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Australia and New Zealand Banking Group Ltd (OTCPK:ANZBY)
Debt to Equity
2.23 (As of Mar. 2014)

Australia and New Zealand Banking Group Ltd's current portion of long-term debt for the quarter that ended in Mar. 2014 was $91,077 Mil. Australia and New Zealand Banking Group Ltd's long-term debt for the quarter that ended in Mar. 2014 was $6,315 Mil. Australia and New Zealand Banking Group Ltd's total equity for the quarter that ended in Mar. 2014 was $43,775 Mil. Australia and New Zealand Banking Group Ltd's debt to equity for the quarter that ended in Mar. 2014 was 2.22.

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.


Definition

Debt to Equity measures the financial leverage a company has.

Australia and New Zealand Banking Group Ltd's Debt to Equity Ratio for the fiscal year that ended in Sep. 2013 is calculated as

Debt to Equity=Total Debt / Total Equity
=(Current Portion of Long-Term Debt + Long-Term Debt) / Total Equity
=(114556.190476 + 6202.85714286) / 43383.8095238
=2.78

Australia and New Zealand Banking Group Ltd's Debt to Equity Ratio for the quarter that ended in Mar. 2014 is calculated as

Debt to Equity=Total Debt / Total Equity
=(Current Portion of Long-Term Debt + Long-Term Debt) / Total Equity
=(91077.3532153 + 6315.00465983) / 43775.3960857
=2.22

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.


Explanation

In the calculation of Debt to Equity, we use the total of Current Portion of Long-Term Debt and Long-Term Debt divided by Total Equity. In some calculations, Total Liabilities is used to for calculation.


Be Aware

Because a company can increase its Return on Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return on Equity companies.


Related Terms

Current Portion of Long-Term Debt, Long-Term Debt, Total Equity, Return on Equity


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

Australia and New Zealand Banking Group Ltd Annual Data

Sep04Sep05Sep06Sep07Sep08Sep09Sep10Sep11Sep12Sep13
deb2equity 3.123.794.613.933.883.132.922.482.772.78

Australia and New Zealand Banking Group Ltd Semi-Annual Data

Sep09Mar10Sep10Mar11Sep11Mar12Sep12Mar13Sep13Mar14
deb2equity 3.132.952.922.472.482.432.772.592.782.23
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