Hokkoku Financial Holdings (TSE:7381) Debt-to-Equity : 1.64 (As of Dec. 2023)

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What is Hokkoku Financial Holdings Debt-to-Equity?

Hokkoku Financial Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円0 Mil. Hokkoku Financial Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円384,465 Mil. Hokkoku Financial Holdings's Total Stockholders Equity for the quarter that ended in Dec. 2023 was 円233,824 Mil. Hokkoku Financial Holdings's debt to equity for the quarter that ended in Dec. 2023 was 1.64.

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

TSE:7381' s Debt-to-Equity Range Over the Past 10 Years
Min: 1.84 Med: 2.52 Max: 3.1
Current: 1.84

During the past 3 years, the highest Debt-to-Equity Ratio of Hokkoku Financial Holdings was 3.10. The lowest was 1.84. And the median was 2.52.

TSE:7381's Debt-to-Equity is ranked worse than
81.29% of 1395 companies
in the Banks industry
Industry Median: 0.65 vs TSE:7381: 1.84

Hokkoku Financial Holdings Debt-to-Equity Historical Data

The historical data trend for Hokkoku Financial Holdings'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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Hokkoku Financial Holdings Debt-to-Equity Chart

Hokkoku Financial Holdings Annual Data

Trend

Mar22

Mar23

Mar24

Debt-to-Equity

3.10

2.52

1.84

Hokkoku Financial Holdings Quarterly Data
	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial					2.52	1.49	2.18	1.64	1.84

Competitive Comparison of Hokkoku Financial Holdings's Debt-to-Equity

For the Banks - Regional subindustry, Hokkoku Financial Holdings'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.

Hokkoku Financial Holdings's Debt-to-Equity Distribution in the Banks Industry

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

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

Hokkoku Financial Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Hokkoku Financial Holdings'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	+	448860)	/	244219
	=	1.84

Hokkoku Financial Holdings'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	+	384465)	/	233824
	=	1.64

Hokkoku Financial Holdings (TSE:7381) 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.

Hokkoku Financial Holdings Debt-to-Equity Related Terms

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Hokkoku Financial Holdings (TSE:7381) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Hokkoku Financial Holdings Inc (TSE:7381) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

2-12-6 Hirooka, Ishikawa, Kanazawa, JPN, 920-8670

Website

Hokkoku Financial Holdings Inc is engaged in the business management of banks and other companies.

Hokkoku Financial Holdings (TSE:7381) Headlines

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