Adrad Holdings (ASX:AHL) Debt-to-Equity : 0.43 (As of Dec. 2023)

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What is Adrad Holdings Debt-to-Equity?

Adrad Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$5.2 Mil. Adrad Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$46.3 Mil. Adrad Holdings's Total Stockholders Equity for the quarter that ended in Dec. 2023 was A$119.3 Mil. Adrad Holdings's debt to equity for the quarter that ended in Dec. 2023 was 0.43.

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

ASX:AHL' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.33 Med: 0.43 Max: 0.46
Current: 0.43

During the past 1 years, the highest Debt-to-Equity Ratio of Adrad Holdings was 0.46. The lowest was 0.33. And the median was 0.43.

ASX:AHL's Debt-to-Equity is ranked worse than
61.63% of 2630 companies
in the Industrial Products industry
Industry Median: 0.29 vs ASX:AHL: 0.43

Adrad Holdings Debt-to-Equity Historical Data

The historical data trend for Adrad Holdings'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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Adrad Holdings Debt-to-Equity Chart

Adrad Holdings Annual Data

Trend

Jun23

Debt-to-Equity

0.42

Adrad Holdings Semi-Annual Data
	Dec21	Dec22	Jun23	Dec23
Debt-to-Equity	0.33	0.46	0.42	0.43

Competitive Comparison of Adrad Holdings's Debt-to-Equity

For the Specialty Industrial Machinery subindustry, Adrad Holdings'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.

Adrad Holdings's Debt-to-Equity Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Adrad Holdings's Debt-to-Equity distribution charts can be found below:

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

Adrad Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Adrad Holdings'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
	=	(5.761	+	43.128)	/	116.886
	=	0.42

Adrad Holdings'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
	=	(5.186	+	46.338)	/	119.264
	=	0.43

Adrad Holdings (ASX:AHL) 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.

Adrad Holdings Debt-to-Equity Related Terms

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Adrad Holdings (ASX:AHL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Adrad Holdings Ltd (ASX:AHL) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

26 Howards Road, Beverley, SA, AUS, 5009

Website

https://www.adradholdings.com.au

Adrad Holdings Ltd designs and manufactures a wide variety of original equipment and aftermarket heat exchange products for both mobile and stationary applications. The company operates in two segments which include Heat Transfer Solutions, and Automotive Aftermarket. Heat Transfer Solutions designs and manufactures industrial cooling solutions for use in road transport and heavy vehicles, mining, power generation, data centers, and rail industries. Automotive Aftermarket manufactures, imports, and distributes radiators, mobile and stationary heat exchange products, and a variety of automotive parts for the Australian and New Zealand automotive and industrial markets.