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Industrial And Commercial Bank Of China (Industrial And Commercial Bank Of China) Debt-to-Equity : 0.51 (As of Dec. 2023)


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What is Industrial And Commercial Bank Of China Debt-to-Equity?

Industrial And Commercial Bank Of China's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0 Mil. Industrial And Commercial Bank Of China's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $265,854 Mil. Industrial And Commercial Bank Of China's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $526,160 Mil. Industrial And Commercial Bank Of China's debt to equity for the quarter that ended in Dec. 2023 was 0.51.

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 Industrial And Commercial Bank Of China's Debt-to-Equity or its related term are showing as below:

IDCBY' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.39   Med: 0.45   Max: 0.51
Current: 0.51

During the past 13 years, the highest Debt-to-Equity Ratio of Industrial And Commercial Bank Of China was 0.51. The lowest was 0.39. And the median was 0.45.

IDCBY's Debt-to-Equity is ranked better than
59.66% of 1393 companies
in the Banks industry
Industry Median: 0.69 vs IDCBY: 0.51

Industrial And Commercial Bank Of China Debt-to-Equity Historical Data

The historical data trend for Industrial And Commercial Bank Of China'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.

Industrial And Commercial Bank Of China Debt-to-Equity Chart

Industrial And Commercial Bank Of China 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 0.46 0.44 0.39 0.41 0.51

Industrial And Commercial Bank Of China Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 0.41 0.46 0.50 0.49 0.51

Competitive Comparison of Industrial And Commercial Bank Of China's Debt-to-Equity

For the Banks - Diversified subindustry, Industrial And Commercial Bank Of China'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.


Industrial And Commercial Bank Of China's Debt-to-Equity Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Industrial And Commercial Bank Of China's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Industrial And Commercial Bank Of China's Debt-to-Equity falls into.



Industrial And Commercial Bank Of China Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Industrial And Commercial Bank Of China's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Industrial And Commercial Bank Of China'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.


Industrial And Commercial Bank Of China  (OTCPK:IDCBY) 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.


Industrial And Commercial Bank Of China Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Industrial And Commercial Bank Of China's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.


Industrial And Commercial Bank Of China (Industrial And Commercial Bank Of China) Business Description

Address
3 Garden Road, 33rd Floor, ICBC Tower, Central, Hong Kong, HKG
ICBC is headquartered in Beijing and founded in 1984, the bank listed its shares in mainland China and Hong Kong in 2006. It is China's largest by asset scale and by share of lending and deposits. Central Huijin Investment (China's sovereign wealth fund manager) and China's Ministry of Finance are ICBC's two largest shareholders, each with a stake of around 35%. ICBC operates over 16,000 outlets. Among these outlets, 417 outlets are located in 42 countries and regions overseas. Corporate banking, retail banking, and wholesale banking accounted for 44%, 44%, and 12% of total revenue, respectively; and 39%, 47%, and 24% of profit before tax in 2022. Overseas banking and other business contributed 8% of total revenue and 6% of profit before tax in 2022.

Industrial And Commercial Bank Of China (Industrial And Commercial Bank Of China) Headlines

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