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Shinhan Financial Group Co (Shinhan Financial Group Co) Debt-to-Equity : 2.35 (As of Dec. 2023)


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What is Shinhan Financial Group Co Debt-to-Equity?

Shinhan Financial Group Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $26 Mil. Shinhan Financial Group Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $96,924 Mil. Shinhan Financial Group Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $41,184 Mil. Shinhan Financial Group Co's debt to equity for the quarter that ended in Dec. 2023 was 2.35.

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 Shinhan Financial Group Co's Debt-to-Equity or its related term are showing as below:

SHG' s Debt-to-Equity Range Over the Past 10 Years
Min: 2.14   Med: 2.38   Max: 2.68
Current: 2.35

During the past 13 years, the highest Debt-to-Equity Ratio of Shinhan Financial Group Co was 2.68. The lowest was 2.14. And the median was 2.38.

SHG's Debt-to-Equity is ranked worse than
87.8% of 1394 companies
in the Banks industry
Industry Median: 0.7 vs SHG: 2.35

Shinhan Financial Group Co Debt-to-Equity Historical Data

The historical data trend for Shinhan Financial Group Co'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.

Shinhan Financial Group Co Debt-to-Equity Chart

Shinhan Financial Group Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.68 2.41 2.57 2.36 2.35

Shinhan Financial Group Co 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.36 2.22 2.15 2.24 2.35

Competitive Comparison of Shinhan Financial Group Co's Debt-to-Equity

For the Banks - Regional subindustry, Shinhan Financial Group Co'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.

Shinhan Financial Group Co's Debt-to-Equity Distribution in the Banks Industry

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

* The bar in red indicates where Shinhan Financial Group Co's Debt-to-Equity falls into.


Shinhan Financial Group Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Shinhan Financial Group Co'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
=(26.121 + 96923.754) / 41184.271
=2.35

Shinhan Financial Group Co'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
=(26.121 + 96923.754) / 41184.271
=2.35

* 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.

Shinhan Financial Group Co  (NYSE:SHG) 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.

Shinhan Financial Group Co Debt-to-Equity Related Terms

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Shinhan Financial Group Co (Shinhan Financial Group Co) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Shinhan Financial Group Co Ltd (NYSE:SHG) » Definitions » Debt-to-Equity
Comparable Companies
XKRX:105560 XKRX:086790 XKRX:323410 XKRX:024110 XKRX:316140 XKRX:175330 XKRX:138930 XKRX:139130 XKRX:006220 XKRX:007330 NSE:HDFCBANK SHSE:600036 NSE:ICICIBANK SAU:1120 XPAR:BNP NSE:SBIN ISX:BBCA USB MIC:SBER SGX:D05
Traded in Other Exchanges
055550:Korea
Address
20, Sejong-daero 9-gil, Jung-gu, Seoul, KOR, 04513
Website
http://www.shinhangroup.com
Shinhan Financial is Korea's largest banking group. Its 11.2% market share of loans trails KB's 12.8%, but Shinhan has more contribution from nonbank and overseas businesses than rivals. Nonbank units include Shinhan Card, the country's largest credit card company, brokerage firm Shinhan Securities, and a top-five presence in life insurance. It also owns leasing firm Shinhan Capital, Shinhan Asset Management, and regional bank Jeju Bank, among others. Unlike KB, whose predecessor banks were originally founded by the government, Shinhan has always been a private-sector bank, having grown to the top spot organically and through M&A after having been only a second-tier player before the Asian financial crisis.