ANA Holdings (ANA Holdings) Debt-to-Equity

: 1.51 (As of Dec. 2023)

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ANA Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $1,834 Mil. ANA Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $8,792 Mil. ANA Holdings's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $7,040 Mil. ANA Holdings's debt to equity for the quarter that ended in Dec. 2023 was 1.51.

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

ALNPF' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.72 Med: 1 Max: 2.22
Current: 1.51

During the past 13 years, the highest Debt-to-Equity Ratio of ANA Holdings was 2.22. The lowest was 0.72. And the median was 1.00.

ALNPF's Debt-to-Equity is ranked worse than
81.26% of 886 companies
in the Transportation industry
Industry Median: 0.55 vs ALNPF: 1.51

ANA Holdings Debt-to-Equity Historical Data

The historical data trend for ANA Holdings'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.

ANA Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

0.72

0.79

1.64

2.20

1.86

ANA Holdings Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity																1.93	1.86	1.72	1.56	1.51

Competitive Comparison

For the Airlines subindustry, ANA Holdings'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.

ANA Holdings Debt-to-Equity Distribution

For the Transportation industry and Industrials sector, ANA Holdings's Debt-to-Equity distribution charts can be found below:

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

ANA Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

ANA Holdings's Debt to Equity Ratio for the fiscal year that ended in Mar. 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
	=	(1569.978	+	10459.547)	/	6452.127
	=	1.86

ANA Holdings'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
	=	(1834.02	+	8792.088)	/	7040.342
	=	1.51

ANA Holdings (OTCPK:ALNPF) 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.

ANA Holdings Debt-to-Equity Related Terms

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ANA Holdings (ANA Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » ANA Holdings Inc (OTCPK:ALNPF) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

ALNPY:USA 9202:Japan ANCA:Germany

Address

Shiodome-City Center, 1-5-2 Higashi-Shimbashi, Minato-ku, Tokyo, JPN, 105-7140

Website

http://www.ana.co.jp

ANA Holdings is the holding firm of Japan's largest airline, All Nippon Airways. Besides the flagship carrier, ANA also owns discount airline Peach Aviation, Hokkaido-based Air Do, and airfreight carrier Nippon Cargo Airlines. In February 2024, it will launch Air Japan to provide discount airline services to Southeast Asia. Pre-COVID-19, passenger transport made up over 50% of group revenue, split almost equally between domestic and international passenger routes while cargo revenue made up 4%-5%. Its primary hub is Tokyo's Narita International Airport, but it is also expanding routes from Haneda Airport. ANA has minor stakes in Philippine Airlines, Vietnam Airlines, and IHG ANA Hotels Group Japan. The latter is a hotel chain in Japan owned and operated by InterContinental Hotels Group.

ANA Holdings (ANA Holdings) Headlines

From GuruFocus

Q2 2020 ANA Holdings Inc Earnings Presentation Transcript

By GuruFocus Research • 02-12-2024