Peoples Leasing & Finance (COL:PLC.N0000) Debt-to-Equity : 0.27 (As of Dec. 2023)

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What is Peoples Leasing & Finance Debt-to-Equity?

Peoples Leasing & Finance's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was රු0 Mil. Peoples Leasing & Finance's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was රු12,186 Mil. Peoples Leasing & Finance's Total Stockholders Equity for the quarter that ended in Dec. 2023 was රු45,585 Mil. Peoples Leasing & Finance's debt to equity for the quarter that ended in Dec. 2023 was 0.27.

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 Peoples Leasing & Finance's Debt-to-Equity or its related term are showing as below:

COL:PLC.N0000' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.27 Med: 0.97 Max: 2.93
Current: 0.27

During the past 13 years, the highest Debt-to-Equity Ratio of Peoples Leasing & Finance was 2.93. The lowest was 0.27. And the median was 0.97.

COL:PLC.N0000's Debt-to-Equity is ranked better than
78.06% of 433 companies
in the Credit Services industry
Industry Median: 1.13 vs COL:PLC.N0000: 0.27

Peoples Leasing & Finance Debt-to-Equity Historical Data

The historical data trend for Peoples Leasing & 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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Peoples Leasing & Finance Debt-to-Equity Chart

Peoples Leasing & Finance Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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1.68

0.94

0.63

0.78

0.65

Peoples Leasing & 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															0.41	0.65	0.28	0.27	0.27

Competitive Comparison of Peoples Leasing & Finance's Debt-to-Equity

For the Credit Services subindustry, Peoples Leasing & 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.

Peoples Leasing & Finance's Debt-to-Equity Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Peoples Leasing & Finance's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Peoples Leasing & Finance's Debt-to-Equity falls into.

Peoples Leasing & Finance Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Peoples Leasing & 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	+	29111.353)	/	44519.149
	=	0.65

Peoples Leasing & 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	+	12186)	/	45585
	=	0.27

Peoples Leasing & Finance (COL:PLC.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.

Peoples Leasing & Finance Debt-to-Equity Related Terms

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

Peoples Leasing & Finance (COL:PLC.N0000) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Peoples Leasing & Finance PLC (COL:PLC.N0000) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1161, Maradana Road, Borella, Colombo, LKA, 00800

Website

https://www.plc.lk

Peoples Leasing & Finance PLC provides financial service. The company's operating segment include Lease and hire purchase; Loans; Islamic; Insurance business and Other business. It generates maximum revenue from the Lease and hire purchase segment. The company product portfolio mainly comprises finance leases, loans, deposits (fixed and saving deposits), Islamic products and factoring, as well as margin trading facilities and others.

Peoples Leasing & Finance (COL:PLC.N0000) Headlines

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