Banco Itau Chile (Banco Itau Chile) Debt-to-Equity : 2.84 (As of Sep. 2023)

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What is Banco Itau Chile Debt-to-Equity?

Banco Itau Chile's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $17 Mil. Banco Itau Chile's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $11,335 Mil. Banco Itau Chile's Total Stockholders Equity for the quarter that ended in Sep. 2023 was $4,000 Mil. Banco Itau Chile's debt to equity for the quarter that ended in Sep. 2023 was 2.84.

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 Banco Itau Chile's Debt-to-Equity or its related term are showing as below:

ITCLY' s Debt-to-Equity Range Over the Past 10 Years
Min: 2.4 Med: 2.84 Max: 4.73
Current: 2.84

During the past 13 years, the highest Debt-to-Equity Ratio of Banco Itau Chile was 4.73. The lowest was 2.40. And the median was 2.84.

ITCLY's Debt-to-Equity is ranked worse than
91.45% of 1392 companies
in the Banks industry
Industry Median: 0.66 vs ITCLY: 2.84

Banco Itau Chile Debt-to-Equity Historical Data

The historical data trend for Banco Itau Chile'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.

Banco Itau Chile Debt-to-Equity Chart

Banco Itau Chile Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Debt-to-Equity

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2.59

2.86

4.39

3.29

3.54

Banco Itau Chile Quarterly Data
	Mar14	Jun14	Dec14	Dec15	Dec16	Dec17	Dec18	Dec19	Jun20	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial															2.66	3.54	3.04	2.88	2.84

Competitive Comparison of Banco Itau Chile's Debt-to-Equity

For the Banks - Regional subindustry, Banco Itau Chile'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.

Banco Itau Chile's Debt-to-Equity Distribution in the Banks Industry

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

* The bar in red indicates where Banco Itau Chile's Debt-to-Equity falls into.

Banco Itau Chile Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Banco Itau Chile's Debt to Equity Ratio for the fiscal year that ended in Dec. 2022 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	+	13529.576)	/	3825.694
	=	3.54

Banco Itau Chile's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(16.589	+	11335.44)	/	4000.041
	=	2.84

Banco Itau Chile (OTCPK:ITCLY) 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.

Banco Itau Chile Debt-to-Equity Related Terms

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Banco Itau Chile (Banco Itau Chile) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Banco Itau Chile (OTCPK:ITCLY) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

D8S:Germany ITAUCL:Chile

Address

Presidente Riesco 5537, Las Condes, Santiago, CHL

Website

https://www.itau.cl

Banco Itau Chile is a commercial bank from Chile. The bank has operations in Colombia, Panama, the United States, and Spain. CorpBanca offers commercial and retail banking products, mainly to individuals and midsize and large corporations. The product portfolio consists of treasury and financial advisory, securities brokerage, asset management, insurance brokerage, investment banking, payment products, legal services, cash management, international trade, mortgages, and consumer credit.