The 77 Bank (TSE:8341) Debt-to-Equity : 1.23 (As of Sep. 2024)

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What is The 77 Bank Debt-to-Equity?

The 77 Bank's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was 円0 Mil. The 77 Bank's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was 円741,741 Mil. The 77 Bank's Total Stockholders Equity for the quarter that ended in Sep. 2024 was 円601,842 Mil. The 77 Bank's debt to equity for the quarter that ended in Sep. 2024 was 1.23.

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 The 77 Bank's Debt-to-Equity or its related term are showing as below:

TSE:8341' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.35 Max: 2.33
Current: 1.25

During the past 13 years, the highest Debt-to-Equity Ratio of The 77 Bank was 2.33. The lowest was 0.01. And the median was 0.35.

TSE:8341's Debt-to-Equity is ranked worse than
72.55% of 1472 companies
in the Banks industry
Industry Median: 0.625 vs TSE:8341: 1.25

The 77 Bank Debt-to-Equity Historical Data

The historical data trend for The 77 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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The 77 Bank Debt-to-Equity Chart

The 77 Bank Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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0.66

1.18

2.33

1.33

1.35

The 77 Bank Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Debt-to-Equity	Get a 7-Day Free Trial															1.14	1.35	N/A	1.23	1.25

Competitive Comparison of The 77 Bank's Debt-to-Equity

For the Banks - Regional subindustry, The 77 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.

The 77 Bank's Debt-to-Equity Distribution in the Banks Industry

For the Banks industry and Financial Services sector, The 77 Bank's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where The 77 Bank's Debt-to-Equity falls into.

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The 77 Bank Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

The 77 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	+	810032)	/	601699
	=	1.35

The 77 Bank'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	+	741741)	/	601842
	=	1.23

The 77 Bank (TSE:8341) 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.

The 77 Bank Debt-to-Equity Related Terms

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The 77 Bank Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » The 77 Bank Ltd (TSE:8341) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

3-20, Chuo 3-chome, Aoba-ku, Miyagi, Sendai, JPN, 980-8777

Website

https://www.77bank.co.jp

The 77 Bank Ltd operates mostly in the Miyagi prefecture of Japan, which is in the southeast Tohoku region of the island of Honshu, and the bank's strategy emphasizes the prefecture's link between Tohoku and Tokyo. The bank is a group that engages in leasing, credit card, and other financial services in addition to the banking business. Most of the bank's earning assets are almost entirely from loans and bills discounted and investment securities. As such, a majority of the bank's income comes from interest on loans and discounts, and interest and dividends on trading accounts and investment securities.

The 77 Bank Headlines

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