Commonwealth Bank of Australia (ASX:CBA) Debt-to-Equity

: 2.61 (As of Dec. 2023)

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Commonwealth Bank of Australia's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0 Mil. Commonwealth Bank of Australia's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$190,072 Mil. Commonwealth Bank of Australia's Total Stockholders Equity for the quarter that ended in Dec. 2023 was A$72,834 Mil. Commonwealth Bank of Australia's debt to equity for the quarter that ended in Dec. 2023 was 2.61.

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

ASX:CBA' s Debt-to-Equity Range Over the Past 10 Years
Min: 1.79 Med: 2.8 Max: 3.33
Current: 2.61

During the past 13 years, the highest Debt-to-Equity Ratio of Commonwealth Bank of Australia was 3.33. The lowest was 1.79. And the median was 2.80.

ASX:CBA's Debt-to-Equity is ranked worse than
90.17% of 1394 companies
in the Banks industry
Industry Median: 0.7 vs ASX:CBA: 2.61

Commonwealth Bank of Australia Debt-to-Equity Historical Data

The historical data trend for Commonwealth Bank of Australia'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.

Commonwealth Bank of Australia Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-Equity

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2.69

2.39

1.79

2.08

2.25

Commonwealth Bank of Australia Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															2.07	2.08	2.22	2.25	2.61

Competitive Comparison

For the Banks - Diversified subindustry, Commonwealth Bank of Australia'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.

Commonwealth Bank of Australia Debt-to-Equity Distribution

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

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

Commonwealth Bank of Australia Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Commonwealth Bank of Australia's Debt to Equity Ratio for the fiscal year that ended in Jun. 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	+	161952)	/	72000
	=	2.25

Commonwealth Bank of Australia'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	+	190072)	/	72834
	=	2.61

Commonwealth Bank of Australia (ASX:CBA) 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.

Commonwealth Bank of Australia Debt-to-Equity Related Terms

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Commonwealth Bank of Australia (ASX:CBA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Commonwealth Bank of Australia (ASX:CBA) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

CMWAY:USA CBAUF:USA CWW:Germany CBAPK.PFD:Australia CBAPJ.PFD:Australia CBAPI.PFD:Australia CBAPH.PFD:Australia CBAPG.PFD:Australia CBAPD.PFD:Australia

Address

11 Harbour Street, Commonwealth Bank Place South, Level 1, Sydney, NSW, AUS, 2000

Website

https://www.commbank.com.au

Commonwealth Bank is Australia's largest bank with operations spanning Australia, New Zealand, and Asia. Its core business is the provision of retail, business, and institutional banking services. The bank has emphasized its focus on banking in recent years with a numbers of asset divestments in wealth management and insurance.

Commonwealth Bank of Australia (ASX:CBA) Headlines

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