Industrial And Commercial Bank Of China (STU:ICK) Debt-to-Equity : 0.63 (As of Sep. 2024)

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What is Industrial And Commercial Bank Of China Debt-to-Equity?

Industrial And Commercial Bank Of China's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was €0 Mil. Industrial And Commercial Bank Of China's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was €311,733 Mil. Industrial And Commercial Bank Of China's Total Stockholders Equity for the quarter that ended in Sep. 2024 was €496,732 Mil. Industrial And Commercial Bank Of China's debt to equity for the quarter that ended in Sep. 2024 was 0.63.

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 Industrial And Commercial Bank Of China's Debt-to-Equity or its related term are showing as below:

STU:ICK' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.39 Med: 0.46 Max: 0.63
Current: 0.63

During the past 13 years, the highest Debt-to-Equity Ratio of Industrial And Commercial Bank Of China was 0.63. The lowest was 0.39. And the median was 0.46.

STU:ICK's Debt-to-Equity is ranked better than
50.45% of 1449 companies
in the Banks industry
Industry Median: 0.63 vs STU:ICK: 0.63

Industrial And Commercial Bank Of China Debt-to-Equity Historical Data

The historical data trend for Industrial And Commercial 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.

Industrial And Commercial Bank Of China Debt-to-Equity Chart

Industrial And Commercial Bank Of China Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.46

0.44

0.39

0.41

0.51

Industrial And Commercial Bank Of China Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Debt-to-Equity	Get a 7-Day Free Trial															0.49	0.51	0.53	0.56	0.63

Competitive Comparison of Industrial And Commercial Bank Of China's Debt-to-Equity

For the Banks - Diversified subindustry, Industrial And Commercial 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.

Industrial And Commercial Bank Of China's Debt-to-Equity Distribution in the Banks Industry

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

* The bar in red indicates where Industrial And Commercial Bank Of China's Debt-to-Equity falls into.

Industrial And Commercial Bank Of China Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Industrial And Commercial Bank Of China'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
	=	(0	+	243788.024)	/	482488.639
	=	0.51

Industrial And Commercial Bank Of China's Debt to Equity Ratio for the quarter that ended in Sep. 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	+	311732.503)	/	496732.021
	=	0.63

Industrial And Commercial Bank Of China (STU:ICK) 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.

Industrial And Commercial Bank Of China Debt-to-Equity Related Terms

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Industrial And Commercial Bank Of China Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Industrial And Commercial Bank Of China Ltd (STU:ICK) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

IDCBY:USA IDCBF:USA 01398:Hong Kong 601398:China ICK:Austria

Address

3 Garden Road, 33rd Floor, ICBC Tower, Central, Hong Kong, HKG

Website

https://www.icbc-ltd.com

ICBC is headquartered in Beijing and founded in 1984, the bank listed its shares in mainland China and Hong Kong in 2006. It is China's largest by asset scale and by share of lending and deposits. Central Huijin Investment (China's sovereign wealth fund manager) and China's Ministry of Finance are ICBC's two largest shareholders, each with a stake of around 35%. ICBC operates over 16,000 outlets. Among these outlets, 413 outlets are located in 49 countries and regions overseas. Corporate banking, retail banking, and wholesale banking accounted for 47%, 40%, and 13% of total revenue, respectively; and 44%, 36%, and 18% of profit before tax in 2023. Overseas banking and other business contributed 12% of total revenue and 9% of profit before tax in 2023.

Industrial And Commercial Bank Of China Headlines

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