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Fifth Third Bancorp (Fifth Third Bancorp) Debt-to-Equity : 0.99 (As of Dec. 2023)


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What is Fifth Third Bancorp Debt-to-Equity?

Fifth Third Bancorp's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $2,528 Mil. Fifth Third Bancorp's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $16,380 Mil. Fifth Third Bancorp's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $19,172 Mil. Fifth Third Bancorp's debt to equity for the quarter that ended in Dec. 2023 was 0.99.

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 Fifth Third Bancorp's Debt-to-Equity or its related term are showing as below:

FITB' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.53   Med: 0.97   Max: 1.11
Current: 0.96

During the past 13 years, the highest Debt-to-Equity Ratio of Fifth Third Bancorp was 1.11. The lowest was 0.53. And the median was 0.97.

FITB's Debt-to-Equity is ranked worse than
62.53% of 1393 companies
in the Banks industry
Industry Median: 0.69 vs FITB: 0.96

Fifth Third Bancorp Debt-to-Equity Historical Data

The historical data trend for Fifth Third Bancorp'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.

* Premium members only.

Fifth Third Bancorp Debt-to-Equity Chart

Fifth Third Bancorp Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.71 0.65 0.53 1.04 0.99

Fifth Third Bancorp 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 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 1.07 0.99 1.24 0.99 0.96

Competitive Comparison of Fifth Third Bancorp's Debt-to-Equity

For the Banks - Regional subindustry, Fifth Third Bancorp'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.


Fifth Third Bancorp's Debt-to-Equity Distribution in the Banks Industry

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

* The bar in red indicates where Fifth Third Bancorp's Debt-to-Equity falls into.



Fifth Third Bancorp Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Fifth Third Bancorp's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Fifth Third Bancorp's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

* 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.


Fifth Third Bancorp  (NAS:FITB) 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.


Fifth Third Bancorp Debt-to-Equity Related Terms

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Fifth Third Bancorp (Fifth Third Bancorp) Business Description

Address
38 Fountain Square Plaza, Cincinnati, OH, USA, 45263
Fifth Third Bancorp is a diversified financial-services company headquartered in Cincinnati. The company has over $200 billion in assets and operates numerous full-service banking centers and ATMs throughout Ohio, Kentucky, Indiana, Michigan, Illinois, Florida, Tennessee, West Virginia, Georgia, and North Carolina.
Executives
C. Bryan Daniels director MB FINANCIAL INC/MD, 6111 NORTH RIVER ROAD, ROSEMONT IL 60018
Laurent Desmangles director 38 FOUNTAIN SQUARE PLAZA, CINCINNATI OH 45263
Kathleen A Rogers director US BANCORP, 800 NICOLLET MALL, MINNEAPOLIS MN 55402
Evan Bayh director 3 BETHESDA METRO CENTER, SUITE 1000, BETHESDA MD 20814
Gary R Heminger director C/O MARATHON PETROLEUM CORPORATION, 539 S. MAIN STREET, FINDLAY OH 45840
Howard Hammond officer: EVP 38 FOUNTAIN SQUARE PLAZA, CINCINNATI OH 45263
Kevin P Lavender officer: EVP C/O AMSURG CORPORATION, 20 BURTON HILLS BLVD., 5TH FLOOR, NASHVILLE TN 37215
Robert P Shaffer officer: EVP and CHRO 38 FOUNTAIN SQUARE PLAZA, MD 10909F, CINCINNATI OH 45263
Timothy Spence officer: EVP & CSO 38 FOUNTAIN SQUARE PLAZA, MD 10AT76, CINCINNATI OH 45263
James C. Leonard officer: SVP & Treasurer 38 FOUNTAIN SQUARE PLAZA, MD10AT76, CINCINNATI OH 45263
Mitchell Feiger director C/O MB FINANCIAL INC, 1200 NORTH ASHLAND AVE, CHICAGO IL 60622
Jude Schramm officer: EVP and CIO 38 FOUNTAIN SQUARE PLAZA, MD 10909F, CINCINNATI OH 45263
Greg D Carmichael officer: Executive Vice President
Kala Gibson officer: EVP 38 FOUNTAIN SQUARE PLAZA, CINCINNATI OH 45263
Kristine R. Garrett officer: EVP 38 FOUNTAIN SQUARE PLAZA, CINCINNATI OH 45263