JPMorgan Chase (JPMorgan Chase) Debt-to-Equity

: 1.33 (As of Dec. 2023)

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JPMorgan Chase's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $44,712 Mil. JPMorgan Chase's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $391,825 Mil. JPMorgan Chase's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $327,878 Mil. JPMorgan Chase's debt to equity for the quarter that ended in Dec. 2023 was 1.33.

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 JPMorgan Chase's Debt-to-Equity or its related term are showing as below:

JPM' s Debt-to-Equity Range Over the Past 10 Years
Min: 1.16 Med: 1.31 Max: 1.61
Current: 1.33

During the past 13 years, the highest Debt-to-Equity Ratio of JPMorgan Chase was 1.61. The lowest was 1.16. And the median was 1.31.

JPM's Debt-to-Equity is ranked worse than
73.03% of 1398 companies
in the Banks industry
Industry Median: 0.7 vs JPM: 1.33

JPMorgan Chase Debt-to-Equity Historical Data

The historical data trend for JPMorgan Chase'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.

JPMorgan Chase Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

1.27

1.17

1.21

1.16

1.33

JPMorgan Chase 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																1.16	1.11	1.30	1.29	1.33

Competitive Comparison

For the Banks - Diversified subindustry, JPMorgan Chase'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.

JPMorgan Chase Debt-to-Equity Distribution

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

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

JPMorgan Chase Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

JPMorgan Chase'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
	=	(44712	+	391825)	/	327878
	=	1.33

JPMorgan Chase'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
	=	(44712	+	391825)	/	327878
	=	1.33

JPMorgan Chase (NYSE:JPM) 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.

JPMorgan Chase Debt-to-Equity Related Terms

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JPMorgan Chase (JPMorgan Chase) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » JPMorgan Chase & Co (NYSE:JPM) » Definitions » Debt-to-Equity

Comparable Companies

Address

383 Madison Avenue, New York, NY, USA, 10179

Website

https://www.jpmorganchase.com

JPMorgan Chase is one of the largest and most complex financial institutions in the United States, with nearly $4 trillion in assets. It is organized into four major segments--consumer and community banking, corporate and investment banking, commercial banking, and asset and wealth management. JPMorgan operates, and is subject to regulation, in multiple countries.

Executives

Mary E. Erdoes	officer: Managing Director	JPMORGAN CHASE & CO., 270 PARK AVENUE, NEW YORK NY 10017
Jennifer Piepszak	officer: Chief Financial Officer	JPMORGAN CHASE & CO., 383 MADISON AVENUE, NEW YORK NY 10179
Peter Scher	officer: Executive Vice President	JPMORGAN CHASE & CO., 270 PARK AVENUE, NEW YORK NY 10017
Ashley Bacon	officer: Chief Risk Officer	JPMORGAN CHASE & CO., 383 MADISON AVENUE, NEW YORK NY 10179
Douglas B Petno	officer: Managing Director	JPMORGAN CHASE & CO., 270 PARK AVENUE, NEW YORK NY 10017
Marianne Lake	officer: Chief Financial Officer	JPMORGAN CHASE & CO., 270 PARK AVENUE, NEW YORK NY 10017
Stacey Friedman	officer: General Counsel	JPMORGAN CHASE & CO., 270 PARK AVENUE, NEW YORK NY 10017
Lori A Beer	officer: Chief Information Officer	JPMORGAN CHASE & CO., 270 PARK AVENUE, NEW YORK NY 10017
Daniel E Pinto	officer: Managing Director	JPMORGAN CHASE & CO., 270 PARK AVENUE, NEW YORK NY 10017
Alicia S Boler-davis	director	300 RENAISSANCE CENTER, M/C: 482-C23-D24, DETROIT MI 48265-3000
Mellody L Hobson	director	C/O TELLABS, 1415 W DIEHL RD, NAPERVILLE IL 60563
Robin Leopold	officer: Head of Human Resources	JPMORGAN CHASE & CO., 270 PARK AVENUE, NEW YORK NY 10017
Alex Gorsky	director	JOHNSON & JOHNSON, ONE JOHNSON & JOHNSON PLAZA, NEW BRUNSWICK NJ 08933
Jeremy Barnum	officer: Chief Financial Officer	383 MADISON AVENUE, NEW YORK NY 10179-0001
Elena A Korablina	officer: Corporate Controller	383 MADISON AVENUE, NEW YORK NY 10179-0001