AstroNova (AstroNova) Debt-to-Equity

: 0.25 (As of Jan. 2024)

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AstroNova's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was $12.0 Mil. AstroNova's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was $10.5 Mil. AstroNova's Total Stockholders Equity for the quarter that ended in Jan. 2024 was $90.3 Mil. AstroNova's debt to equity for the quarter that ended in Jan. 2024 was 0.25.

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 AstroNova's Debt-to-Equity or its related term are showing as below:

ALOT' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.13 Med: 0.28 Max: 0.37
Current: 0.25

During the past 13 years, the highest Debt-to-Equity Ratio of AstroNova was 0.37. The lowest was 0.13. And the median was 0.28.

ALOT's Debt-to-Equity is ranked better than
54.77% of 2193 companies
in the Hardware industry
Industry Median: 0.28 vs ALOT: 0.25

AstroNova Debt-to-Equity Historical Data

The historical data trend for AstroNova'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.

AstroNova Annual Data

Trend

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

Debt-to-Equity

0.30

0.25

0.13

0.37

0.25

AstroNova Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Debt-to-Equity																0.37	0.35	0.33	0.32	0.25

Competitive Comparison

For the Computer Hardware subindustry, AstroNova'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.

AstroNova Debt-to-Equity Distribution

For the Hardware industry and Technology sector, AstroNova's Debt-to-Equity distribution charts can be found below:

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

AstroNova Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

AstroNova's Debt to Equity Ratio for the fiscal year that ended in Jan. 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
	=	(11.975	+	10.465)	/	90.282
	=	0.25

AstroNova's Debt to Equity Ratio for the quarter that ended in Jan. 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
	=	(11.975	+	10.465)	/	90.282
	=	0.25

AstroNova (NAS:ALOT) 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.

AstroNova Debt-to-Equity Related Terms

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AstroNova (AstroNova) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » AstroNova Inc (NAS:ALOT) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

AZO:Germany

Address

600 East Greenwich Avenue, West Warwick, RI, USA, 02893

Website

https://www.astronovainc.com

AstroNova Inc designs develops, manufactures and distributes a broad range of specialty printers and data acquisition and analysis systems, including both hardware and software, which incorporate advanced technologies to acquire, store, analyze, and present data in multiple formats. Target markets for its hardware and software products include aerospace, apparel, automotive, avionics, chemicals, computer peripherals, communications, distribution, food and beverage, general manufacturing, packaging and transportation. Its business consists of two segments, Product Identification and Test & Measurement. It derives revenue from The PI segment that includes specialty printing systems and related supplies sold under the QuickLabel, TrojanLabel and GetLabels brand names.

Executives

Alexis P Michas	director	940 WINTER STREET, C/O PERKINELMER, WALTHAM MA 02451
Yvonne Schlaeppi	director	600 EAST GREENWICH AVENUE, WEST WARWICK X1 02893
Richard S Warzala	director	495 COMMERCE DRIVE, AMHERST NY 14228
Thomas Wayne Carll	officer: Vice President	264 CASTLE ROCKS ROAD, WARWICK RI 02864
David S Smith	officer: Chief Financial Officer	C/O STANDARD MICROSYSTEMS CORPORATION, 80 ARKAY DRIVE, HAUPPAUGE NY 11788
Mitchell I Quain	director	53 FOREST AVENUE, SUITE 101, OLD GREENWICH CT 06870
Jean A Bua	director
Harold Schofield	director	9 ATLANTIC AVENUE, NARRAGANSETT RI 02882
Michael J Natalizia	officer: Vice President and CTO	50 EDGEWATER ROAD, NARRAGANSETT RI 02882
Michael Morawetz	officer: VP - International Branches	36396 STEINAU, SUDENTENSTRASSE 2M 12
Everett V Pizzuti	director	ADAMS J GWALTNEY, 1500 FLEET CENTER, PROVIDENCE RI 029302393
Albert W. Ondis Declaration Of Trust	10 percent owner	515 BEACH ROAD, FAIRFIELD CT 02903
Eric E Pizzuti	officer: Vice President	72 FOOTE STREET, BARRINGTON RI 02806
John P Jordan	officer: Chief Financial Officer	600 EAST GREENWICH AVENUE, WEST WARWICK RI 02893
April Ondis	director	C/O ASTRO-MED, INC., 600 EAST GREENWICH AVENUE, PROVIDENCE RI 02893