Canara Bank (BOM:532483) Debt-to-Equity : 0.63 (As of Mar. 2024)

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What is Canara Bank Debt-to-Equity?

Canara Bank's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹0 Mil. Canara Bank's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹575,376 Mil. Canara Bank's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₹921,332 Mil. Canara Bank's debt to equity for the quarter that ended in Mar. 2024 was 0.62.

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

BOM:532483' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.63 Med: 0.81 Max: 1.16
Current: 0.63

During the past 13 years, the highest Debt-to-Equity Ratio of Canara Bank was 1.16. The lowest was 0.63. And the median was 0.81.

BOM:532483's Debt-to-Equity is ranked better than
51.72% of 1392 companies
in the Banks industry
Industry Median: 0.65 vs BOM:532483: 0.63

Canara Bank Debt-to-Equity Historical Data

The historical data trend for Canara 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.

Canara Bank Debt-to-Equity Chart

Canara Bank Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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1.01

0.80

0.68

0.76

0.63

Canara 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															0.76	1.04	0.95	0.99	0.63

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

For the Banks - Regional subindustry, Canara 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.

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

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

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

Canara Bank Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Canara 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	+	575375.6)	/	921332.3
	=	0.62

Canara Bank's Debt to Equity Ratio for the quarter 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	+	575375.6)	/	921332.3
	=	0.62

Canara Bank (BOM:532483) 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.

Canara Bank Debt-to-Equity Related Terms

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Canara Bank (BOM:532483) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Canara Bank (BOM:532483) » Definitions » Debt-to-Equity

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CANBK:India

Address

No. 112, J C Road, Town Hall, Bengaluru, KA, IND, 560002

Website

https://www.canarabank.com

Canara Bank is an India-based commercial bank. The company's core businesses consist of Treasury Operations, Retail Banking Operations, and Corporate and Wholesale Banking Operations. It conducts a broad range of banking activities serving large and midsize corporations. Its priority sector and retail sector lending business offer funding services to the priority and retail sectors, such as loans to agriculture, housing, and educational institutions. The company owns a large branch network across India, with several branches in overseas cities such as New York, London, Hong Kong, and Dubai.

Canara Bank (BOM:532483) Headlines

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