total Stockholders Equity for the quarter that ended in Dec. 2023 was රු19,337 Mil. Citizens Development Business Finance's debt to equity for the quarter that ended in Dec. 2023 was 1.90.

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 Citizens Development Business Finance's Debt-to-Equity or its related term are showing as below:

COL:CDB.N0000' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.94 Med: 1.96 Max: 3.73
Current: 1.9

During the past 13 years, the highest Debt-to-Equity Ratio of Citizens Development Business Finance was 3.73. The lowest was 0.94. And the median was 1.96.

COL:CDB.N0000's Debt-to-Equity is ranked worse than
62.5% of 432 companies
in the Credit Services industry
Industry Median: 1.13 vs COL:CDB.N0000: 1.90

Citizens Development Business Finance Debt-to-Equity Historical Data

The historical data trend for Citizens Development Business Finance'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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Citizens Development Business Finance Debt-to-Equity Chart

Citizens Development Business Finance Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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3.43

2.93

1.98

1.79

1.17

Citizens Development Business Finance Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															1.42	1.17	0.96	0.94	1.90

Competitive Comparison of Citizens Development Business Finance's Debt-to-Equity

For the Credit Services subindustry, Citizens Development Business Finance'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.

Citizens Development Business Finance's Debt-to-Equity Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Citizens Development Business Finance's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Citizens Development Business Finance's Debt-to-Equity falls into.

Citizens Development Business Finance Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Citizens Development Business Finance's Debt to Equity Ratio for the fiscal year that ended in Mar. 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	+	21292.801)	/	18190.221
	=	1.17

Citizens Development Business Finance's Debt to Equity Ratio for the quarter 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	+	36664.345)	/	19336.834
	=	1.90

Citizens Development Business Finance (COL:CDB.N0000) 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.

Citizens Development Business Finance Debt-to-Equity Related Terms

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

Citizens Development Business Finance (COL:CDB.N0000) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Citizens Development Business Finance PLC (COL:CDB.N0000) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

CDB.X0000:Sri Lanka

Address

No. 123, Orabipasha Mawatha, Western Province, Colombo, LKA, 10

Website

https://www.cdb.lk

Citizens Development Business Finance PLC provides financial services. The company offers term and savings deposits, leasing, hire purchase and loan facilities, gold loans, foreign exchange, foreign remittances, issuance of international debit cards, credit cards, margin trading, Islamic finance products, and other financial services. Its operating segment includes Lease and stocks out on hire; Loans and advances and Other. The company generates maximum revenue from the Lease and stock out-on-hire segment.

Citizens Development Business Finance (COL:CDB.N0000) Headlines

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