Sumitomo Mitsui Trust Holdings (Sumitomo Mitsui Trust Holdings) Debt-to-Equity : 5.61 (As of Dec. 2023)

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

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

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 Total Stockholders Equity for the quarter that ended in Dec. 2023 was $20,699 Mil. Sumitomo Mitsui Trust Holdings's debt to equity for the quarter that ended in Dec. 2023 was 5.61.

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 Trust Holdings's Debt-to-Equity or its related term are showing as below:

CMTDF' s Debt-to-Equity Range Over the Past 10 Years
Min: 3.13 Med: 5.52 Max: 7.84
Current: 5.61

During the past 13 years, the highest Debt-to-Equity Ratio of Sumitomo Mitsui Trust Holdings was 7.84. The lowest was 3.13. And the median was 5.52.

CMTDF's Debt-to-Equity is ranked worse than
97.06% of 1393 companies
in the Banks industry
Industry Median: 0.67 vs CMTDF: 5.61

Sumitomo Mitsui Trust Holdings Debt-to-Equity Historical Data

The historical data trend for Sumitomo Mitsui Trust Holdings'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 Trust Holdings Debt-to-Equity Chart

Sumitomo Mitsui Trust Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

Get a 7-Day Free Trial

4.66

5.31

5.51

6.15

6.13

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-Equity	Get a 7-Day Free Trial															5.61	6.13	6.42	5.86	5.61

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

For the Banks - Regional subindustry, Sumitomo Mitsui Trust Holdings'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 Trust Holdings's Debt-to-Equity Distribution in the Banks Industry

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

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

Sumitomo Mitsui Trust Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Sumitomo Mitsui Trust Holdings'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	+	128074.811)	/	20895.834
	=	6.13

Sumitomo Mitsui Trust Holdings'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	+	116070.092)	/	20699.423
	=	5.61

Sumitomo Mitsui Trust Holdings (OTCPK:CMTDF) 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 Trust Holdings Debt-to-Equity Related Terms

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

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-Equity

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

No Headlines