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Sumitomo Mitsui Financial Group Debt-to-Equity

: 2.66 (As of Mar. 2022)
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Sumitomo Mitsui Financial Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2022 was $25,269 Mil. Sumitomo Mitsui Financial Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2022 was $245,646 Mil. Sumitomo Mitsui Financial Group's Total Stockholders Equity for the quarter that ended in Mar. 2022 was $102,040 Mil. Sumitomo Mitsui Financial Group's debt to equity for the quarter that ended in Mar. 2022 was 2.65.

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

SMFG' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.08   Med: 2.66   Max: 5.17
Current: 2.66

During the past 13 years, the highest Debt-to-Equity Ratio of Sumitomo Mitsui Financial Group was 5.17. The lowest was 0.08. And the median was 2.66.

SMFG's Debt-to-Equity is ranked worse than
89.34% of 1341 companies
in the Banks industry
Industry Median: 0.54 vs SMFG: 2.66

Sumitomo Mitsui Financial Group Debt-to-Equity Historical Data

The historical data trend for Sumitomo Mitsui Financial Group'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.

Sumitomo Mitsui Financial Group Annual Data
Trend Mar13 Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22
Debt-to-Equity
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.38 2.19 2.80 2.57 2.66

Sumitomo Mitsui Financial Group Quarterly Data
Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22
Debt-to-Equity 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 Premium Member Only Premium Member Only Premium Member Only 2.57 2.63 2.63 2.61 2.66

Competitive Comparison

For the Banks - Diversified subindustry, Sumitomo Mitsui Financial Group'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.

   

Sumitomo Mitsui Financial Group Debt-to-Equity Distribution

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

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



Sumitomo Mitsui Financial Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Sumitomo Mitsui Financial Group's Debt to Equity Ratio for the fiscal year that ended in Mar. 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
=(25269.275595518 + 245646.27829586) / 102040.42254258
=2.65

Sumitomo Mitsui Financial Group's Debt to Equity Ratio for the quarter that ended in Mar. 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
=(25269.275595518 + 245646.27829586) / 102040.42254258
=2.65

* 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.


Sumitomo Mitsui Financial Group  (NYSE:SMFG) 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.


Sumitomo Mitsui Financial Group Debt-to-Equity Related Terms

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Sumitomo Mitsui Financial Group Business Description

Sumitomo Mitsui Financial Group logo
Industry
Financial Services » Banks NAICS : 522110 SIC : 6029
Address
1-2, Marunouchi 1-chome, Chiyoda-ku, Tokyo, JPN, 100-0005
Sumitomo Mitsui Financial Group is roughly tied with Mizuho Financial Group for the status of Japan's second- largest bank after Mitsubishi UFJ Financial Group. As of March 2021, its market share of domestic loans was 7.0%, compared with 8.5% for MUFG. It has a larger consumer finance business than the other two megabanks, owning 100% of the Promise business and SMBC Card. It also controls one of Japan's largest leasing companies and SMBC Aviation Capital, one of the top five aircraft lessors globally. In securities, its SMBC Nikko unit is Japan's third- largest retail broker, although SMFG has lagged somewhat in institutional securities business and asset management, areas that it is working on strengthening.

Sumitomo Mitsui Financial Group Headlines

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