AAK AB (FRA:6AA0) Debt-to-Equity : 0.21 (As of Mar. 2024)

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What is AAK AB Debt-to-Equity?

AAK AB's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was €125 Mil. AAK AB's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was €230 Mil. AAK AB's Total Stockholders Equity for the quarter that ended in Mar. 2024 was €1,679 Mil. AAK AB's debt to equity for the quarter that ended in Mar. 2024 was 0.21.

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

FRA:6AA0' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.21 Med: 0.45 Max: 0.56
Current: 0.21

During the past 13 years, the highest Debt-to-Equity Ratio of AAK AB was 0.56. The lowest was 0.21. And the median was 0.45.

FRA:6AA0's Debt-to-Equity is ranked better than
66.95% of 1640 companies
in the Consumer Packaged Goods industry
Industry Median: 0.41 vs FRA:6AA0: 0.21

AAK AB Debt-to-Equity Historical Data

The historical data trend for AAK AB'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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AAK AB Debt-to-Equity Chart

AAK AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.45

0.39

0.48

0.26

AAK AB 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	Get a 7-Day Free Trial															0.41	0.36	0.29	0.26	0.21

Competitive Comparison of AAK AB's Debt-to-Equity

For the Packaged Foods subindustry, AAK AB'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.

AAK AB's Debt-to-Equity Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, AAK AB's Debt-to-Equity distribution charts can be found below:

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

AAK AB Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

AAK AB'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
	=	(168.603	+	232.343)	/	1530.211
	=	0.26

AAK AB's Debt to Equity Ratio for the quarter 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
	=	(124.507	+	229.75)	/	1678.68
	=	0.21

AAK AB (FRA:6AA0) 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.

AAK AB Debt-to-Equity Related Terms

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AAK AB (FRA:6AA0) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » AAK AB (FRA:6AA0) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

AAK:Sweden AAKs:UK 0A0J:UK

Address

Skrivaregatan 9, Malmo, SWE, SE-215 32

Website

https://www.aak.com

AAK AB is a Swedish refined vegetable oils producer with sales operations around the world. The company has three business segments: Food ingredients, Chocolate & confectionery fats, and Technical products & feed. The food ingredients segment provides solutions to the bakery, dairy, nutrition, plant-based, & food service industries. The Chocolate & Confectionery Fats segment mainly serves manufacturers of chocolate, spreads, & fillings products as well as customers in the personal care industry. Technical Products & Feed segment provides a growing range of specialized solutions, responding to an increased demand for natural ingredients & sustainability. The majority is from the Food ingredients segment.

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