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Amcon Distributing Co (Amcon Distributing Co) Debt-to-Equity

: 1.32 (As of Mar. 2024)
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Amcon Distributing Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $11 Mil. Amcon Distributing Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $132 Mil. Amcon Distributing Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was $108 Mil. Amcon Distributing Co's debt to equity for the quarter that ended in Mar. 2024 was 1.32.

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 Amcon Distributing Co's Debt-to-Equity or its related term are showing as below:

DIT' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.12   Med: 0.57   Max: 1.79
Current: 1.66

During the past 13 years, the highest Debt-to-Equity Ratio of Amcon Distributing Co was 1.79. The lowest was 0.12. And the median was 0.57.

DIT's Debt-to-Equity is ranked worse than
80.07% of 276 companies
in the Retail - Defensive industry
Industry Median: 0.65 vs DIT: 1.66

Amcon Distributing Co Debt-to-Equity Historical Data

The historical data trend for Amcon Distributing Co'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.

Amcon Distributing Co Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Debt-to-Equity
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.05 1.31 0.87 1.30 1.70

Amcon Distributing Co 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.42 1.77 1.70 1.66 1.32

Competitive Comparison

For the Food Distribution subindustry, Amcon Distributing Co'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.


Amcon Distributing Co Debt-to-Equity Distribution

For the Retail - Defensive industry and Consumer Defensive sector, Amcon Distributing Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Amcon Distributing Co's Debt-to-Equity falls into.



Amcon Distributing Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Amcon Distributing Co's Debt to Equity Ratio for the fiscal year that ended in Sep. 2023 is calculated as

Amcon Distributing Co's Debt to Equity Ratio for the quarter that ended in Mar. 2024 is calculated as

* 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.


Amcon Distributing Co  (AMEX:DIT) 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.


Amcon Distributing Co Debt-to-Equity Related Terms

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


Amcon Distributing Co (Amcon Distributing Co) Business Description

Traded in Other Exchanges
N/A
Address
7405 Irvington Road, Omaha, NE, USA, 68122
Amcon Distributing Co is engaged in the wholesale and retail distribution of consumer products such as cigarettes, tobacco, confectionery, health food, and others. It operates in two segments: Wholesale distribution segment distributing consumer products to the retail outlets including convenience stores, grocery stores, liquor stores, drug stores, and tobacco shops in the Central, Rocky Mountain, and Southern regions of the United States; and the Retail health food segment is a specialty retailer of natural/organic groceries and dietary supplements throughout the Midwest and Florida. The company earns a majority of the revenue from the Wholesale distribution segment.
Executives
Kathleen M Evans director, officer: President 15701 NORTH 47TH ST, OMAHA NE 68152
Charles J. Schmaderer officer: VP,Controller,Secretary 7405 IRVINGTON ROAD, OMAHA NE 68122
Jeremy W Hobbs director 444 NORTH MICHIGAN AVE, STE 2050, CHICAGO IL 60611
John R Loyack director ALVARADO SQUARE MS 2818, ALBUQUERQUE NM 87158
William F Wright director, 10 percent owner, officer: Chairman 1431 STRATFORD CT, DEL MAR CA 92014
Timothy R Pestotnik director 600 W BROADWAY, STE 2600, SAN DIEGO CA 92101
Stanley Mayer director
Christopher H Atayan director, officer: CEO and Vice Chairman C/O SLUSSER ASSOCIATES, INC., 153 EAST 53RD STREET, NEW YORK NY 10022
Andrew Charles Plummer officer: Chief Financial Officer 18325 JEFFERSON ST, OMAHA NE 68135
Eric J Hinkefent officer: President of CNF and HFA ROUTE 5, BOX 445, COWETA OK 74429
Raymond F Bentele director C/O MALLINCKRODT GROUP INC, 7733 FORSYTH BLVD, ST LOUIS MO 63105
Philip E Campbell officer: SVP - Planning and Compliance 1302 ELMSHADE COVE, ROUND ROCK TX 78664
Draupnir Llc 10 percent owner 500 N DEARBORN, 2ND FL, CHICAGO IL 60610
Allen D Petersen director, 10 percent owner 122 WEST COUNTY LINE ROAD, BARRINGTON HILLS IL 60010
Dawson Foundation Alexander 10 percent owner 4045 SOUTH SPENCER STREEET, SUITE 312, LAS VEGAS NV 89119

Amcon Distributing Co (Amcon Distributing Co) Headlines