Sumitomo Mitsui Financial Group (Sumitomo Mitsui Financial Group) Debt-to-Equity

: 2.39 (As of Dec. 2023)

View and export this data going back to 2006. Start your Free Trial

Sumitomo Mitsui Financial Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $33,274 Mil. Sumitomo Mitsui Financial Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $195,757 Mil. Sumitomo Mitsui Financial Group's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $95,715 Mil. Sumitomo Mitsui Financial Group's debt to equity for the quarter that ended in Dec. 2023 was 2.39.

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 Sumitomo Mitsui Financial Group's Debt-to-Equity or its related term are showing as below:

SMFG' s Debt-to-Equity Range Over the Past 10 Years
Min: 2 Med: 2.48 Max: 3.06
Current: 2.39

During the past 13 years, the highest Debt-to-Equity Ratio of Sumitomo Mitsui Financial Group was 3.06. The lowest was 2.00. And the median was 2.48.

SMFG's Debt-to-Equity is ranked worse than
88.2% of 1398 companies
in the Banks industry
Industry Median: 0.7 vs SMFG: 2.39

Sumitomo Mitsui Financial Group Debt-to-Equity Historical Data

The historical data trend for Sumitomo Mitsui Financial Group'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.

Sumitomo Mitsui Financial Group Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

2.19

2.80

2.57

2.66

2.32

Sumitomo Mitsui Financial Group 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																2.06	2.32	2.27	2.31	2.39

Competitive Comparison

For the Banks - Diversified subindustry, Sumitomo Mitsui Financial Group'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.

Sumitomo Mitsui Financial Group Debt-to-Equity Distribution

For the Banks industry and Financial Services sector, Sumitomo Mitsui Financial Group's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Sumitomo Mitsui Financial Group's Debt-to-Equity falls into.

Sumitomo Mitsui Financial Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Sumitomo Mitsui Financial Group'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
	=	(36801.233	+	183024.435)	/	94876.56
	=	2.32

Sumitomo Mitsui Financial Group'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
	=	(33274.212	+	195756.885)	/	95715.144
	=	2.39

Sumitomo Mitsui Financial Group (NYSE:SMFG) 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.

Sumitomo Mitsui Financial Group Debt-to-Equity Related Terms

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

Sumitomo Mitsui Financial Group (Sumitomo Mitsui Financial Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Sumitomo Mitsui Financial Group Inc (NYSE:SMFG) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

SMFNF:USA SMFG:Mexico 8316:Japan 8316:Japan XMF:Germany XMFA:Germany XMF:Germany S1MF34:Brazil

Address

1-2, Marunouchi 1-chome, Chiyoda-ku, Tokyo, JPN, 100-0005

Website

https://www.smfg.co.jp

Sumitomo Mitsui Financial Group is roughly tied with Mizuho Financial Group for the status of Japan's second-largest bank after Mitsubishi UFJ Financial Group. As of March 2023, its market share of domestic loans was 7.1%, compared with 8.1% for MUFG. It has a larger consumer finance business than the other two megabanks, owning 100% of the Promise business and SMBC Card. It also controls one of Japan's largest leasing companies and SMBC Aviation Capital, one of the top five aircraft lessors globally. In securities, its SMBC Nikko unit is Japan's third-largest retail broker, although SMFG has lagged somewhat in institutional securities business and asset management.