Mizuho Financial Group (STU:MZ8A) LT-Debt-to-Total-Asset : 0.07 (As of Mar. 2024)

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What is Mizuho Financial Group LT-Debt-to-Total-Asset?

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. Mizuho Financial Group's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.07.

Mizuho Financial Group's long-term debt to total assets ratio increased from Mar. 2023 (0.06) to Mar. 2024 (0.07). It may suggest that Mizuho Financial Group is progressively becoming more dependent on debt to grow their business.

Mizuho Financial Group LT-Debt-to-Total-Asset Historical Data

The historical data trend for Mizuho Financial Group's LT-Debt-to-Total-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.

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Mizuho Financial Group LT-Debt-to-Total-Asset Chart

Mizuho Financial Group Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.07

0.08

0.06

0.07

Mizuho Financial Group Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.06	0.06	0.06	0.06	0.07

Mizuho Financial Group LT-Debt-to-Total-Asset Calculation

Mizuho Financial Group's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (A: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Mar. 2024 )	/	Total Assets (A: Mar. 2024 )
	=	110627.626	/	1711258.675
	=	0.06

Mizuho Financial Group's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (Q: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2024 )	/	Total Assets (Q: Mar. 2024 )
	=	110627.626	/	1711258.675
	=	0.06

Mizuho Financial Group (STU:MZ8A) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

Mizuho Financial Group LT-Debt-to-Total-Asset Related Terms

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Mizuho Financial Group (STU:MZ8A) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Mizuho Financial Group Inc (STU:MZ8A) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

MZHOF:USA MFG:USA 8411:Japan MFG:Argentina

Address

1-5-5, Otemachi, Otemachi Tower, Chiyoda-ku, Tokyo, JPN, 100-8176

Website

https://www.mizuho-fg.co.jp

Mizuho Financial Group is roughly tied with megabank peer Sumitomo Mitsui Financial Group for the status as Japan's second-largest bank after Mitsubishi UFJ Financial Group. As of March 2023, Mizuho's market share of domestic loans was 6.7%, compared with 7.1% for SMFG and 8.1% for MUFG. In Japan, Mizuho has more of a corporate focus than SMFG, which has a larger retail business. Its overseas weighting is slightly smaller than that of MUFG. Unlike its two Japanese megabank peers that own foreign banks outright or hold noncontrolling stakes in local banks overseas, Mizuho expanded in recent years beyond its traditional Japanese borrowers, mainly through its core banking and securities units, focusing on the financing needs of global multinational corporations.

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