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Agricultural Bank of China (Agricultural Bank of China) Debt-to-Equity

: 0.93 (As of Dec. 2023)
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Agricultural Bank of China's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0 Mil. Agricultural Bank of China's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $375,089 Mil. Agricultural Bank of China's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $404,645 Mil. Agricultural Bank of China's debt to equity for the quarter that ended in Dec. 2023 was 0.93.

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 Agricultural Bank of China's Debt-to-Equity or its related term are showing as below:

ACGBF' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.52   Med: 0.7   Max: 0.93
Current: 0.93

During the past 13 years, the highest Debt-to-Equity Ratio of Agricultural Bank of China was 0.93. The lowest was 0.52. And the median was 0.70.

ACGBF's Debt-to-Equity is ranked worse than
61.12% of 1394 companies
in the Banks industry
Industry Median: 0.7 vs ACGBF: 0.93

Agricultural Bank of China Debt-to-Equity Historical Data

The historical data trend for Agricultural Bank of China'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.

Agricultural Bank of China 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 0.74 0.80 0.75 0.83 0.93

Agricultural Bank of China 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 0.83 0.83 0.89 0.90 0.93

Competitive Comparison

For the Banks - Diversified subindustry, Agricultural Bank of China'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.


Agricultural Bank of China Debt-to-Equity Distribution

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

* The bar in red indicates where Agricultural Bank of China's Debt-to-Equity falls into.



Agricultural Bank of China Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Agricultural Bank of China's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Agricultural Bank of China's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

* 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.


Agricultural Bank of China  (OTCPK:ACGBF) 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.


Agricultural Bank of China Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Agricultural Bank of China's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.


Agricultural Bank of China (Agricultural Bank of China) Business Description

Address
50 Connaught Road, 25th Floor, Agricultural Bank of China Tower, Central, Hong Kong, HKG
As one of the big four banks, ABC is headquartered in Beijing. The bank evolved from a state-owned specialized bank to a state-controlled commercial bank. It listed on the Hong Kong and Shanghai Stock Exchanges in 2010. ABC operates more than 20,000-branch network in China, providing corporate and retail banking products and services, and carries out treasury operations for its own accounts or for its customers. Shareholders Central Huijin, China's state-owned investment company, and the Ministry of Finance own 37.15% and 32.47%, respectively. Corporate banking, retail banking, and wholesale banking accounted for 41%, 53%, and 6% of total revenue in the first half of 2023, respectively. Rural banking and urban banking contributed 49% and 51% of total revenue during the same period.

Agricultural Bank of China (Agricultural Bank of China) Headlines

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