Tien Phong Commercial Joint Stock Bank (STC:TPB) Debt-to-Equity : 1.68 (As of Mar. 2024)

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What is Tien Phong Commercial Joint Stock Bank Debt-to-Equity?

Tien Phong Commercial Joint Stock Bank's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₫0 Mil. Tien Phong Commercial Joint Stock Bank's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₫57,455,882 Mil. Tien Phong Commercial Joint Stock Bank's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₫34,190,059 Mil. Tien Phong Commercial Joint Stock Bank's debt to equity for the quarter that ended in Mar. 2024 was 1.68.

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 Tien Phong Commercial Joint Stock Bank's Debt-to-Equity or its related term are showing as below:

STC:TPB' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.94 Med: 2.21 Max: 2.96
Current: 1.68

During the past 6 years, the highest Debt-to-Equity Ratio of Tien Phong Commercial Joint Stock Bank was 2.96. The lowest was 0.94. And the median was 2.21.

STC:TPB's Debt-to-Equity is ranked worse than
79.65% of 1391 companies
in the Banks industry
Industry Median: 0.65 vs STC:TPB: 1.68

Tien Phong Commercial Joint Stock Bank Debt-to-Equity Historical Data

The historical data trend for Tien Phong Commercial Joint Stock 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.

Tien Phong Commercial Joint Stock Bank Debt-to-Equity Chart

Tien Phong Commercial Joint Stock Bank Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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2.02

2.96

2.68

1.45

1.40

Tien Phong Commercial Joint Stock Bank Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															1.26	1.52	0.94	1.40	1.68

Competitive Comparison of Tien Phong Commercial Joint Stock Bank's Debt-to-Equity

For the Banks - Regional subindustry, Tien Phong Commercial Joint Stock 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.

Tien Phong Commercial Joint Stock Bank's Debt-to-Equity Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Tien Phong Commercial Joint Stock Bank's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Tien Phong Commercial Joint Stock Bank's Debt-to-Equity falls into.

Tien Phong Commercial Joint Stock Bank Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Tien Phong Commercial Joint Stock Bank's Debt to Equity Ratio for the fiscal year 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	+	45856978)	/	32742917
	=	1.40

Tien Phong Commercial Joint Stock Bank's Debt to Equity Ratio for the quarter that ended in Mar. 2024 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	+	57455882)	/	34190059
	=	1.68

Tien Phong Commercial Joint Stock Bank (STC:TPB) 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.

Tien Phong Commercial Joint Stock Bank Debt-to-Equity Related Terms

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Tien Phong Commercial Joint Stock Bank (STC:TPB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Tien Phong Commercial Joint Stock Bank (STC:TPB) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

57 Ly Thuong Kiet Street, TPBank building, Hoan Kiem District, Hanoi, VNM

Website

https://www.tpb.vn

Tien Phong Commercial Joint Stock Bank provides banking and finance solutions. The company offers commercial banking products and services. Its services include retail banking, corporate banking, foreign exchange business and international trade finance.