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Sumitomo Mitsui Financial Group Equity-to-Asset

: 0.06 (As of Sep. 2021)
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Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Sumitomo Mitsui Financial Group's Total Stockholders Equity for the quarter that ended in Sep. 2021 was $115,994 Mil. Sumitomo Mitsui Financial Group's Total Assets for the quarter that ended in Sep. 2021 was $2,124,299 Mil. Therefore, Sumitomo Mitsui Financial Group's Equity to Asset Ratio for the quarter that ended in Sep. 2021 was 0.06.

The historical rank and industry rank for Sumitomo Mitsui Financial Group's Equity-to-Asset or its related term are showing as below:

NYSE:SMFG' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.02   Med: 0.05   Max: 0.06
Current: 0.06

0.02
0.06

During the past 13 years, the highest Equity to Asset Ratio of Sumitomo Mitsui Financial Group was 0.06. The lowest was 0.02. And the median was 0.05.

NYSE:SMFG's Equity-to-Asset is ranked lower than
85% of the 1479 Companies
in the Banks industry.

( Industry Median: 0.10 vs. NYSE:SMFG: 0.06 )

Sumitomo Mitsui Financial Group Equity-to-Asset Historical Data

The historical data trend for Sumitomo Mitsui Financial Group's Equity-to-Asset 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.

Sumitomo Mitsui Financial Group Annual Data
Trend Mar12 Mar13 Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21
Equity-to-Asset
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.05 0.05 0.05 0.05 0.05

Sumitomo Mitsui Financial Group Quarterly Data
Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21
Equity-to-Asset Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.05 0.05 0.05 0.05 0.06

Competitive Comparison

For the Banks - Diversified subindustry, Sumitomo Mitsui Financial Group's Equity-to-Asset, along with its competitors' market caps and Equity-to-Asset 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 Equity-to-Asset Distribution

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

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



Sumitomo Mitsui Financial Group Equity-to-Asset Calculation

Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.

Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.

Sumitomo Mitsui Financial Group's Equity to Asset Ratio for the fiscal year that ended in Mar. 2021 is calculated as

Equity to Asset (A: Mar. 2021 )=Total Stockholders Equity/Total Assets
=108816.05275481/2231704.8439224
=0.05

Sumitomo Mitsui Financial Group's Equity to Asset Ratio for the quarter that ended in Sep. 2021 is calculated as

Equity to Asset (Q: Sep. 2021 )=Total Stockholders Equity/Total Assets
=115993.68197456/2124299.1621354
=0.05

* 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.


Sumitomo Mitsui Financial Group  (NYSE:SMFG) Equity-to-Asset Explanation

Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.

For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.


Sumitomo Mitsui Financial Group Equity-to-Asset Related Terms

Thank you for viewing the detailed overview of Sumitomo Mitsui Financial Group's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.


Sumitomo Mitsui Financial Group Business Description

Sumitomo Mitsui Financial Group logo
Industry
Financial Services » Banks NAICS : 522110 SIC : 6029
Address
1-2, Marunouchi 1-chome, Chiyoda-ku, Tokyo, JPN, 100-0005
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 December 2020, its market share of domestic loans was 7.1%, compared with 8.5% 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, areas that it is working on strengthening.

Sumitomo Mitsui Financial Group Headlines

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