Ofg Bancorp annual debt-to-ebitda ratio
2019
2020
2021
2022
2023
Ofg Bancorp Debt-to-EBITDA Ratio Growth & History (OFG)
Ofg Bancorp's debt-to-ebitda ratio was 0.03 for fiscal 2023.
View full Ofg Bancorp company overviewOfg Bancorp annual debt-to-ebitda ratio history
| Fiscal year | Period ended | Debt-to-EBITDA ratio | Change | Growth |
|---|---|---|---|---|
| 2023 | 2023-12-31 | 0.03 | −0.01 | −21.06% |
| 2022 | 2022-12-31 | 0.04 | −0.01 | −20.61% |
| 2021 | 2021-12-31 | 0.05 | −0.00 | −7.67% |
| 2020 | 2020-12-31 | 0.06 | −0.77 | −92.97% |
| 2019 | 2019-12-31 | 0.83 | — | — |
Ofg Bancorp debt-to-ebitda ratio trends
Between the periods ended 2019-12-31 and 2023-12-31, Ofg Bancorp's debt-to-ebitda ratio decreased from 0.83 to 0.03, a change of −0.80.
About the metric
What the debt-to-EBITDA ratio means
Debt-to-EBITDA compares interest-bearing debt with operating earnings before interest, taxes, depreciation, and amortization. It is commonly used to assess leverage, but it is generally unsuitable for banks and other financial companies.
Calculation and source
How debt-to-EBITDA is calculated
TickerStat divides period-end total debt by annual EBITDA. Quarterly observations use trailing-12-month EBITDA. Periods with zero or negative EBITDA are excluded because the leverage multiple would not be meaningful. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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