Bank of America (XSWX:BAC) Debt-to-Equity : 1.13 (As of Sep. 2024)

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What is Bank of America Debt-to-Equity?

Bank of America's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was CHF32,566 Mil. Bank of America's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was CHF251,557 Mil. Bank of America's Total Stockholders Equity for the quarter that ended in Sep. 2024 was CHF251,205 Mil. Bank of America's debt to equity for the quarter that ended in Sep. 2024 was 1.13.

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

XSWX:BAC' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.9 Med: 1.04 Max: 1.22
Current: 1.13

During the past 13 years, the highest Debt-to-Equity Ratio of Bank of America was 1.22. The lowest was 0.90. And the median was 1.04.

XSWX:BAC's Debt-to-Equity is ranked worse than
69.6% of 1454 companies
in the Banks industry
Industry Median: 0.64 vs XSWX:BAC: 1.13

Bank of America Debt-to-Equity Historical Data

The historical data trend for Bank of America'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.

Bank of America Debt-to-Equity Chart

Bank of America Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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1.00

1.03

1.13

1.11

1.15

Bank of America 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															1.15	1.15	1.14	1.13	1.13

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

For the Banks - Diversified subindustry, Bank of America'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.

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

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

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

Bank of America Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Bank of America's Debt to Equity Ratio for the fiscal year 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
	=	(27758.35	+	261346.019)	/	252215.461
	=	1.15

Bank of America's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(32566.368	+	251556.554)	/	251204.966
	=	1.13

Bank of America (XSWX:BAC) 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.

Bank of America Debt-to-Equity Related Terms

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Bank of America Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

BACpS.PFD:USA BACpQ.PFD:USA BACpP.PFD:USA BACpO.PFD:USA BACpN.PFD:USA BACpM.PFD:USA BACpK.PFD:USA BACpB.PFD:USA BACRP.PFD:USA BMLpL.PFD:USA BMLpJ.PFD:USA BMLpH.PFD:USA BMLpG.PFD:USA BACpL.PFD:USA BACpE.PFD:USA BAC:USA BAC:Peru BAC:Mexico BAC_KZ:Kazakhstan 1BAC:Italy NCBd:UK NCB0:Germany NCB:Germany NCB:Germany NCB:Germany NCB:Germany BAC:Chile BOFA:Canada BOAC34:Brazil NCB:Bulgaria BOAC:Austria

Address

100 North Tryon Street, Bank of America Corporate Center, Charlotte, NC, USA, 28255

Website

https://www.bankofamerica.com

Bank of America is one of the largest financial institutions in the United States, with more than $3.0 trillion in assets. It is organized into four major segments: consumer banking, global wealth and investment management, global banking, and global markets. Bank of America's consumer-facing lines of business include its network of branches and deposit-gathering operations, retail lending products, credit and debit cards, and small-business services. The company's Merrill Lynch operations provide brokerage and wealth-management services, as does its private bank. Wholesale lines of business include investment banking, corporate and commercial real estate lending, and capital markets operations. Bank of America has operations in several countries but is primarily US-focused.