Mizrahi Tefahot Bank (Mizrahi Tefahot Bank) Debt-to-Equity : 1.42 (As of Jun. 2023)

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What is Mizrahi Tefahot Bank Debt-to-Equity?

Mizrahi Tefahot Bank's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was $0 Mil. Mizrahi Tefahot Bank's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was $9,746 Mil. Mizrahi Tefahot Bank's Total Stockholders Equity for the quarter that ended in Jun. 2023 was $6,884 Mil. Mizrahi Tefahot Bank's debt to equity for the quarter that ended in Jun. 2023 was 1.42.

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

MZTFF' s Debt-to-Equity Range Over the Past 10 Years
Min: 1.38 Med: 1.95 Max: 2.19
Current: 1.38

During the past 13 years, the highest Debt-to-Equity Ratio of Mizrahi Tefahot Bank was 2.19. The lowest was 1.38. And the median was 1.95.

MZTFF's Debt-to-Equity is ranked worse than
74.07% of 1392 companies
in the Banks industry
Industry Median: 0.68 vs MZTFF: 1.38

Mizrahi Tefahot Bank Debt-to-Equity Historical Data

The historical data trend for Mizrahi Tefahot 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.

* Premium members only.

Mizrahi Tefahot Bank Debt-to-Equity Chart

Mizrahi Tefahot Bank Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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2.09

1.81

1.86

1.43

1.38

Mizrahi Tefahot Bank Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															1.36	1.43	1.39	1.42	1.38

Competitive Comparison of Mizrahi Tefahot Bank's Debt-to-Equity

For the Banks - Regional subindustry, Mizrahi Tefahot 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.

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

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

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

Mizrahi Tefahot Bank Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Mizrahi Tefahot Bank'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
	=	(0	+	10083.39)	/	7323.265
	=	1.38

Mizrahi Tefahot Bank's Debt to Equity Ratio for the quarter 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	+	9746.042)	/	6884.045
	=	1.42

Mizrahi Tefahot Bank (OTCPK:MZTFF) 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.

Mizrahi Tefahot Bank Debt-to-Equity Related Terms

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Mizrahi Tefahot Bank (Mizrahi Tefahot Bank) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Mizrahi Tefahot Bank Ltd (OTCPK:MZTFF) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

MZTF:Israel

Address

7 Jabotinsky Street, P.O. Box 3450, Ramat Gan, ISR, 5252007

Website

https://www.mizrahi-tefahot.co.il

Mizrahi Tefahot Bank Ltd offers commercial and personal banking services. The company reports seven core segments: household, consisting of individuals with assets less than ILS 3 million in assets; private banking, consisting of individuals with financial assets greater than ILS 3 million; micro and small business; medium business; large business; institutional investor, servicing asset managers, fund managers, and insurance companies; and financial management, including trade operations, asset, and liability management, and miscellaneous investments. Approximately half of the company's total revenue comes from the household segment. The company operates through a branch network spanning Israel, Europe, and the Americas.