SpareBank 1 SMN (FRA:SJI) Debt-to-Equity : 1.80 (As of Mar. 2024)

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What is SpareBank 1 SMN Debt-to-Equity?

SpareBank 1 SMN's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was €0.0 Mil. SpareBank 1 SMN's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was €4,101.0 Mil. SpareBank 1 SMN's Total Stockholders Equity for the quarter that ended in Mar. 2024 was €2,281.2 Mil. SpareBank 1 SMN's debt to equity for the quarter that ended in Mar. 2024 was 1.80.

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 SpareBank 1 SMN's Debt-to-Equity or its related term are showing as below:

FRA:SJI' s Debt-to-Equity Range Over the Past 10 Years
Min: 1.74 Med: 2.63 Max: 3.02
Current: 1.8

During the past 13 years, the highest Debt-to-Equity Ratio of SpareBank 1 SMN was 3.02. The lowest was 1.74. And the median was 2.63.

FRA:SJI's Debt-to-Equity is ranked worse than
80.6% of 1392 companies
in the Banks industry
Industry Median: 0.66 vs FRA:SJI: 1.80

SpareBank 1 SMN Debt-to-Equity Historical Data

The historical data trend for SpareBank 1 SMN'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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SpareBank 1 SMN Debt-to-Equity Chart

SpareBank 1 SMN Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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2.33

2.19

1.93

2.11

1.74

SpareBank 1 SMN 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															2.29	2.04	1.92	1.74	1.80

Competitive Comparison of SpareBank 1 SMN's Debt-to-Equity

For the Banks - Regional subindustry, SpareBank 1 SMN'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.

SpareBank 1 SMN's Debt-to-Equity Distribution in the Banks Industry

For the Banks industry and Financial Services sector, SpareBank 1 SMN's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where SpareBank 1 SMN's Debt-to-Equity falls into.

SpareBank 1 SMN Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

SpareBank 1 SMN'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
	=	(0	+	4213.572)	/	2427.711
	=	1.74

SpareBank 1 SMN's Debt to Equity Ratio for the quarter 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	+	4101.036)	/	2281.166
	=	1.80

SpareBank 1 SMN (FRA:SJI) 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.

SpareBank 1 SMN Debt-to-Equity Related Terms

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SpareBank 1 SMN (FRA:SJI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » SpareBank 1 SMN (FRA:SJI) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

MING:Norway MINGo:UK 0IVM:UK

Address

Sondre gate 4, Trondheim, NOR, 7011

Website

https://www.sparebank1.no

SpareBank 1 SMN is a regional bank offering retail and corporate banking services and principally operating in Norway. The bank is among the owners of the SpareBank 1 Alliance. A key element of the bank's is to maintain a variety of office solutions in municipal and administrative centers where the bank's customers are drawn. The bank is also making a push into digital banking channels via the Internet and mobile banking. The bank's credit is heavily exposed to the real estate, construction, sea farming, agriculture, fisheries, shipbuilding, offshore, and retail industries, as well as the public and energy sectors. The bank's income is split nearly evenly between net interest income and net fees and commission income.