Shinhan Financial Group annual debt-to-equity ratio
2008
2009
2010
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
Shinhan Financial Group Debt-to-Equity Ratio Growth & History (SHG)
Shinhan Financial Group's debt-to-equity ratio was 2.44 for fiscal 2025.
View full Shinhan Financial Group company overviewShinhan Financial Group annual debt-to-equity ratio history
| Fiscal year | Period ended | Debt-to-equity ratio | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | 2.44 | 1.54 | +169.49% |
| 2024 | 2024-12-31 | 0.91 | −0.16 | −15.33% |
| 2023 | 2023-12-31 | 1.07 | 0.09 | +8.84% |
| 2022 | 2022-12-31 | 0.98 | 0.06 | +6.25% |
| 2021 | 2021-12-31 | 0.93 | −0.03 | −3.30% |
| 2020 | 2020-12-31 | 0.96 | 0.02 | +2.54% |
| 2019 | 2019-12-31 | 0.93 | 0.10 | +11.86% |
| 2018 | 2018-12-31 | 0.83 | −0.01 | −0.70% |
| 2017 | 2017-12-31 | 0.84 | 0.03 | +3.38% |
| 2016 | 2016-12-31 | 0.81 | — | — |
| 2010 | 2010-12-31 | 2.39 | −0.30 | −11.21% |
| 2009 | 2009-12-31 | 2.70 | −1.43 | −34.70% |
| 2008 | 2008-12-31 | 4.13 | — | — |
Shinhan Financial Group quarterly debt-to-equity ratio
Q4.10
Q4.16
Q4.17
Q4.18
Q4.19
Q4.20
Q4.21
Q4.22
Q4.23
Q4.24
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Debt-to-equity ratio | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | 2.29 | 0.02 | +1.03% |
| Q1 2026 | 2026-03-31 | 2.25 | −0.05 | −2.01% |
| Q4 2025 | 2025-12-31 | 2.44 | 1.54 | +169.49% |
| Q3 2025 | 2025-09-30 | 2.28 | — | — |
| Q2 2025 | 2025-06-30 | 2.27 | — | — |
| Q1 2025 | 2025-03-31 | 2.30 | — | — |
| Q4 2024 | 2024-12-31 | 0.91 | −0.16 | −15.33% |
| Q4 2023 | 2023-12-31 | 1.07 | 0.09 | +8.84% |
| Q4 2022 | 2022-12-31 | 0.98 | 0.06 | +6.25% |
| Q4 2021 | 2021-12-31 | 0.93 | −0.03 | −3.30% |
| Q4 2020 | 2020-12-31 | 0.96 | 0.02 | +2.54% |
| Q4 2019 | 2019-12-31 | 0.93 | 0.10 | +11.86% |
| Q4 2018 | 2018-12-31 | 0.83 | −0.01 | −0.70% |
| Q4 2017 | 2017-12-31 | 0.84 | 0.03 | +3.38% |
| Q4 2016 | 2016-12-31 | 0.81 | — | — |
| Q4 2010 | 2010-12-31 | 2.39 | — | — |
Shinhan Financial Group debt-to-equity ratio trends
Over the last five fiscal years, Shinhan Financial Group's debt-to-equity ratio increased from 0.96 to 2.44, a change of 1.49. The latest reported quarter, Q2 2026, shows 2.29.
About the metric
What the debt-to-equity ratio means
The debt-to-equity ratio compares interest-bearing debt with shareholders’ equity. It helps show how much debt financing a company uses relative to its accounting equity, but useful comparison levels vary by industry.
Calculation and source
How debt-to-equity is calculated
TickerStat calculates debt-to-equity as total interest-bearing debt divided by SEC-reported shareholders’ equity for the same balance-sheet date. Total liabilities are not treated as debt, and periods with non-positive equity are omitted. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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