Shinkin Central Bank (TSE:8421) Debt-to-Equity : 4.54 (As of Dec. 2023)

View and export this data going back to 2000. Start your Free Trial

What is Shinkin Central Bank Debt-to-Equity?

Shinkin Central Bank's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円0 Mil. Shinkin Central Bank's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円6,078,618 Mil. Shinkin Central Bank's Total Stockholders Equity for the quarter that ended in Dec. 2023 was 円1,340,021 Mil. Shinkin Central Bank's debt to equity for the quarter that ended in Dec. 2023 was 4.54.

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

TSE:8421' s Debt-to-Equity Range Over the Past 10 Years
Min: 2.43 Med: 3.23 Max: 4.21
Current: 4.21

During the past 13 years, the highest Debt-to-Equity Ratio of Shinkin Central Bank was 4.21. The lowest was 2.43. And the median was 3.23.

TSE:8421's Debt-to-Equity is ranked worse than
95.49% of 1397 companies
in the Banks industry
Industry Median: 0.65 vs TSE:8421: 4.21

Shinkin Central Bank Debt-to-Equity Historical Data

The historical data trend for Shinkin Central 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.

* Premium members only.

Shinkin Central Bank Debt-to-Equity Chart

Shinkin Central Bank Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

Get a 7-Day Free Trial

3.55

3.40

3.64

4.13

4.21

Shinkin Central 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															4.13	4.11	4.47	4.54	4.21

Competitive Comparison of Shinkin Central Bank's Debt-to-Equity

For the Banks - Regional subindustry, Shinkin Central 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.

Shinkin Central Bank's Debt-to-Equity Distribution in the Banks Industry

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

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

Shinkin Central Bank Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Shinkin Central 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	+	6495790)	/	1544570
	=	4.21

Shinkin Central 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	+	6078618)	/	1340021
	=	4.54

Shinkin Central Bank (TSE:8421) 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.

Shinkin Central Bank Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Shinkin Central Bank's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Shinkin Central Bank (TSE:8421) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Shinkin Central Bank (TSE:8421) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

3-7, Yaesu 1-chome, Chuo-ku, Tokyo, JPN, 103-0028

Website

http://www.shinkin-central-bank.jp

Shinkin Central Bank provides various financial products and services, including deposit, bond, financing, market operation, securities, and settlement, as well as business support and function supplement for cooperative banks. It uses the funds deposited from Shinkin banks throughout Japan to invest in marketable securities in the financial markets in Japan and overseas. It provides loans to operating companies.

Shinkin Central Bank (TSE:8421) Headlines

No Headlines