Aichi Steel (FRA:8T2) Debt-to-Equity : 0.29 (As of Mar. 2024)

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What is Aichi Steel Debt-to-Equity?

Aichi Steel's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was €94 Mil. Aichi Steel's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was €357 Mil. Aichi Steel's Total Stockholders Equity for the quarter that ended in Mar. 2024 was €1,541 Mil. Aichi Steel's debt to equity for the quarter that ended in Mar. 2024 was 0.29.

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 Aichi Steel's Debt-to-Equity or its related term are showing as below:

FRA:8T2' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.27 Med: 0.34 Max: 0.42
Current: 0.29

During the past 13 years, the highest Debt-to-Equity Ratio of Aichi Steel was 0.42. The lowest was 0.27. And the median was 0.34.

FRA:8T2's Debt-to-Equity is ranked better than
62.21% of 553 companies
in the Steel industry
Industry Median: 0.4 vs FRA:8T2: 0.29

Aichi Steel Debt-to-Equity Historical Data

The historical data trend for Aichi Steel'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.

Aichi Steel Debt-to-Equity Chart

Aichi Steel Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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0.34

0.39

0.33

0.42

0.29

Aichi Steel 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															0.42	0.38	0.37	0.34	0.29

Competitive Comparison of Aichi Steel's Debt-to-Equity

For the Steel subindustry, Aichi Steel'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.

Aichi Steel's Debt-to-Equity Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Aichi Steel's Debt-to-Equity distribution charts can be found below:

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

Aichi Steel Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Aichi Steel's Debt to Equity Ratio for the fiscal year 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
	=	(93.984	+	356.631)	/	1541.146
	=	0.29

Aichi Steel'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
	=	(93.984	+	356.631)	/	1541.146
	=	0.29

Aichi Steel (FRA:8T2) 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.

Aichi Steel Debt-to-Equity Related Terms

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Aichi Steel (FRA:8T2) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Aichi Steel Corp (FRA:8T2) » Definitions » Debt-to-Equity

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Traded in Other Exchanges

5482:Japan

Address

1 Wanowari Araomachi, Aichi-ken, Tokai, JPN, 476-8666

Website

http://www.aichi-steel.co.jp

Aichi Steel Corp is a Japan-based company that manufactures and sells steel, forged products and electro-magnetic products. The company operates through four segments. The steel segment manufactures and sells specialty steel, stainless steel, and titanium. The forged product segment produces a wide variety of forgings. The electromagnetic products segment manufactures electromagnetic components. The steel and forged products segments are the two biggest segments, representing the majority of Aichi Steel's sales. Aichi Steel is a member of Toyota Group. Toyota Motor and Toyota Tsusho are its major customers. The company generates most of its revenue from the Japanese domestic market.

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