Tochigi Bank (TSE:8550) Debt-to-Equity : 0.23 (As of Dec. 2023)

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What is Tochigi Bank Debt-to-Equity?

Tochigi Bank's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円0 Mil. Tochigi Bank's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円34,272 Mil. Tochigi Bank's Total Stockholders Equity for the quarter that ended in Dec. 2023 was 円147,750 Mil. Tochigi Bank's debt to equity for the quarter that ended in Dec. 2023 was 0.23.

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

TSE:8550' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.06 Max: 1.95
Current: 0.23

During the past 13 years, the highest Debt-to-Equity Ratio of Tochigi Bank was 1.95. The lowest was 0.01. And the median was 0.06.

TSE:8550's Debt-to-Equity is ranked better than
80.4% of 1393 companies
in the Banks industry
Industry Median: 0.68 vs TSE:8550: 0.23

Tochigi Bank Debt-to-Equity Historical Data

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

Tochigi Bank Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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0.03

0.02

0.79

1.95

0.27

Tochigi 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															0.29	0.27	0.20	0.23	0.23

Competitive Comparison of Tochigi Bank's Debt-to-Equity

For the Banks - Regional subindustry, Tochigi 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.

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

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

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

Tochigi Bank Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Tochigi 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	+	41748)	/	153413
	=	0.27

Tochigi 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	+	34272)	/	147750
	=	0.23

Tochigi Bank (TSE:8550) 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.

Tochigi Bank Debt-to-Equity Related Terms

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

Tochigi Bank (TSE:8550) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Tochigi Bank Ltd (TSE:8550) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

2- 1-18, Nishi, Tochigi Prefecture, Utsunomiya, JPN, 320-8680

Website

https://www.tochigibank.co.jp

Tochigi Bank Ltd is a regional bank based in Tochigi. It provides commercial banking services such as deposit services, domestic and foreign exchange services, asset management plan service, mutual fund, money life support plan, brokerage agent intermediary service, life insurance, term insurance, housing loan, as well as the over-the-counter sale of insurance products. All the business activity of the group is primarily functioned through Japan.

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