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Raymond James Financial's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was $0 Mil. Raymond James Financial's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was $3,088 Mil. Raymond James Financial's Total Stockholders Equity for the quarter that ended in Jun. 2024 was $11,197 Mil. Raymond James Financial's debt to equity for the quarter that ended in Jun. 2024 was 0.28.
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 Raymond James Financial's Debt-to-Equity or its related term are showing as below:
During the past 13 years, the highest Debt-to-Equity Ratio of Raymond James Financial was 0.55. The lowest was 0.28. And the median was 0.38.
The historical data trend for Raymond James 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.
Raymond James Financial Annual Data | |||||||||||||||||||||
Trend | Sep15 | Sep16 | Sep17 | Sep18 | Sep19 | Sep20 | Sep21 | Sep22 | Sep23 | Sep24 | |||||||||||
Debt-to-Equity | Get a 7-Day Free Trial | 0.41 | 0.35 | 0.35 | 0.31 | - |
Raymond James Financial Quarterly Data | ||||||||||||||||||||
Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | Jun24 | Sep24 | |
Debt-to-Equity | Get a 7-Day Free Trial | 0.31 | 0.29 | 0.30 | 0.28 | - |
For the Asset Management subindustry, Raymond James 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.
For the Asset Management industry and Financial Services sector, Raymond James Financial's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Raymond James Financial's Debt-to-Equity falls into.
Debt to Equity measures the financial leverage a company has.
Raymond James 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 | + | 3139) | / | 10214 | |
= | 0.31 |
Raymond James Financial's Debt to Equity Ratio for the quarter that ended in Jun. 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 | + | 3088) | / | 11197 | |
= | 0.28 |
* 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.
Raymond James Financial (NYSE:RJF) 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.
Thank you for viewing the detailed overview of Raymond James Financial's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Tashtego S Elwyn | officer: President - RJA | 880 CARILLON PARKWAY, ST PETERSBURG FL 33716 |
Bella Loykhter Allaire | officer: Executive Vice President-RJA | 880 CARILLON PARKWAY, ST. PETERSBURG FL 33716 |
James E Bunn | officer: Co-Pres-GlobEq&Inv Banking-RJA | 880 CARILLON PARKWAY, SAINT PETERSBURG FL 33716 |
Steven M Raney | officer: President & CEO RJBank | 880 CARILLON PARKWAY, ST. PETERSBURG FL 33716 |
Art A Garcia | director | 11690 N.W. 105TH STREET, MIAMI FL 33178 |
Jonathan N Santelli | officer: EVP, Gen Counsel, Secy | 880 CARILLON PARKWAY, SAINT PETERSBURG FL 33716 |
Paul C Reilly | director | 880 CARILLON PARKWAY, ST. PETERSBURG FL 33716 |
Jeffrey A Dowdle | officer: President, AMS - RJA | 880 CARILLON PARKWAY, ST. PETERSBURG FL 33716 |
Horace Carter | officer: President, Fixed Income | 1100 RIDGEWAY LOOP ROAD, MEMPHIS TN 38120 |
Raymond W Mcdaniel | director | 7 WORLD TRADE CENTER, 250 GREENWICH STREET, NEW YORK NY 10007 |
Jodi Perry | officer: President, ICD for RJFS | 880 CARILLON PARKWAY, SAINT PETERSBURG FL 33716 |
George Catanese | officer: Executive Vice President | 880 CARILLON PARKWAY, ST. PETERSBURG X1 33716 |
Thomas A James | director, 10 percent owner, officer: Chairman/CEO | 880 CARILLON PARKWAY, ST. PETERSBURG FL 33772 |
Christopher S Aisenbrey | officer: Chief Human Resources Officer | 880 CARILLON PARKWAY, SAINT PETERSBURG FL 33716 |
Coulter James Robert Edward | officer: Director & CEO, RJ Ltd. | 40 KING STREET W, SUITE 5400, TORONTO A6 M5H 3Y2 |
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