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The Tohoku Bank (TSE:8349) Debt-to-Equity : 0.03 (As of Dec. 2023)


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What is The Tohoku Bank Debt-to-Equity?

The Tohoku Bank's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円0 Mil. The Tohoku Bank's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円1,161 Mil. The Tohoku Bank's Total Stockholders Equity for the quarter that ended in Dec. 2023 was 円38,735 Mil. The Tohoku Bank's debt to equity for the quarter that ended in Dec. 2023 was 0.03.

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

TSE:8349' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.02   Med: 0.27   Max: 15.5
Current: 0.03

During the past 13 years, the highest Debt-to-Equity Ratio of The Tohoku Bank was 15.50. The lowest was 0.02. And the median was 0.27.

TSE:8349's Debt-to-Equity is ranked better than
96.48% of 1392 companies
in the Banks industry
Industry Median: 0.66 vs TSE:8349: 0.03

The Tohoku Bank Debt-to-Equity Historical Data

The historical data trend for The Tohoku 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.

* Premium members only.

The Tohoku Bank Debt-to-Equity Chart

The Tohoku Bank Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.15 0.02 1.80 1.99 0.08

The Tohoku Bank 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 0.08 0.08 0.02 0.02 0.03

Competitive Comparison of The Tohoku Bank's Debt-to-Equity

For the Banks - Regional subindustry, The Tohoku 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.


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

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

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



The Tohoku Bank Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

The Tohoku Bank's Debt to Equity Ratio for the fiscal year that ended in Mar. 2023 is calculated as

The Tohoku Bank'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.


The Tohoku Bank  (TSE:8349) 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.


The Tohoku Bank Debt-to-Equity Related Terms

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


The Tohoku Bank (TSE:8349) Business Description

Traded in Other Exchanges
N/A
Address
3-1 Uchimaru, Morioka, Iwate, JPN, 020-8606
The Tohoku Bank Ltd is a bank in Japan. The bank provides general bank functions like deposits, loans, and foreign exchange transactions.

The Tohoku Bank (TSE:8349) Headlines

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