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 Amerco's Debt-to-Equity or its related term are showing as below:
UHAL'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.93 Med: 1.45 Max: 4.72
Current: 1.04
During the past 13 years, the highest Debt-to-Equity Ratio of Amerco was 4.72. The lowest was 0.93. And the median was 1.45.
UHAL's Debt-to-Equity is ranked worse than 74.4% of 879
companies
in the Business Services industry
Industry Median: 0.42
vs UHAL: 1.04
Amerco Debt-to-Equity Historical Data
The historical data trend for Amerco'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.
Amerco Annual Data
Trend
Mar13
Mar14
Mar15
Mar16
Mar17
Mar18
Mar19
Mar20
Mar21
Mar22
Debt-to-Equity
1.03
1.13
1.12
0.98
1.04
Amerco Quarterly Data
Sep17
Dec17
Mar18
Jun18
Sep18
Dec18
Mar19
Jun19
Sep19
Dec19
Mar20
Jun20
Sep20
Dec20
Mar21
Jun21
Sep21
Dec21
Mar22
Jun22
Debt-to-Equity
0.93
0.98
0.94
1.04
1.04
Competitive Comparison
For the Rental & Leasing Services subindustry, Amerco'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.
Amerco Debt-to-Equity Distribution
For the Business Services industry and Industrials sector, Amerco's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Amerco's Debt-to-Equity falls into.
Amerco Debt-to-Equity Calculation
Debt to Equity measures the financial leverage a company has.
Amerco's Debt to Equity Ratio for the fiscal year that ended in Mar. 2022 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.
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.
Amerco Debt-to-Equity Related Terms
Thank you for viewing the detailed overview of Amerco's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Amerco Inc is an American provider of rental trucks to household movers. The company operates a fleet of trucks, trailers, and towing devices under the U-Haul brand. The service is targeted at do-it-yourself household movers. Amerco offers its products and services through a network of retail moving stores and independent U-Haul dealers. The company also offers self-storage solutions for household and commercial goods, as well as insurance products covering loss on goods in storage, medical, life, and cargo protection. It operates in three segments: Moving and Storage, Property and Casualty Insurance, and Life Insurance.
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