Sumitomo Mitsui Financial Group (Sumitomo Mitsui Financial Group) Debt-to-Revenue : 7.72 (As of Dec. 2023)

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What is Sumitomo Mitsui Financial Group Debt-to-Revenue?

Debt-to-Revenue measures a company's ability to pay off its debt.

Sumitomo Mitsui Financial Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $33,274 Mil. Sumitomo Mitsui Financial Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $195,757 Mil. Sumitomo Mitsui Financial Group's annualized Revenue for the quarter that ended in Dec. 2023 was $29,678 Mil. Sumitomo Mitsui Financial Group's annualized Debt-to-Revenue for the quarter that ended in Dec. 2023 was 7.72.

Sumitomo Mitsui Financial Group Debt-to-Revenue Historical Data

The historical data trend for Sumitomo Mitsui Financial Group's Debt-to-Revenue 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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Sumitomo Mitsui Financial Group Debt-to-Revenue Chart

Sumitomo Mitsui Financial Group Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Revenue

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5.46

9.69

9.95

9.39

7.90

Sumitomo Mitsui Financial Group Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Revenue	Get a 7-Day Free Trial															7.19	8.60	7.49	7.53	7.72

Competitive Comparison of Sumitomo Mitsui Financial Group's Debt-to-Revenue

For the Banks - Diversified subindustry, Sumitomo Mitsui Financial Group's Debt-to-Revenue, along with its competitors' market caps and Debt-to-Revenue 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.

Sumitomo Mitsui Financial Group's Debt-to-Revenue Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Sumitomo Mitsui Financial Group's Debt-to-Revenue distribution charts can be found below:

* The bar in red indicates where Sumitomo Mitsui Financial Group's Debt-to-Revenue falls into.

Sumitomo Mitsui Financial Group Debt-to-Revenue Calculation

Debt-to-Revenue measures a company's ability to pay off its debt.

Sumitomo Mitsui Financial Group's Debt-to-Revenue for the fiscal year that ended in Mar. 2023 is calculated as

Debt-to-Revenue	=	Total Debt			/	Revenue
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Revenue
	=	(36801.233	+	183024.435)	/	27826.854
	=	7.90

Sumitomo Mitsui Financial Group's annualized Debt-to-Revenue for the quarter that ended in Dec. 2023 is calculated as

Debt-to-Revenue	=	Total Debt			/	Revenue
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Revenue
	=	(33274.212	+	195756.885)	/	29677.508
	=	7.72

In the calculation of annual Debt-to-Revenue, the Revenue of the last fiscal year is used. In calculating the annualized quarterly data, the Revenue data used here is four times the quarterly (Dec. 2023) Revenue data.

Sumitomo Mitsui Financial Group Debt-to-Revenue Related Terms

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Sumitomo Mitsui Financial Group (Sumitomo Mitsui Financial Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Sumitomo Mitsui Financial Group Inc (NYSE:SMFG) » Definitions » Debt-to-Revenue

Comparable Companies

Traded in Other Exchanges

SMFNF:USA SMFG:Mexico 8316:Japan 8316:Japan XMF:Germany XMFA:Germany XMF:Germany S1MF34:Brazil

Address

1-2, Marunouchi 1-chome, Chiyoda-ku, Tokyo, JPN, 100-0005

Website

https://www.smfg.co.jp

Sumitomo Mitsui Financial Group is roughly tied with Mizuho Financial Group for the status of Japan's second-largest bank after Mitsubishi UFJ Financial Group. As of March 2023, its market share of domestic loans was 7.1%, compared with 8.1% for MUFG. It has a larger consumer finance business than the other two megabanks, owning 100% of the Promise business and SMBC Card. It also controls one of Japan's largest leasing companies and SMBC Aviation Capital, one of the top five aircraft lessors globally. In securities, its SMBC Nikko unit is Japan's third-largest retail broker, although SMFG has lagged somewhat in institutional securities business and asset management.