Sumitomo Mitsui Trust Holdings (Sumitomo Mitsui Trust Holdings) Debt-to-Asset : 0.23 (As of Dec. 2023)

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What is Sumitomo Mitsui Trust Holdings Debt-to-Asset?

Sumitomo Mitsui Trust Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0 Mil. Sumitomo Mitsui Trust Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $116,070 Mil. Sumitomo Mitsui Trust Holdings's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Dec. 2023 was $509,428 Mil. Sumitomo Mitsui Trust Holdings's debt to asset for the quarter that ended in Dec. 2023 was 0.23.

Sumitomo Mitsui Trust Holdings Debt-to-Asset Historical Data

The historical data trend for Sumitomo Mitsui Trust Holdings's Debt-to-Asset 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.

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Sumitomo Mitsui Trust Holdings Debt-to-Asset Chart

Sumitomo Mitsui Trust Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Asset

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0.22

0.24

0.23

0.26

0.25

Sumitomo Mitsui Trust Holdings Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Asset	Get a 7-Day Free Trial															0.23	0.25	0.26	0.24	0.23

Competitive Comparison of Sumitomo Mitsui Trust Holdings's Debt-to-Asset

For the Banks - Regional subindustry, Sumitomo Mitsui Trust Holdings's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset 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 Trust Holdings's Debt-to-Asset Distribution in the Banks Industry

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

* The bar in red indicates where Sumitomo Mitsui Trust Holdings's Debt-to-Asset falls into.

Sumitomo Mitsui Trust Holdings Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Sumitomo Mitsui Trust Holdings's Debt-to-Asset for the fiscal year that ended in Mar. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(0	+	128074.811)	/	516388.789
	=	0.25

Sumitomo Mitsui Trust Holdings's Debt-to-Asset for the quarter that ended in Dec. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(0	+	116070.092)	/	509427.746
	=	0.23

Sumitomo Mitsui Trust Holdings (OTCPK:CMTDF) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

Sumitomo Mitsui Trust Holdings Debt-to-Asset Related Terms

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Sumitomo Mitsui Trust Holdings (Sumitomo Mitsui Trust Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Sumitomo Mitsui Trust Holdings Inc (OTCPK:CMTDF) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

SUTNY:USA 8309:Japan MIU:Germany

Address

1-4-1 Marunouchi, Chiyoda-ku, Tokyo, JPN, 100-8233

Website

https://www.smth.jp

Sumitomo Mitsui Trust Holdings is the fifth-largest Japanese bank by assets and revenue, with a market share of domestic loans of 3.2% as of March 2023. It is the only remaining stand-alone trust bank after the late 1990s deregulation removed legal barriers between commercial banking and trust functions in Japan; its former rivals in trust banking merged and became units of Mitsubishi UFJ FG and Mizuho. It has no capital ties with Sumitomo Mitsui FG, despite the similar name and common ties to Sumitomo and Mitsui group companies. In fiduciary services, SMTH is the market leader in Japan in total assets under custody. It is the largest manager of corporate pension funds and trails only Nomura in investment trusts.

Sumitomo Mitsui Trust Holdings (Sumitomo Mitsui Trust Holdings) Headlines

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