Daiwa Securities Group (TSE:8601) Debt-to-Equity : 11.94 (As of Dec. 2023)

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What is Daiwa Securities Group Debt-to-Equity?

Daiwa Securities Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円0 Mil. Daiwa Securities Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円17,520,689 Mil. Daiwa Securities Group's Total Stockholders Equity for the quarter that ended in Dec. 2023 was 円1,467,346 Mil. Daiwa Securities Group's debt to equity for the quarter that ended in Dec. 2023 was 11.94.

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 Daiwa Securities Group's Debt-to-Equity or its related term are showing as below:

TSE:8601' s Debt-to-Equity Range Over the Past 10 Years
Min: 7.57 Med: 9.13 Max: 11.03
Current: 11.03

During the past 13 years, the highest Debt-to-Equity Ratio of Daiwa Securities Group was 11.03. The lowest was 7.57. And the median was 9.13.

TSE:8601's Debt-to-Equity is ranked worse than
98.68% of 608 companies
in the Capital Markets industry
Industry Median: 0.37 vs TSE:8601: 11.03

Daiwa Securities Group Debt-to-Equity Historical Data

The historical data trend for Daiwa Securities Group'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.

Daiwa Securities Group Debt-to-Equity Chart

Daiwa Securities Group Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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9.43

9.83

10.84

9.16

11.03

Daiwa Securities Group 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															9.16	10.80	11.44	11.94	11.03

Competitive Comparison of Daiwa Securities Group's Debt-to-Equity

For the Capital Markets subindustry, Daiwa Securities Group'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.

Daiwa Securities Group's Debt-to-Equity Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Daiwa Securities Group's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Daiwa Securities Group's Debt-to-Equity falls into.

Daiwa Securities Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Daiwa Securities Group's Debt to Equity Ratio for the fiscal year 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	+	16868719)	/	1529141
	=	11.03

Daiwa Securities Group's Debt to Equity Ratio for the quarter that ended in Dec. 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	+	17520689)	/	1467346
	=	11.94

Daiwa Securities Group (TSE:8601) 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.

Daiwa Securities Group Debt-to-Equity Related Terms

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

Daiwa Securities Group (TSE:8601) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Daiwa Securities Group Inc (TSE:8601) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

DSEEY:USA DSECF:USA 8601:Japan DSE:Germany DSE:Germany

Address

GranTokyo North Tower, 9-1, Marunouchi 1-chome, Chiyoda-ku, Tokyo, JPN, 100-6751

Website

http://www.daiwa-grp.jp

Together with industry leader Nomura, Daiwa Securities is one of two large independent securities firms in Japan. Like Nomura, it competes with brokerage units of the megabanks and smaller independent firms in Japan, but unlike Nomura it does not have aspiration to compete globally with the major U.S. and European investment banks and focuses on Japan-related business only. Daiwa moved its global wholesale business to a joint venture with Sumitomo Bank in 1999, but the venture met only mixed success and Daiwa ultimately bought out Sumitomo Mitsui Financial Group's 40% interest in the venture in 2009 after SMFG opportunistically purchased Nikko Securities (now SMBC Nikko, a rival of Daiwa) from Citigroup.

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