Citizens Financial Group (Citizens Financial Group) Debt-to-Equity : 0.57 (As of Dec. 2023)

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What is Citizens Financial Group Debt-to-Equity?

Citizens Financial Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $505 Mil. Citizens Financial Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $13,467 Mil. Citizens Financial Group's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $24,342 Mil. Citizens Financial Group's debt to equity for the quarter that ended in Dec. 2023 was 0.57.

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

CFG' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.3 Med: 0.64 Max: 0.81
Current: 0.58

During the past 13 years, the highest Debt-to-Equity Ratio of Citizens Financial Group was 0.81. The lowest was 0.30. And the median was 0.64.

CFG's Debt-to-Equity is ranked better than
55.52% of 1394 companies
in the Banks industry
Industry Median: 0.695 vs CFG: 0.58

Citizens Financial Group Debt-to-Equity Historical Data

The historical data trend for Citizens Financial 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.

Citizens Financial Group Debt-to-Equity Chart

Citizens Financial Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.63

0.37

0.30

0.67

0.57

Citizens Financial 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															0.82	0.64	0.77	0.57	0.58

Competitive Comparison of Citizens Financial Group's Debt-to-Equity

For the Banks - Regional subindustry, Citizens Financial 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.

Citizens Financial Group's Debt-to-Equity Distribution in the Banks Industry

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

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

Citizens Financial Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Citizens Financial Group'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
	=	(505	+	13467)	/	24342
	=	0.57

Citizens Financial 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
	=	(505	+	13467)	/	24342
	=	0.57

Citizens Financial Group (NYSE:CFG) 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.

Citizens Financial Group Debt-to-Equity Related Terms

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

Citizens Financial Group (Citizens Financial Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Citizens Financial Group Inc (NYSE:CFG) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

CFGpE.PFD:USA CFGpD.PFD:USA 1C5:Germany 1C5:Germany C1FG34:Brazil

Address

One Citizens Plaza, Providence, RI, USA, RI 02903

Website

https://www.citizensbank.com

Citizens Financial Group is a bank holding company headquartered in Providence, Rhode Island. Its two primary business segments are consumer banking and commercial banking. Citizens offers a mix of retail and commercial products including capital markets and wealth options. The bank has over 1,000 branches in 14 states, although it is primarily concentrated in the Northeast. It has over $220 billion of total assets.

Executives

Terrance J. Lillis	director	C/O CITIZENS FINANCIAL GROUP, INC., 600 WASHINGTON BLVD., STAMFORD CT 06901
Shivan S. Subramaniam	director	CITIZENS FINANCIAL GROUP, INC., 600 WASHINGTON BLVD., CS119N, STAMFORD CT 06901
Kevin Cummings	director	101 JFK PARKWAY, SHORT HILLS NJ 07078
Michele N Siekerka	director	101 JFK PARKWAY, SHORT HILLS NJ 07078
Polly N. Klane	officer: General Counsel	C/O CITIZENS FINANCIAL GROUP, INC., 600 WASHINGTON BLVD., STAMFORD CT 06901
Michael Ruttledge	officer: Chief Information Officer	CITIZENS FINANCIAL GROUP, INC., 600 WASHINGTON BLVD., STAMFORD CT 06901
Lee Alexander	director	CITIZENS FINANCIAL GROUP, INC., 600 WASHINGTON BLVD. 11TH FLOOR, STAMFORD CT 06901
Christopher Swift	director	HARBORSIDE FINANCIAL CENTER, 3200 PLAZA 5, JERSEY CITY NJ 07311
Brendan Coughlin	officer: Head of Consumer Banking	CITIZENS FINANCIAL GROUP, INC, 600 WASHINGTON BLVD. 11TH FLOOR, STAMFORD CT 06901
William P Hankowsky	director	C/O LIBERTY PROPERTY TRUST, 65 VALLEY STREAM PARKWAY, MALVERN PA 19355
Robert G Leary	director	CITIZENS FINANCIAL GROUP, INC., 600 WASHINGTON BLVD,, STAMFORD CT 06901
Charles John Koch	director	CITIZENS FINANCIAL GROUP, INC., 600 WASHINGTON BLVD., CS119N, STAMFORD CT 06901
Higdon Leo I Jr	director	1700 LINCOLN STREET, 28TH FLOOR, DENVER CO 80203
Elizabeth S. Johnson	officer: Chief Experience Officer	CITIZENS FINANCIAL GROUP, INC., 600 WASHINGTON BLVD., STAMFORD CT 06901
Susan Lamonica	officer: Chief Human Resources Officer	CITIZENS FINANCIAL GROUP, INC., 600 WASHINGTON BLVD. 11TH FLOOR, STAMFORD CT 06901