Aqualine (TSE:6173) Debt-to-Equity : 0.71 (As of Nov. 2023)

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What is Aqualine Debt-to-Equity?

Aqualine's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Nov. 2023 was 円174 Mil. Aqualine's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Nov. 2023 was 円135 Mil. Aqualine's Total Stockholders Equity for the quarter that ended in Nov. 2023 was 円437 Mil. Aqualine's debt to equity for the quarter that ended in Nov. 2023 was 0.71.

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

TSE:6173' s Debt-to-Equity Range Over the Past 10 Years
Min: -5.57 Med: 0.36 Max: 96.69
Current: 0.71

During the past 9 years, the highest Debt-to-Equity Ratio of Aqualine was 96.69. The lowest was -5.57. And the median was 0.36.

TSE:6173's Debt-to-Equity is ranked worse than
74.29% of 354 companies
in the Building Materials industry
Industry Median: 0.39 vs TSE:6173: 0.71

Aqualine Debt-to-Equity Historical Data

The historical data trend for Aqualine'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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Aqualine Debt-to-Equity Chart

Aqualine Annual Data

Trend

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Debt-to-Equity

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0.16

0.19

1.89

96.69

21.47

Aqualine Quarterly Data
	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23
Debt-to-Equity	Get a 7-Day Free Trial															-3.55	21.47	54.82	22.67	0.71

Competitive Comparison of Aqualine's Debt-to-Equity

For the Building Materials subindustry, Aqualine'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.

Aqualine's Debt-to-Equity Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, Aqualine's Debt-to-Equity distribution charts can be found below:

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

Aqualine Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Aqualine's Debt to Equity Ratio for the fiscal year that ended in Feb. 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
	=	(536.082	+	335.867)	/	40.62
	=	21.47

Aqualine's Debt to Equity Ratio for the quarter that ended in Nov. 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
	=	(174.242	+	135.444)	/	436.767
	=	0.71

Aqualine (TSE:6173) 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.

Aqualine Debt-to-Equity Related Terms

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

Aqualine (TSE:6173) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Aqualine Ltd (TSE:6173) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Kamihatchobori No. 8 No. 8, first Uenoyabiru, 6th floor, Hiroshima Prefecture, Hiroshima, JPN, 730-0012

Website

http://www.aqualine.jp

Aqualine Ltd is engaged in the repair of water supply products. It offers a range of services including unclogging blocks in toilets, kitchens, washrooms & bathrooms, repairing leaks, selling water supply products and totally renovating water supply systems. It also provides mineral water under aqua aqua brand name; and water dispenser services.

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