Alliance Entertainment Holding (Alliance Entertainment Holding) Debt-to-Equity : 1.34 (As of Dec. 2023)

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What is Alliance Entertainment Holding Debt-to-Equity?

Alliance Entertainment Holding's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $6 Mil. Alliance Entertainment Holding's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $113 Mil. Alliance Entertainment Holding's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $89 Mil. Alliance Entertainment Holding's debt to equity for the quarter that ended in Dec. 2023 was 1.34.

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 Alliance Entertainment Holding's Debt-to-Equity or its related term are showing as below:

AENT' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.9 Med: 1.72 Max: 2.08
Current: 1.34

During the past 4 years, the highest Debt-to-Equity Ratio of Alliance Entertainment Holding was 2.08. The lowest was 0.90. And the median was 1.72.

AENT's Debt-to-Equity is ranked worse than
84.19% of 841 companies
in the Media - Diversified industry
Industry Median: 0.29 vs AENT: 1.34

Alliance Entertainment Holding Debt-to-Equity Historical Data

The historical data trend for Alliance Entertainment Holding'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.

Alliance Entertainment Holding Debt-to-Equity Chart

Alliance Entertainment Holding Annual Data

Trend

Jun20

Jun21

Jun22

Jun23

Debt-to-Equity

N/A

0.90

1.37

1.87

Alliance Entertainment Holding Quarterly Data
	Jun20	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial						2.08	1.72	1.87	1.77	1.34

Competitive Comparison of Alliance Entertainment Holding's Debt-to-Equity

For the Entertainment subindustry, Alliance Entertainment Holding'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.

Alliance Entertainment Holding's Debt-to-Equity Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Alliance Entertainment Holding's Debt-to-Equity distribution charts can be found below:

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

Alliance Entertainment Holding Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Alliance Entertainment Holding's Debt to Equity Ratio for the fiscal year that ended in Jun. 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
	=	(140.127	+	8.551)	/	79.534
	=	1.87

Alliance Entertainment Holding'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
	=	(5.792	+	112.89)	/	88.502
	=	1.34

Alliance Entertainment Holding (NAS:AENT) 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.

Alliance Entertainment Holding Debt-to-Equity Related Terms

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Alliance Entertainment Holding (Alliance Entertainment Holding) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Alliance Entertainment Holding Corp (NAS:AENT) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

8201 Peters Road, Suite 1000, Plantation, FL, USA, 33324

Website

https://www.aent.com

Alliance Entertainment Holding Corp is a top tier distributor of music, movies, and consumer electronics. It offers more than 485,000 SKU products, consisting of vinyl records, compact discs, DVDs, Blu-rays, and video games. The company serves customers of every size, providing a suite of services to resellers and retailers around the world.