Anixter International (Anixter International) Debt-to-Equity : 0.87 (As of Mar. 2020)

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What is Anixter International Debt-to-Equity?

Anixter International's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2020 was $63 Mil. Anixter International's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2020 was $1,526 Mil. Anixter International's Total Stockholders Equity for the quarter that ended in Mar. 2020 was $1,833 Mil. Anixter International's debt to equity for the quarter that ended in Mar. 2020 was 0.87.

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

AXE's Debt-to-Equity is not ranked ^*
in the Industrial Distribution industry.
Industry Median: 0.525
* Ranked among companies with meaningful Debt-to-Equity only.

Anixter International Debt-to-Equity Historical Data

The historical data trend for Anixter International'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.

Anixter International Debt-to-Equity Chart

Anixter International Annual Data

Trend

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Debt-to-Equity

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1.39

1.07

0.86

0.80

0.72

Anixter International Quarterly Data
	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20
Debt-to-Equity	Get a 7-Day Free Trial															0.99	0.91	0.77	0.72	0.87

Competitive Comparison of Anixter International's Debt-to-Equity

For the Industrial Distribution subindustry, Anixter International'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.

Anixter International's Debt-to-Equity Distribution in the Industrial Distribution Industry

For the Industrial Distribution industry and Industrials sector, Anixter International's Debt-to-Equity distribution charts can be found below:

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

Anixter International Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Anixter International's Debt to Equity Ratio for the fiscal year that ended in Dec. 2019 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
	=	(62.9	+	1278.8)	/	1860.9
	=	0.72

Anixter International's Debt to Equity Ratio for the quarter that ended in Mar. 2020 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
	=	(63.1	+	1526)	/	1833.3
	=	0.87

Anixter International (NYSE:AXE) 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.

Anixter International Debt-to-Equity Related Terms

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

Anixter International (Anixter International) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » Anixter International Inc (NYSE:AXE) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

2301 Patriot Boulevard, Glenview, IL, USA, 60026

Website

http://www.anixter.com

Anixter International is a leading distributor of network, security, electrical, and utility power products and services. The company has a global footprint with 316 warehouse or branch locations across 50 countries and offers 130,000 customers access to nearly 600,000 products, as well as value-added supply chain and technical services. Anixter operates three distinct businesses: network and security solutions, electrical and electronics solutions, and utility power solutions. We expect Anixter will merge with Wesco International in 2020.

Executives

Melvyn N Klein	director	615 UPPER BROADWAY, STE 1940, CORPUS CHRISTI TX 78477
William Clayton Geary	officer: EVP-NSS	C/O ANIXTER INC., 2301 PATRIOT BLVD., GLENVIEW IL 60026
Robert J. Eck	director	ANIXTER INC., 2301 PATRIOT BLVD., GLENVIEW IL 60026
F Philip Handy	director	C/O WINTER PARK CAPITAL COMPANY, 222 S PENNSYLVANIA AVE STE 200, WINTER PARK FL 32789
Scott R Peppet	director	1820 DEER VALLEY ROAD, BOULDER CO 80305
Charles M Swoboda	director	C/O CREE, INC., 4600 SILICON DRIVE, DURHAM NC 27703
William S Simon	director	1000 DARDEN CENTER DRIVE, ORLANDO FL 32837
Valarie L Sheppard	director	1 PROCTER & GAMBLE PLAZA, CINCINNATI OH 45202
Samuel Zell	director	TWO N RIVERSIDE PLAZA, SUITE 600, CHICAGO IL 60606
Frederic F Brace	director	707 W. SMUGGLER ST, ASPEN CO 81611
Linda Bynoe	director	980 N. MICHIGAN AVE, SUITE 1400, CHICAGO IL 60611
George Munoz	director	C/O MARRIOTT INTERNATONAL INC, 10400 FERNWOOD ROAD, BETHESDA MD 20817
Ilaria Mocciaro	officer: SVP-Controller, CAO	2301 PATRIOT BLVD, GLENVIEW IL 60026
Ted A Dosch	officer: Executive VP-Finance & CFO	C/O ANIXTER INC., 2301 S. PATRIOT BLVD., GLENVIEW IL 60026
Chai Trust Co Llc	other: Member of 10% Owner Group	TWO NORTH RIVERSIDE PLAZA, SUITE 600, CHICAGO IL 60606