Rakuten Bank (TSE:5838) Debt-to-Equity : 9.71 (As of Dec. 2023)

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What is Rakuten Bank Debt-to-Equity?

Rakuten Bank's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円0 Mil. Rakuten Bank's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円2,446,745 Mil. Rakuten Bank's Total Stockholders Equity for the quarter that ended in Dec. 2023 was 円251,916 Mil. Rakuten Bank's debt to equity for the quarter that ended in Dec. 2023 was 9.71.

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 Rakuten Bank's Debt-to-Equity or its related term are showing as below:

TSE:5838' s Debt-to-Equity Range Over the Past 10 Years
Min: 3.95 Med: 9.26 Max: 10.75
Current: 9.9

During the past 4 years, the highest Debt-to-Equity Ratio of Rakuten Bank was 10.75. The lowest was 3.95. And the median was 9.26.

TSE:5838's Debt-to-Equity is ranked worse than
98.92% of 1393 companies
in the Banks industry
Industry Median: 0.66 vs TSE:5838: 9.90

Rakuten Bank Debt-to-Equity Historical Data

The historical data trend for Rakuten Bank'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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Rakuten Bank Debt-to-Equity Chart

Rakuten Bank Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

3.95

8.62

10.75

9.90

Rakuten Bank Quarterly Data
	Mar21	Mar22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial			10.75	9.64	9.64	9.71	9.90

Competitive Comparison of Rakuten Bank's Debt-to-Equity

For the Banks - Regional subindustry, Rakuten Bank'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.

Rakuten Bank's Debt-to-Equity Distribution in the Banks Industry

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

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

Rakuten Bank Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Rakuten Bank'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	+	2580182)	/	260692
	=	9.90

Rakuten Bank'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	+	2446745)	/	251916
	=	9.71

Rakuten Bank (TSE:5838) 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.

Rakuten Bank Debt-to-Equity Related Terms

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Rakuten Bank (TSE:5838) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Rakuten Bank Ltd (TSE:5838) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

2-16-5 Konan Minato-ku, NBF Shinagawa Tower, Tokyo, JPN, 108-0075

Website

https://www.rakuten-bank.co.jp

Rakuten Bank Ltd is engaged in the banking business through electronic medium.

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