Resona Holdings (TSE:8308) Debt-to-Equity : 1.79 (As of Dec. 2023)

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What is Resona Holdings Debt-to-Equity?

Resona Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円0 Mil. Resona Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円4,706,535 Mil. Resona Holdings's Total Stockholders Equity for the quarter that ended in Dec. 2023 was 円2,632,721 Mil. Resona Holdings's debt to equity for the quarter that ended in Dec. 2023 was 1.79.

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

TSE:8308' s Debt-to-Equity Range Over the Past 10 Years
Min: 1.09 Med: 1.75 Max: 4.82
Current: 1.79

During the past 13 years, the highest Debt-to-Equity Ratio of Resona Holdings was 4.82. The lowest was 1.09. And the median was 1.75.

TSE:8308's Debt-to-Equity is ranked worse than
80.34% of 1394 companies
in the Banks industry
Industry Median: 0.66 vs TSE:8308: 1.79

Resona Holdings Debt-to-Equity Historical Data

The historical data trend for Resona 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.

Resona Holdings Debt-to-Equity Chart

Resona Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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1.19

1.23

4.09

4.82

2.38

Resona 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															2.59	2.38	1.64	1.84	1.79

Competitive Comparison of Resona Holdings's Debt-to-Equity

For the Banks - Regional subindustry, Resona 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.

Resona Holdings's Debt-to-Equity Distribution in the Banks Industry

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

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

Resona Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Resona 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	+	5979155)	/	2516096
	=	2.38

Resona 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	+	4706535)	/	2632721
	=	1.79

Resona Holdings (TSE:8308) 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.

Resona Holdings Debt-to-Equity Related Terms

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Resona Holdings (TSE:8308) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Resona Holdings Inc (TSE:8308) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

RSNHF:USA DW1:Germany

Address

Fukagawa Gatharia ?2 Building, 5-65, Kiba 1-Chome, Koto-ku, Tokyo, JPN, 135-8582

Website

http://www.resona-gr.co.jp

Resona Holdings is one of the top six Japanese banking groups by assets. Although its banking units are categorized in Japan as "city" banks for historical reasons, it is only around a third of the size of the three megabank groups and effectively a super-regional bank operating mainly in the Kansai region (54% of its branches) and the Tokyo metropolitan area (43% of branches), with a strong focus on retail and small and medium-size enterprises, rather than lending to large corporates. Its overseas operations are limited, which allows it to operate in compliance with domestic capital standards alone.

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