ASNOVA Co (TSE:9223) Debt-to-Equity : 2.12 (As of Dec. 2023)

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What is ASNOVA Co Debt-to-Equity?

ASNOVA Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円2,340 Mil. ASNOVA Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円3,918 Mil. ASNOVA Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was 円2,947 Mil. ASNOVA Co's debt to equity for the quarter that ended in Dec. 2023 was 2.12.

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

TSE:9223' s Debt-to-Equity Range Over the Past 10 Years
Min: 1.21 Med: 1.51 Max: 2.12
Current: 2.12

During the past 4 years, the highest Debt-to-Equity Ratio of ASNOVA Co was 2.12. The lowest was 1.21. And the median was 1.51.

TSE:9223's Debt-to-Equity is ranked worse than
87.27% of 919 companies
in the Business Services industry
Industry Median: 0.38 vs TSE:9223: 2.12

ASNOVA Co Debt-to-Equity Historical Data

The historical data trend for ASNOVA Co'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.

ASNOVA Co Debt-to-Equity Chart

ASNOVA Co Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

1.65

1.23

1.21

1.51

ASNOVA Co Quarterly Data
	Mar20	Mar21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial						1.65	1.51	1.57	2.11	2.12

Competitive Comparison of ASNOVA Co's Debt-to-Equity

For the Rental & Leasing Services subindustry, ASNOVA Co'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.

ASNOVA Co's Debt-to-Equity Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, ASNOVA Co's Debt-to-Equity distribution charts can be found below:

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

ASNOVA Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

ASNOVA Co'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
	=	(1911.36	+	2304.411)	/	2789.83
	=	1.51

ASNOVA Co'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
	=	(2340.071	+	3918.36)	/	2947.331
	=	2.12

ASNOVA Co (TSE:9223) 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.

ASNOVA Co Debt-to-Equity Related Terms

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ASNOVA Co (TSE:9223) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » ASNOVA Co Ltd (TSE:9223) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

4-60 Hiraike-cho, 12 Global Gate 26th Floor, Nakamura-ku, Aichi, Nagoya-shi, JPN, 453-6126

Website

https://www.asnova.co.jp

ASNOVA Co Ltd is engaged in the scaffolding rental related business.

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