The Aarons Co (The Aarons Co) Debt-to-Equity : 1.02 (As of Dec. 2023)

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What is The Aarons Co Debt-to-Equity?

The Aarons Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $6 Mil. The Aarons Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $690 Mil. The Aarons Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $686 Mil. The Aarons Co's debt to equity for the quarter that ended in Dec. 2023 was 1.02.

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

AAN' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.39 Med: 0.68 Max: 1.06
Current: 1.02

During the past 7 years, the highest Debt-to-Equity Ratio of The Aarons Co was 1.06. The lowest was 0.39. And the median was 0.68.

AAN's Debt-to-Equity is ranked worse than
74.6% of 929 companies
in the Business Services industry
Industry Median: 0.38 vs AAN: 1.02

The Aarons Co Debt-to-Equity Historical Data

The historical data trend for The Aarons 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.

The Aarons Co Debt-to-Equity Chart

The Aarons Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.81

0.39

0.45

1.06

1.02

The Aarons Co Quarterly Data
	Dec17	Dec18	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															1.06	1.02	0.97	0.98	1.02

Competitive Comparison of The Aarons Co's Debt-to-Equity

For the Rental & Leasing Services subindustry, The Aarons 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.

The Aarons Co's Debt-to-Equity Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, The Aarons Co's Debt-to-Equity distribution charts can be found below:

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

The Aarons Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

The Aarons Co'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
	=	(6.388	+	690.267)	/	686.138
	=	1.02

The Aarons Co'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
	=	(6.388	+	690.267)	/	686.138
	=	1.02

The Aarons Co (NYSE:AAN) 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.

The Aarons Co Debt-to-Equity Related Terms

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The Aarons Co (The Aarons Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » The Aarons Co Inc (NYSE:AAN) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

400 Galleria Parkway SE, Suite 300, Atlanta, GA, USA, 30339-3182

Website

https://www.aarons.com

The Aarons Co Inc is a specialty retailer which has developed a unique lease-to-own model. It serves the customers through the sale and lease ownership of furniture, consumer electronics, computers, home appliances, and other accessories at the best deal with the highest quality products. Aaron's services are available through multiple channels to approximately 40-50 % of the U.S. population. The Company conducts its operations through two primary operating business segments: Aaron's Business and BrandsMart.

Executives

Rachel G George	officer: EVP, Gen Counsel/Corp Sec	400 GALLERIA PKWY SE, SUITE 300, ATLANTA GA 30339
Stephen W Olsen	officer: President	400 GALLERIA PARKWAY SE, SUITE 300, ATLANTA GA 30339
Douglas A Lindsay	director, officer: Chief Executive Officer	309 E. PACES FERRY ROAD, ATLANTA GA 30305
Wangdali Bacdayan	director	400 GALLERIA PARKWAY SE, SUITE 300, ATLANTA GA 30339
Douglass L Noe	officer: VP, Corporate Controller	400 GALLERIA PARKWAY SE, SUITE 300, ATLANTA GA 30339
Kristine Kay Malkoski	director	6655 PEACHTREE DUNWOODY ROAD, ATLANTA GA 30328
Russell Falkenstein	officer: EVP, COO, Lease-to-Own	400 GALLERIA PARKWAY SE, SUITE 300, ATLANTA GA 30339
John W Robinson	director	309 E PACES FERRY RD, SUITE 1100, ATLANTA GA 30505
Harris Hubert L. Jr.	director	309 E. PACES FERRY ROAD, ATLANTA GA 30305
Marvonia P Moore	director	400 GALLERIA PARKWAY SE, SUITE 300, ATLANTA GA 30339
Kelly Hefner Barrett	director	4630 WYNMEADE PARK, MARIETTA GA 30067
Timothy A Johnson	director
Laura N Bailey	director	400 GALLERIA PARKWAY SE, SUITE 300, ATLANTA GA 30339
Sinclair Robert P Jr	officer: Corporate Controller and CAO	309 E. PACES FERRY RD N.E., ATLANTA GA 30305-2377
Aaron's Holdings Company, Inc.	10 percent owner	256 W. DATA DRIVE, DRAPER UT 84020