AXBKY (Axis Bank) Debt-to-Equity : 1.36 (As of Jun. 2024)

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What is Axis Bank Debt-to-Equity?

Axis Bank's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was $0.00 Mil. Axis Bank's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was $26,843.60 Mil. Axis Bank's Total Stockholders Equity for the quarter that ended in Jun. 2024 was $19,762.65 Mil. Axis Bank's debt to equity for the quarter that ended in Jun. 2024 was 1.36.

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

AXBKY' s Debt-to-Equity Range Over the Past 10 Years
Min: 1.3 Med: 1.52 Max: 2.33
Current: 1.36

During the past 13 years, the highest Debt-to-Equity Ratio of Axis Bank was 2.33. The lowest was 1.30. And the median was 1.52.

AXBKY's Debt-to-Equity is ranked worse than
74.62% of 1505 companies
in the Banks industry
Industry Median: 0.7 vs AXBKY: 1.36

Axis Bank Debt-to-Equity Historical Data

The historical data trend for Axis 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.

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Axis Bank Debt-to-Equity Chart

Axis Bank Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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1.66

1.30

1.54

1.53

1.45

Axis Bank Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Debt-to-Equity	Get a 7-Day Free Trial															1.42	1.47	1.50	1.45	1.36

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

For the Banks - Regional subindustry, Axis 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.

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

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

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

Axis Bank Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Axis 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	+	27486.835)	/	18913.62
	=	1.45

Axis Bank's Debt to Equity Ratio for the quarter that ended in Jun. 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	+	26843.603)	/	19762.648
	=	1.36

Axis Bank (OTCPK:AXBKY) 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.

Axis Bank Debt-to-Equity Related Terms

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Axis Bank Business Description

Industry

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

Traded in Other Exchanges

AXISBANK:India 532215:India AXBl:UK AXB:UK UZC:Germany UZC:Germany

Address

Pandurang Budhkar Marg, Axis House, C-2, Wadia International Centre, Worli, Mumbai, MH, IND, 400 025

Website

https://www.axisbank.com

Axis Bank Ltd is a full-service bank operating mostly in India. The bank operates under four segments: treasury, corporate/wholesale banking, retail banking, Digital Banking and other banking. Treasury operations include security investments and derivative trading. Corporate/wholesale banking solutions include mid/large corporate relationships, corporate advisory, project appraisals, and syndication. Retail banking solutions include lending to individual/small businesses, savings accounts, debit and credit cards, ATMs and mobile banking, personal loans. Other banking operations include third-party product distribution and other banking transactions. It derives maximum revenue from Retail Banking.