Akita Bank (Akita Bank) Debt-to-Equity : 1.26 (As of Dec. 2023)

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What is Akita Bank Debt-to-Equity?

Akita Bank's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.0 Mil. Akita Bank's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $1,398.2 Mil. Akita Bank's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $1,107.1 Mil. Akita Bank's debt to equity for the quarter that ended in Dec. 2023 was 1.26.

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

AKBKF' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.25 Med: 0.61 Max: 1.73
Current: 1.22

During the past 13 years, the highest Debt-to-Equity Ratio of Akita Bank was 1.73. The lowest was 0.25. And the median was 0.61.

AKBKF's Debt-to-Equity is ranked worse than
70.49% of 1396 companies
in the Banks industry
Industry Median: 0.65 vs AKBKF: 1.22

Akita Bank Debt-to-Equity Historical Data

The historical data trend for Akita 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.

Akita Bank Debt-to-Equity Chart

Akita Bank Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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0.49

1.41

1.73

1.32

1.22

Akita Bank Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															1.32	1.19	1.34	1.26	1.22

Competitive Comparison of Akita Bank's Debt-to-Equity

For the Banks - Regional subindustry, Akita 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.

Akita Bank's Debt-to-Equity Distribution in the Banks Industry

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

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

Akita Bank Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Akita Bank's Debt to Equity Ratio for the fiscal year that ended in Mar. 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
	=	(0	+	1395.588)	/	1148.529
	=	1.22

Akita Bank'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
	=	(0	+	1398.187)	/	1107.08
	=	1.26

Akita Bank (OTCPK:AKBKF) 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.

Akita Bank Debt-to-Equity Related Terms

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

Akita Bank (Akita Bank) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Akita Bank Ltd (OTCPK:AKBKF) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

8343:Japan

Address

2-1 Sanno 3-Chome, Akita, JPN, 010-8655

Website

http://www.akita-bank.co.jp

Akita Bank Ltd is the banking subsidiary of the Akita Bank Group, which is composed of a Japanese regional bank and five consolidated subsidiaries operating primarily in the Akita Prefecture. The bank's strategy emphasizes regional market penetration to drive profitability. The group offers various financial services, principally banking. In addition, it offers leasing, consulting, guarantee services, and credit card services. Just over half of its earning assets are in loans and bills discounted, followed in size by securities. Most of the group's income is generated through net interest income, followed by fees and commissions.

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