The Toronto-Dominion Bank (The Toronto-Dominion Bank) Debt-to-Equity

: 3.56 (As of Jan. 2024)

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The Toronto-Dominion Bank's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was $163,192 Mil. The Toronto-Dominion Bank's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was $134,706 Mil. The Toronto-Dominion Bank's Total Stockholders Equity for the quarter that ended in Jan. 2024 was $83,763 Mil. The Toronto-Dominion Bank's debt to equity for the quarter that ended in Jan. 2024 was 3.56.

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 The Toronto-Dominion Bank's Debt-to-Equity or its related term are showing as below:

TD' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.45 Med: 2.82 Max: 3.77
Current: 3.56

During the past 13 years, the highest Debt-to-Equity Ratio of The Toronto-Dominion Bank was 3.77. The lowest was 0.45. And the median was 2.82.

TD's Debt-to-Equity is ranked worse than
93.91% of 1395 companies
in the Banks industry
Industry Median: 0.7 vs TD: 3.56

The Toronto-Dominion Bank Debt-to-Equity Historical Data

The historical data trend for The Toronto-Dominion 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.

The Toronto-Dominion Bank Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Debt-to-Equity

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3.20

2.71

2.57

3.36

3.58

The Toronto-Dominion Bank Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Debt-to-Equity	Get a 7-Day Free Trial															3.77	3.67	3.48	3.58	3.56

Competitive Comparison

For the Banks - Diversified subindustry, The Toronto-Dominion 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.

The Toronto-Dominion Bank Debt-to-Equity Distribution

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

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

The Toronto-Dominion Bank Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

The Toronto-Dominion Bank's Debt to Equity Ratio for the fiscal year that ended in Oct. 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
	=	(158909.714	+	134124.854)	/	81758.314
	=	3.58

The Toronto-Dominion Bank's Debt to Equity Ratio for the quarter that ended in Jan. 2024 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
	=	(163192.282	+	134706.101)	/	83762.944
	=	3.56

The Toronto-Dominion Bank (NYSE:TD) 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.

The Toronto-Dominion Bank Debt-to-Equity Related Terms

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The Toronto-Dominion Bank (The Toronto-Dominion Bank) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » The Toronto-Dominion Bank (NYSE:TD) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

TDBKF.PFD:USA TNTTF.PFD:USA TDB:Germany TDB:Germany TD.PF.M.PFD:Canada TD.PF.L.PFD:Canada TD.PF.J.PFD:Canada TD.PF.I.PFD:Canada TD.PF.E.PFD:Canada TD.PF.D.PFD:Canada TD.PF.C.PFD:Canada TD.PF.B.PFD:Canada TD.PF.A.PFD:Canada TD:Canada

Address

C/o General Counsel’s Office, P.O. Box 1, Toronto-Dominion Centre, King St. W. and Bay St., Toronto, ON, CAN, M5K 1A2

Website

https://www.td.com

Toronto-Dominion is one of Canada's two largest banks and operates three business segments: Canadian retail banking, U.S. retail banking, and wholesale banking. The bank's U.S. operations span from Maine to Florida, with a strong presence in the Northeast. It also has a 13% ownership stake in Charles Schwab.