Truist Financial (Truist Financial) Debt-to-Equity

: 1.01 (As of Dec. 2023)

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Truist Financial's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $20,776.00 Mil. Truist Financial's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $38,918.00 Mil. Truist Financial's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $59,101.00 Mil. Truist Financial's debt to equity for the quarter that ended in Dec. 2023 was 1.01.

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

TFCpF.PFD' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.56 Med: 0.91 Max: 1.09
Current: 1.01

During the past 13 years, the highest Debt-to-Equity Ratio of Truist Financial was 1.09. The lowest was 0.56. And the median was 0.91.

TFCpF.PFD's Debt-to-Equity is ranked worse than
64.09% of 1398 companies
in the Banks industry
Industry Median: 0.7 vs TFCpF.PFD: 1.01

Truist Financial Debt-to-Equity Historical Data

The historical data trend for Truist Financial'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.

Truist Financial Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

0.85

0.62

0.56

1.04

1.01

Truist Financial 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																1.04	1.46	1.03	1.01	1.01

Competitive Comparison

For the Banks - Regional subindustry, Truist Financial'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.

Truist Financial Debt-to-Equity Distribution

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

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

Truist Financial Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Truist Financial'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
	=	(20776	+	38918)	/	59101
	=	1.01

Truist Financial'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
	=	(20776	+	38918)	/	59101
	=	1.01

Truist Financial (NYSE:TFCpF.PFD) 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.

Truist Financial Debt-to-Equity Related Terms

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Truist Financial (Truist Financial) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Truist Financial Corp (NYSE:TFCpF.PFD) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

TFCpR.PFD:USA TFCpO.PFD:USA TFCpI.PFD:USA TFC:USA TFC:Mexico 1TFC:Italy BBK:Germany B1BT34:Brazil TFC:Austria

Address

214 North Tryon Street, Charlotte, NC, USA, 28202

Website

https://www.truist.com

Based in Charlotte, North Carolina, Truist is the combination of BB&T and SunTrust. Truist is a regional bank with a presence primarily in the Southeastern United States. In addition to commercial banking, retail banking, and investment banking operations, the company operates several nonbank segments, the primary one being its insurance brokerage business.