IDFC First Bank (NSE:IDFCFIRSTB) Debt-to-Equity : 1.58 (As of Mar. 2024)

View and export this data going back to 2015. Start your Free Trial

What is IDFC First Bank Debt-to-Equity?

IDFC First Bank's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹0 Mil. IDFC First Bank's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹509,357 Mil. IDFC First Bank's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₹322,736 Mil. IDFC First Bank's debt to equity for the quarter that ended in Mar. 2024 was 1.58.

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 IDFC First Bank's Debt-to-Equity or its related term are showing as below:

NSE:IDFCFIRSTB' s Debt-to-Equity Range Over the Past 10 Years
Min: 1.58 Med: 3.13 Max: 3.73
Current: 1.58

During the past 10 years, the highest Debt-to-Equity Ratio of IDFC First Bank was 3.73. The lowest was 1.58. And the median was 3.13.

NSE:IDFCFIRSTB's Debt-to-Equity is ranked worse than
77.62% of 1394 companies
in the Banks industry
Industry Median: 0.65 vs NSE:IDFCFIRSTB: 1.58

IDFC First Bank Debt-to-Equity Historical Data

The historical data trend for IDFC First Bank'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.

IDFC First Bank Debt-to-Equity Chart

IDFC First Bank Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

Get a 7-Day Free Trial

3.73

2.56

2.51

2.21

1.58

IDFC First Bank Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															N/A	2.21	1.92	N/A	1.58

Competitive Comparison of IDFC First Bank's Debt-to-Equity

For the Banks - Regional subindustry, IDFC First Bank'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.

IDFC First Bank's Debt-to-Equity Distribution in the Banks Industry

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

* The bar in red indicates where IDFC First Bank's Debt-to-Equity falls into.

IDFC First Bank Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

IDFC First Bank's Debt to Equity Ratio for the fiscal year 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
	=	(0	+	509357.4)	/	322735.8
	=	1.58

IDFC First Bank'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
	=	(0	+	509357.4)	/	322735.8
	=	1.58

IDFC First Bank (NSE:IDFCFIRSTB) 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.

IDFC First Bank Debt-to-Equity Related Terms

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

IDFC First Bank (NSE:IDFCFIRSTB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » IDFC First Bank Ltd (NSE:IDFCFIRSTB) » Definitions » Debt-to-Equity

Traded in Other Exchanges

539437:India

Address

The Square, C-61, G-Block, Ground Floor To 8th Floor, Bandra-Kurla Complex, Bandra (East), Mumbai, MH, IND, 400 051

Website

https://www.idfcfirstbank.com

IDFC First Bank Ltd provides banking services including lending to individuals, providing loans, non-fund facilities, transaction services, corporate advisory, project appraisal placement, and syndication through the branch network and other delivery channels. The bank holds an investment portfolio, money market borrowing and lending, investment operations, and an entire foreign exchange and derivative portfolio. It organizes its business into four segments namely Treasury, Corporate and Wholesale, Retail, and Other Banking Business. The company generates maximum revenue from the Retail banking segment.

IDFC First Bank (NSE:IDFCFIRSTB) Headlines

No Headlines