Miyazaki Bank (TSE:8393) Debt-to-Equity : 3.70 (As of Dec. 2023)

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What is Miyazaki Bank Debt-to-Equity?

Miyazaki Bank's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円0 Mil. Miyazaki Bank's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円655,061 Mil. Miyazaki Bank's Total Stockholders Equity for the quarter that ended in Dec. 2023 was 円177,300 Mil. Miyazaki Bank's debt to equity for the quarter that ended in Dec. 2023 was 3.69.

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

TSE:8393' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.39 Med: 1.4 Max: 6.25
Current: 3.7

During the past 13 years, the highest Debt-to-Equity Ratio of Miyazaki Bank was 6.25. The lowest was 0.39. And the median was 1.40.

TSE:8393's Debt-to-Equity is ranked worse than
94.18% of 1392 companies
in the Banks industry
Industry Median: 0.65 vs TSE:8393: 3.70

Miyazaki Bank Debt-to-Equity Historical Data

The historical data trend for Miyazaki 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.

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Miyazaki Bank Debt-to-Equity Chart

Miyazaki Bank Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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1.63

2.91

3.26

5.95

3.69

Miyazaki 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															3.10	3.69	3.01	3.53	3.70

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

For the Banks - Regional subindustry, Miyazaki 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.

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

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

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

Miyazaki Bank Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Miyazaki 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	+	602298)	/	163090
	=	3.69

Miyazaki 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	+	655061)	/	177300
	=	3.69

Miyazaki Bank (TSE:8393) 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.

Miyazaki Bank Debt-to-Equity Related Terms

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Miyazaki Bank (TSE:8393) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Miyazaki Bank Ltd (TSE:8393) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

4-3-5, Tachibanadori-Higashi, Miyazaki, JPN, 880-0805

Website

http://www.miyagin.co.jp

Miyazaki Bank Ltd is a regional bank based in Miyazaki and Kagoshima engaged in general retail banking and related financial services, such as leasing, credit guarantee, and credit card businesses. It offers financial services such as deposit services, loan businesses, domestic exchange businesses, foreign exchange businesses, and other related services. The company also provides financial services such as leasing, letters of credit among others.

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