TFS Financial (TFS Financial) Debt-to-Equity : 2.61 (As of Mar. 2024)

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What is TFS Financial Debt-to-Equity?

TFS Financial's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $0.0 Mil. TFS Financial's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $4,981.4 Mil. TFS Financial's Total Stockholders Equity for the quarter that ended in Mar. 2024 was $1,907.5 Mil. TFS Financial's debt to equity for the quarter that ended in Mar. 2024 was 2.61.

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 TFS Financial's Debt-to-Equity or its related term are showing as below:

TFSL' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.57 Med: 2.12 Max: 2.9
Current: 2.61

During the past 13 years, the highest Debt-to-Equity Ratio of TFS Financial was 2.90. The lowest was 0.57. And the median was 2.12.

TFSL's Debt-to-Equity is ranked worse than
90.17% of 1393 companies
in the Banks industry
Industry Median: 0.65 vs TFSL: 2.61

TFS Financial Debt-to-Equity Historical Data

The historical data trend for TFS Financial'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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TFS Financial Debt-to-Equity Chart

TFS Financial Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Debt-to-Equity

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2.32

2.13

1.81

2.62

2.75

TFS Financial 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															2.85	2.90	2.75	2.71	2.61

Competitive Comparison of TFS Financial's Debt-to-Equity

For the Banks - Regional subindustry, TFS Financial'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.

TFS Financial's Debt-to-Equity Distribution in the Banks Industry

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

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

TFS Financial Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

TFS Financial's Debt to Equity Ratio for the fiscal year that ended in Sep. 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	+	5303.448)	/	1927.361
	=	2.75

TFS Financial's Debt to Equity Ratio for the quarter 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	+	4981.384)	/	1907.497
	=	2.61

TFS Financial (NAS:TFSL) 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.

TFS Financial Debt-to-Equity Related Terms

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

TFS Financial (TFS Financial) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » TFS Financial Corp (NAS:TFSL) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

PWT:Germany

Address

7007 Broadway Avenue, Cleveland, OH, USA, 44105

Website

https://www.thirdfederal.com

TFS Financial Corp is the holding company for the Third Federal Savings and Loan Association of Cleveland. The company's ownership in the savings and loan association is its primary business activity. The association's principal business consists of originating and servicing residential real estate mortgage loans and attracting retail savings deposits. It does so by offering products with competitive rates and yields. The company also operates Third Capital, a wholly owned subsidiary that serves as a holding company or as an investor in vehicles such as private equity funds. Third Capital has interests in lease transactions of commercial buildings, title agencies providing escrow and settlement services, and reinsurance of private mortgage insurance on residential loans.

Executives

Daniel Fabian Weir	director	7007 BROADWAY AVE, CLEVELAND OH 44105
Russell Clay Holmes	officer: Chief Retail Officer	7007 BROADWAY, CLEVELAND OH 44105
Meredith S Weil	officer: Chief Retail Officer	7007 BROADWAY AVENUE, CLEVELAND OH 44105
Ashley H Williams	director	7007 BROADWAY AVENUE, CLEVELAND OH 44105
Benjamin Stefanski Gavin	officer: Chief Lending Officer	7007 BROADWAY AVENUE, CLEVELAND OH 44105
Marc A Stefanski	director, officer: Chairman, President and CEO	7007 BROADWAY AVENUE, CLEVELAND OH 44105
Barbara J. Anderson	director	7007 BROADWAY AVENUE, CLEVELAND OH 44105
Anthony J Asher	director	7007 BROADWAY AVENUE, CLEVELAND OH 44105
Timothy W Mulhern	officer: Finance Manager - Future CFO	7007 BROADWAY AVENUE, CLEVELAND OH 44105
Martin J Cohen	director	7007 BROADWAY AVENUE, CLEVELAND OH 44105
Bradley Taylor Stefanski	officer: Chief Strategy Officer	7007 BROADWAY AVENUE, CLEVELAND OH 44105
Paul J Huml	officer: Chief Operating Officer	7007 BROADWAY AVENUE, CLEVELAND OH 44105
Robert A Fiala	director	7007 BROADWAY AVENUE, CLEVELAND OH 44105
William C Mulligan	director	201 EAST SANDPOINTE, 8TH FLOOR, SANTA ANA CA 92707
Susanne Noel Miller	officer: Chief Accounting Officer	7007 BROADWAY AVENUE, CLEVELAND OH 44105