Ogaki Kyoritsu Bank (TSE:8361) Debt-to-Equity : 1.08 (As of Dec. 2023)

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What is Ogaki Kyoritsu Bank Debt-to-Equity?

Ogaki Kyoritsu Bank's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円0 Mil. Ogaki Kyoritsu Bank's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円336,747 Mil. Ogaki Kyoritsu Bank's Total Stockholders Equity for the quarter that ended in Dec. 2023 was 円311,755 Mil. Ogaki Kyoritsu Bank's debt to equity for the quarter that ended in Dec. 2023 was 1.08.

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

TSE:8361' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.69 Med: 0.94 Max: 4.41
Current: 1.01

During the past 13 years, the highest Debt-to-Equity Ratio of Ogaki Kyoritsu Bank was 4.41. The lowest was 0.69. And the median was 0.94.

TSE:8361's Debt-to-Equity is ranked worse than
65.04% of 1396 companies
in the Banks industry
Industry Median: 0.65 vs TSE:8361: 1.01

Ogaki Kyoritsu Bank Debt-to-Equity Historical Data

The historical data trend for Ogaki Kyoritsu 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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Ogaki Kyoritsu Bank Debt-to-Equity Chart

Ogaki Kyoritsu Bank Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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0.98

3.94

4.41

1.39

1.01

Ogaki Kyoritsu 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															1.39	1.12	1.14	1.08	1.01

Competitive Comparison of Ogaki Kyoritsu Bank's Debt-to-Equity

For the Banks - Regional subindustry, Ogaki Kyoritsu 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.

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

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

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

Ogaki Kyoritsu Bank Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Ogaki Kyoritsu 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	+	342904)	/	338702
	=	1.01

Ogaki Kyoritsu Bank's Debt to Equity Ratio for the quarter 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	+	336747)	/	311755
	=	1.08

Ogaki Kyoritsu Bank (TSE:8361) 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.

Ogaki Kyoritsu Bank Debt-to-Equity Related Terms

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Ogaki Kyoritsu Bank (TSE:8361) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Ogaki Kyoritsu Bank Ltd (TSE:8361) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

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Address

3-98 Kuruwa-machi, Ogaki, Gifu, JPN, 503-8602

Website

http://www.okb.co.jp

Ogaki Kyoritsu Bank Ltd is a Japanese regional bank operating primarily in the island nation's Chubu region. The majority of the bank's branches and locations are in the Gifu and Aichi prefectures, along with its loans and deposits. The balance of the bank's deposits is primarily located in Gifu, while more of the loan balances are located in Aichi. While the bank has few locations in Tokyo/Osaka, it still has a sizable portion of its loan book exposed to the region. The bank has focused its efforts on easing customer access to conduct transactions through financial technology and information technology innovation. Most of its earning assets are in loans and bills discounted, and securities.

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