Aftab Automobiles (DHA:AFTABAUTO) Debt-to-Equity : 3.55 (As of Mar. 2024)

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What is Aftab Automobiles Debt-to-Equity?

Aftab Automobiles's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was BDT9,352.4 Mil. Aftab Automobiles's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was BDT9,274.7 Mil. Aftab Automobiles's Total Stockholders Equity for the quarter that ended in Mar. 2024 was BDT5,240.7 Mil. Aftab Automobiles's debt to equity for the quarter that ended in Mar. 2024 was 3.55.

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

DHA:AFTABAUTO' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.28 Med: 1.46 Max: 3.55
Current: 3.55

During the past 13 years, the highest Debt-to-Equity Ratio of Aftab Automobiles was 3.55. The lowest was 0.28. And the median was 1.46.

DHA:AFTABAUTO's Debt-to-Equity is ranked worse than
96.76% of 1172 companies
in the Vehicles & Parts industry
Industry Median: 0.47 vs DHA:AFTABAUTO: 3.55

Aftab Automobiles Debt-to-Equity Historical Data

The historical data trend for Aftab Automobiles'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.

Aftab Automobiles Debt-to-Equity Chart

Aftab Automobiles Annual Data

Trend

Aug13

Aug14

Aug15

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-Equity

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1.57

2.25

2.80

3.02

3.28

Aftab Automobiles Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															3.24	3.28	3.39	3.42	3.55

Competitive Comparison of Aftab Automobiles's Debt-to-Equity

For the Auto Manufacturers subindustry, Aftab Automobiles'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.

Aftab Automobiles's Debt-to-Equity Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Aftab Automobiles's Debt-to-Equity distribution charts can be found below:

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

Aftab Automobiles Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Aftab Automobiles'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
	=	(8927.27	+	8980.977)	/	5462.576
	=	3.28

Aftab Automobiles's Debt to Equity Ratio for the quarter 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
	=	(9352.407	+	9274.694)	/	5240.688
	=	3.55

Aftab Automobiles (DHA:AFTABAUTO) 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.

Aftab Automobiles Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Aftab Automobiles's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Aftab Automobiles (DHA:AFTABAUTO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Aftab Automobiles Ltd (DHA:AFTABAUTO) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

205-207, Tejgaon I/A, Dhaka, BGD

Website

https://www.aftabautomobiles.com

Aftab Automobiles Ltd is an assembler-cum-manufacturer of Toyota and Hino vehicles. The company is mainly a vehicle assembler and bus-body fabricator. The principal activities of the company were assembling Toyota Land Cruiser soft top/pick up, Land Cruiser Prado, Hino Bus, and Hino Mini Bus/Truck with a yearly production capacity of two thousand four hundred units of vehicles in three shifts. The company produces and markets batteries through its subsidiary. The company operates in three reportable segments assembling unit, motorcycle unit, and body unit. the company operates its's business in Bangladesh.

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