Vietnam Bank for Industry and Trade Securities JSC (STC:CTS) Debt-to-Equity : 2.13 (As of Mar. 2024)

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What is Vietnam Bank for Industry and Trade Securities JSC Debt-to-Equity?

Vietnam Bank for Industry and Trade Securities JSC's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₫4,560,085 Mil. Vietnam Bank for Industry and Trade Securities JSC's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₫0 Mil. Vietnam Bank for Industry and Trade Securities JSC's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₫2,146,032 Mil. Vietnam Bank for Industry and Trade Securities JSC's debt to equity for the quarter that ended in Mar. 2024 was 2.12.

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 Vietnam Bank for Industry and Trade Securities JSC's Debt-to-Equity or its related term are showing as below:

STC:CTS' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.57 Med: 2.01 Max: 3.08
Current: 2.13

During the past 6 years, the highest Debt-to-Equity Ratio of Vietnam Bank for Industry and Trade Securities JSC was 3.08. The lowest was 0.57. And the median was 2.01.

STC:CTS's Debt-to-Equity is ranked worse than
88.98% of 608 companies
in the Capital Markets industry
Industry Median: 0.355 vs STC:CTS: 2.13

Vietnam Bank for Industry and Trade Securities JSC Debt-to-Equity Historical Data

The historical data trend for Vietnam Bank for Industry and Trade Securities JSC'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.

Vietnam Bank for Industry and Trade Securities JSC Debt-to-Equity Chart

Vietnam Bank for Industry and Trade Securities JSC Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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1.00

1.92

2.59

1.66

3.07

Vietnam Bank for Industry and Trade Securities JSC 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															2.38	2.56	3.03	3.07	2.13

Competitive Comparison of Vietnam Bank for Industry and Trade Securities JSC's Debt-to-Equity

For the Capital Markets subindustry, Vietnam Bank for Industry and Trade Securities JSC'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.

Vietnam Bank for Industry and Trade Securities JSC's Debt-to-Equity Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Vietnam Bank for Industry and Trade Securities JSC's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Vietnam Bank for Industry and Trade Securities JSC's Debt-to-Equity falls into.

Vietnam Bank for Industry and Trade Securities JSC Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Vietnam Bank for Industry and Trade Securities JSC'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
	=	(6255475.813	+	0)	/	2037934.557
	=	3.07

Vietnam Bank for Industry and Trade Securities JSC'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
	=	(4560084.891	+	0)	/	2146031.616
	=	2.12

Vietnam Bank for Industry and Trade Securities JSC (STC:CTS) 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.

Vietnam Bank for Industry and Trade Securities JSC Debt-to-Equity Related Terms

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Vietnam Bank for Industry and Trade Securities JSC (STC:CTS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Vietnam Bank for Industry and Trade Securities JSC (STC:CTS) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

306 Ba Trieu Street, Hai Ba Trung District, Ha Noi, VNM

Website

https://www.cts.vn

Vietinbank Securities Co Ltd operates as a stockbroker in Vietnam. It provides brokerage services, proprietary trading, investment advisory, underwriting services, custody, and corporate finance advisory service. It offers securities services, investment consulting services, private services to corporate clients, enterprises and individuals, and professionals. It also engaged in investment promotion activities to provide comprehensive financial solutions for businesses.