ADTTF (Advantest) Debt-to-Equity : 0.19 (As of Sep. 2024)

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What is Advantest Debt-to-Equity?

Advantest's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $36 Mil. Advantest's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $606 Mil. Advantest's Total Stockholders Equity for the quarter that ended in Sep. 2024 was $3,328 Mil. Advantest's debt to equity for the quarter that ended in Sep. 2024 was 0.19.

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

ADTTF' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.03 Med: 0.18 Max: 0.54
Current: 0.19

During the past 13 years, the highest Debt-to-Equity Ratio of Advantest was 0.54. The lowest was 0.03. And the median was 0.18.

ADTTF's Debt-to-Equity is ranked better than
58.52% of 880 companies
in the Semiconductors industry
Industry Median: 0.27 vs ADTTF: 0.19

Advantest Debt-to-Equity Historical Data

The historical data trend for Advantest'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.

Advantest Debt-to-Equity Chart

Advantest Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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0.05

0.04

0.15

0.14

0.22

Advantest Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Debt-to-Equity	Get a 7-Day Free Trial															0.18	0.22	0.22	0.21	0.19

Competitive Comparison of Advantest's Debt-to-Equity

For the Semiconductor Equipment & Materials subindustry, Advantest'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.

Advantest's Debt-to-Equity Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Advantest's Debt-to-Equity distribution charts can be found below:

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

Advantest Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Advantest's Debt to Equity Ratio for the fiscal year 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
	=	(34.355	+	596.027)	/	2878
	=	0.22

Advantest's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(36.235	+	605.943)	/	3328.42
	=	0.19

Advantest (OTCPK:ADTTF) 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.

Advantest Debt-to-Equity Related Terms

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Advantest Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Advantest Corp (OTCPK:ADTTF) » Definitions » Debt-to-Equity

Comparable Companies

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Address

1-6-2, Marunouchi, Shin-Marunouchi Center Building, Chiyoda-ku, Tokyo, JPN, 100-0005

Website

http://www.advantest.co.jp

Advantest Corp is a Japan-based company that manufactures and distributes semiconductor test systems and mechatronic products for applications in testing and measurement, healthcare, nanotechnology and other end markets. The firm's product portfolio includes integrated circuit test systems, e-beam lithography, scanning electron microscopy metrology, solid state drive test systems, terahertz spectroscopy, and other electronic measuring instruments. The firm has operations in Japan, the United States, Europe, Singapore, China, Taiwan, and Korea.