Suruga Bank (Suruga Bank) Debt-to-Equity : 0.00 (As of Dec. 2023)

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What is Suruga Bank Debt-to-Equity?

Suruga Bank's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.0 Mil. Suruga Bank's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.0 Mil. Suruga Bank's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $2,021.8 Mil. Suruga Bank's debt to equity for the quarter that ended in Dec. 2023 was 0.00.

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

During the past 13 years, the highest Debt-to-Equity Ratio of Suruga Bank was 0.29. The lowest was 0.00. And the median was 0.01.

SUGBY's Debt-to-Equity is not ranked ^*
in the Banks industry.
Industry Median: 0.69
* Ranked among companies with meaningful Debt-to-Equity only.

Suruga Bank Debt-to-Equity Historical Data

The historical data trend for Suruga 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.

Suruga Bank Debt-to-Equity Chart

Suruga Bank Annual Data

Trend

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Mar23

Debt-to-Equity

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Suruga Bank 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															-	-	-	-	-

Competitive Comparison of Suruga Bank's Debt-to-Equity

For the Banks - Regional subindustry, Suruga 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.

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

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

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

Suruga Bank Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Suruga Bank'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	+	0)	/	2027.003
	=	0.00

Suruga Bank'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	+	0)	/	2021.822
	=	0.00

Suruga Bank (OTCPK:SUGBY) 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.

Suruga Bank Debt-to-Equity Related Terms

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Suruga Bank (Suruga Bank) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Suruga Bank Ltd (OTCPK:SUGBY) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

8358:Japan URU:Germany

Address

23 Toriyoko-cho, Numazu, JPN

Website

http://www.surugabank.co.jp

Suruga Bank Ltd. is a regional bank in the Kanto area. The company divides its operations into five core businesses: personal loans, housing loans, asset management, life support, and small- to medium-size corporate lending. Specifically, this includes deposits, loans, foreign exchange transactions, leasing, letters of credit, and credit card services. Within their loan business, Suruga caters to consumers, allowing them to access more credit to work on projects such as renovations and refurbishment in addition to traditional housing loans. The company earns the majority of its revenue from housing loans. The bank operates primarily in Shizuoka and Kanagawa.

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