The Tottori Bank (TSE:8383) Debt-to-Equity : 0.86 (As of Dec. 2023)

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What is The Tottori Bank Debt-to-Equity?

The Tottori Bank's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円0 Mil. The Tottori Bank's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円42,059 Mil. The Tottori Bank's Total Stockholders Equity for the quarter that ended in Dec. 2023 was 円48,890 Mil. The Tottori Bank's debt to equity for the quarter that ended in Dec. 2023 was 0.86.

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

TSE:8383' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.1 Med: 0.4 Max: 1.31
Current: 0.86

During the past 13 years, the highest Debt-to-Equity Ratio of The Tottori Bank was 1.31. The lowest was 0.10. And the median was 0.40.

TSE:8383's Debt-to-Equity is ranked worse than
58.46% of 1394 companies
in the Banks industry
Industry Median: 0.66 vs TSE:8383: 0.86

The Tottori Bank Debt-to-Equity Historical Data

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

The Tottori Bank Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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0.11

1.29

1.31

0.88

The Tottori Bank Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.93	0.88	0.86	0.87	0.86

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

For the Banks - Regional subindustry, The Tottori 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 Tottori Bank's Debt-to-Equity Distribution in the Banks Industry

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

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

The Tottori Bank Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

The Tottori Bank's Debt to Equity Ratio for the fiscal year that ended in Mar. 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	+	42060)	/	47766
	=	0.88

The Tottori 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	+	42059)	/	48890
	=	0.86

The Tottori Bank (TSE:8383) 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 Tottori Bank Debt-to-Equity Related Terms

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The Tottori Bank (TSE:8383) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » The Tottori Bank Ltd (TSE:8383) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

171 Eiraku-Onsencho, Tottori, JPN, 680-8686

Website

http://www.tottoribank.co.jp

The Tottori Bank Ltd is a Japan-based bank mainly engaged in the banking business. The bank offers the general account, and ordinary, savings, funded time, periodical, property and tax reserve deposit, foreign currency accounts. In addition, it also advances card, and business loans, as well as loan-related services. Further, it also provides automated teller machine special interest time deposit, foreign exchange services, individual annuity, medical, life, periodic, cancer, and revenue protection insurance services.

The Tottori Bank (TSE:8383) Headlines

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