ASICSASCCF 90 Debt-to-Equity is 0.43 as of Mar. 2026, which is 16% below its 10-year median of 0.51. GuruFocus rates ASCCF with a GF Score™ of 90/100 and a GF Value™ of $26.70 (Fairly Valued). The stock has 1 warning sign investors should review. Among 929 Manufacturing - Apparel & Accessories companies, ASICS ranks worse than 50.16% on this metric.
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 ASICS's Debt-to-Equity or its related term are showing as below:
ASCCF'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.24 Med: 0.51 Max: 0.97
Current: 0.43
During the past 13 years, the highest Debt-to-Equity Ratio of ASICS was 0.97. The lowest was 0.24. And the median was 0.51.
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.
ASICS Debt-to-Equity Related Terms
ASICS Debt-to-Equity Historical Data
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The historical data trend for ASICS'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.
ASCCF vs NKE, DECK, ONON: Debt-to-Equity Comparison
For the Footwear & Accessories subindustry, ASICS'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.
ASICS Debt-to-Equity vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, ASICS's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where ASICS's Debt-to-Equity falls into.
* 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.
ASICS (ASCCF) has a Debt-to-Equity of 0.43 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on ASICS and its competitors. This is 16% below median its historical median of 0.51. Over the past decade, ASICS's Debt-to-Equity has ranged from 0.24 to 0.97. According to the industry distribution chart, ASICS ranks #466 out of 929 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 50.2%.
Is ASICS's Debt-to-Equity too high?
ASICS's current Debt-to-Equity of 0.43 is 16% below median its 10-year median of 0.51. Over the past 10 years, this metric has ranged from a low of 0.24 to a high of 0.97. The Manufacturing - Apparel & Accessories industry median Debt-to-Equity is 0.42. ASICS's value of 0.43 is 2.4% above this industry median. Based on the distribution chart, ASICS ranks #466 out of 929 companies in the Manufacturing - Apparel & Accessories industry, which is below the industry midpoint. Overall, ASICS has a GF Score™ of 90/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does ASICS's Debt-to-Equity compare to NKE and DECK?
According to the Manufacturing - Apparel & Accessories industry distribution chart, ASICS ranks #466 out of 929 companies for Debt-to-Equity. This places ASICS in the lower half of its industry. The industry median Debt-to-Equity is 0.42. ASICS's value of 0.43 is 2.4% above this benchmark. Historically, ASICS's own Debt-to-Equity has ranged from 0.24 to 0.97 over the past decade. While the company's 10-year median is 0.51 vs. the industry median of 0.42, ASICS has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-Equity for a Manufacturing - Apparel & Accessories company?
The median Debt-to-Equity among Manufacturing - Apparel & Accessories companies is 0.42, based on 929 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. ASICS's current Debt-to-Equity of 0.43 is 2.4% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on ASICS and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Debt-to-Equity is 0.42 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ASICS's current Debt-to-Equity is 0.43, which is 16% below median its own 10-year median of 0.51. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ASICS stock overvalued right now?
Based on GuruFocus' analysis, ASICS (ASCCF) is currently considered Fairly Valued. The stock's GF Value™ is $26.70, compared to a current price of $28.35 — trading 6.2% above its estimated fair value. The current Debt-to-Equity is 0.43, which is 16% below median its 10-year median of 0.51 and 2.4% above the Manufacturing - Apparel & Accessories industry median of 0.42. ASICS's overall GF Score™ is 90/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For ASICS (ASCCF), the current Debt-to-Equity is 0.43 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is ASICS (ASCCF) Overvalued in 2026?
Based on GuruFocus' analysis, ASICS stock appears to be overvalued.
The current stock price of $28.35 is trading 6.2% above its estimated GF Value™ of $26.70.
GuruFocus considers ASICS to be Fairly Valued.
Key valuation signals for ASCCF:
Debt-to-Equity: 0.43 (16% below median its 10-year median of 0.51)
GF Value™: $26.70 vs. price of $28.35 (6.2% above fair value)
Industry Position: 2.4% above the Manufacturing - Apparel & Accessories median (#466 of 929)
No single metric tells the full story. See the ASCCF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Founded in 1949 in Kobe, Japan, Asics is a leading sports footwear brand specializing in performance running shoes. Asics is well-known for its stability running shoe Gel-Kayano, which has been popular among runners for over 30 years thanks to its cushioning technology. It also owns Onitsuka Tiger, which is currently positioned as a premium sportswear lifestyle brand. In 2025, Asics had annual sales of over JPY 810 billion and command over 10% of the global performance running market share.
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